Content Analyst at InvestorsClinic
Located in proximity to the capital city, Delhi; Faridabad is a thriving and prosperous region of NCR known for state-of-the-art residential localities, commercial hubs, and industrial centers. The area is bordered by other important NCR cities like Delhi, Gurugram, Palwal, and Uttar Pradesh in it’s North, West, East, and South respectively.
With rapid development, the district has seen a mushroomed realty market, especially in the affordable segment. The major reason behind this is the presence of leading industries and commercial centers within and proximity to it. Due to this, many working professionals have attracted towards this area to own or rent a home here.
Take a look at some of the best affordable localities to invest in Faridabad:
Sector- 78 : This sector of Faridabad has witnessed a fast pace development in the realty sector as well as infrastructure in the last few years. Sector-78 of Faridabad is well-connected to other areas via buses as well as other means of transport. The IGI Airport is at a distance of 42 km while the old Faridabad railway station is also located near to it. The nearest metro station of Bata Chowk is 5-6 lm away. Besides this, a plethora of social amenities, as well as entertainment centers, also present here. Recently, the state government has launched the New Plot Scheme by the Haryana Development Authority (HDA) for those who are looking to invest in affordable plots. There are many reputed developers and projects present in the locality such as Omaxe Spa Village, Conscient Habitat, Omaxe New Heights, HUDA plots and much more. The average property price here is Rs 3,233/ sqft.
Sector- 45 : One of the developed locality of Faridabad, sector-45 attracts both buyer and tenant communities due to the presence of affordable flats by some reputed developers. The area enjoys smooth connectivity to Mathura Road via roadways buses and shared autos. The nearest metro station is Mewala Maharajpur which is just a few minutes away. There is also plenty of entertainment and recreation centers present within the locality like Crown Interiorz Mall and Sector 21 market. The average property price for a 2 BHK apartment starts from Rs 45 lakhs. On the other hand, a rental unit can be availed from Rs 15000 per month. Some of the leading developers and projects present in sector-45 are Sarvome Shree Homes, Krishna apartment and much more.
Neharpar : Also known as Greater Faridabad, Neharpas is a newly developed locality with sectors ranging from 66-89. While sector- 66-74 comprises of industrial centers, residential sectors fall in-between sector 75-89. The area is home to wide roads, modern and well-established infrastructure, hi-rise residential projects as well as superior metro connectivity. The area also enjoys good connectivity to other districts like Palwal, Gurgaon, and Kundli via KMP expressway and Delhi via Kalindi Kunj Bypass. At present, the average property price here is Rs 3,435 per sq.ft. A homebuyer can easily afford a luxury housing unit in an affordable range. Some of the leading developers and projects present in Neharpar are BPTP the Resort, Puri the Pranayam, Puri Aanand Villas, etc.
