Popularly known as Greater Faridabad, Neharpar is a flourishing real estate investment destination in Faridabad. Due to its well-developed infrastructure, renowned educational institutions, health, and commercial centres, many home buyers have invested and moved towards this locality of Faridabad in the last few years.
With many proposed developments, Neharpar has emerged as a best bet for realty investment. Take a look at some of the factors that have added feathers to the Neharpar property market:
Neharpar is surrounded by Delhi, Noida, Greater Noida and Gurgaon from all the four sides. It is also connected to other areas like Faridabad, Palwal, and Mathura through NH-2 and with Gurgaon via Gurgaon-Faridabad Road. Local residents can easily reach to other surrounding areas through DTC, UP and MP roadways buses.
Recently, the inauguration of Kundli-Manesar-Palwal Expressway has provided better connectivity to this area which has been a major reason behind its popularity. Nearest metro station is approximately 2 km from this locality.
Along with this, the state government is working on the development of other public transportation systems like an extended Metro corridor, Bridges and Kalindi Kunj bypass road project to enhance the connectivity to this area.
Greater Faridabad or Neharpar is among the well-developed localities of Faridabad. The area houses state of art modern and wide roads, high-rise residential complexes, and thriving industries. It also is home to some of the best schools and educational institutions of the regions like Modern Delhi Public School, Lingaya’s Institute of Management and Technology, Lingaya’s Public School, Manav Rachna International School, Apeejay School, St. Thomas Sr. Secondary School to name a few. Many renowned health care centres, malls, and recreation centres are also in close proximity to this locality.
Real Estate Market
Neharpar comprises newly developed sectors of Faridabad from 66 to 89. While sector 66 to 74 includes industries; residential sectors start from sector 75 to 89. As these sectors are developed recently, therefore, they are much more affordable as compared to the older one and other NCR areas. Also, better infrastructure and modern facilitates have attracted many leading realtors to develop their projects in Neharpar. Due to ample green and open spaces, the residential apartments are equipped with all state of the art facilities like jogging tracks, walkways, lawns, clubs, swimming pools etc. The units are also spacious and well-ventilated.
Also, the presence of several industries like Yamaha and Havells has made this area a favourable hot spot among home buyers.
Property Price and Trend
Neharpar is a mix of affordable as well as luxury properties. One can easily invest in their dream property as the property price here is still at a lower end. Currently, the average property rate in Greater Faridabad or Neharpar is Rs 3,435 per sq.ft. On the other hand, the maximum price of the property is recorded at Rs 4.25 Crore.
As per the experts, the property price in Neharpar shown an upward trend in last six months and with further developments, it will increase more in the coming few years.