Faridabad, that could become a gem in the real estate world of National Capital Region (NCR), failed to keep pace with realty growth of other cities like Gurgaon, Noida and Delhi itself. The main negative point in Faridabad was the lack of connectivity with Delhi. When the country saw a boom in IT sector, the giant companies chose Gurgaon over Faridabad as it had better infrastructure, offered easy connectivity to the airport and the central parts of Delhi.
Now that the property market of Gurgaon has come to the point of saturation, companies find it hard to get a good office space in the city. Hence, a number of IT giants are now moving towards Faridabad. Several developers are also launching their property for sale in Faridabad. Rapid infrastructure development has put Faridabad on top of investor’s priority list. [Read more…]