Buying property in Faridabad

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Buying property in Faridabad
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The largest city in the state of Haryana in North
India is Faridabad. It enjoys a prime location in
terms of both political and geographical aspects.
The city shares border with the Union Territory
and National Capital of Delhi in North, Uttar
Pradesh in the east and south and Gurgaon in the
west. The real estate of the city is emerging
and is the favoured destination for investors due
to the economic boom and job opportunities.
Furthermore, the place is 25 km away from Delhi
and because of the shortage of land in the
capital Faridabad will become one of the most
sought after regions. When it comes to buying
property in Faridabad, it is an affordable option
as compared to other Delhi NCR regions.
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In terms of residential and commercial property
Faridabad offers a great deal to purchase, sale
or rent any property. Apart from apartments one
can find an array of luxury houses at affordable
rates. There are various factors behind the
increasing demand of buying property in
Faridabad, first is the infrastructural advantage
offered by the developers of both commercial as
well as residential properties. Many reputed
builders such as BPTP, SRS Group, Omaxe, Vipul
and EROS Group, offers luxury offices, houses,
shopping complexes and apartments. As the
property investors are making a shift in their
preferences from Delhi to Faridabad owing to
Delhis over population, and the less congested
areas that are available in Faridabad.
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As Faridabad is in close proximity to some of the
progressive locations such as Delhi, Gurgaon and
Noida it has become a favourite destination for
investment. Apart from the presence of institutes
such as DAV and National Institute of Finance
Management to name a few, which have given a rise
to the real estate of the city. Buying property
in Faridabad has also become crucial as it is a
booming industrial hub with small, medium and
large-scale industries. With the presence of
several multinational companies like Larsen
Toubro, Whirlpool, Eicher, Goodyear, Escorts and
so on that have given rise to job opportunities
and to the demand of residential property.
Moreover, Faridabad is in close proximity to
some of the important locations and will offer
metro connectivity in future. This opens the
scope of surge in real estate prices of the city.
Not only Indians but with the FDI relaxation the
International real estate sector too has become
favourable for this city. The city is also
well-equipped with modern amenities such as
Faridabad Cricket Association Club, Gymkhana and
Charms-wood.
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Buying property in Faridabad is a good option as
it offers ample scope for new commercial and
residential projects. However, before buying one
should take some advice from property advisors
who can contribute towards helping you in making
the right decision while investing.
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