With the growing demand of residential properties in Delhi-NCR, the average home buyer here is faced with the dilemma of choosing between shelling out an exorbitant amount for property closer to the metropolis and preparing to travel long distances by buying affordable property in the suburbs. Hold your breath, the good news is that Faridabad is the answer when faced with such a dilemma. Located in the fringes of the capital, around 25 kms away from central Delhi, Faridabad shares its borders with Uttar Pradesh and Gurgaon and is strategically placed to give you the best of both the worlds.
Neharpar
Though this locality did not see much action in real estate in the past, things are surely changing, and in a hurry! With the Kundli-Manesar-Palwal Expressway coming up, Neharpur will now enjoy easy connectivity to Gurgaon and Delhi. There is plenty of land available for further infrastructural developments as well, which puts Neharpur on the fast-track to becoming the next Noida or Gurgaon in the NCR region. For those looking at real estate investment options, it would be interesting to note that there has been a 19% increase in the per sq. ft. rate from Rs 1, 400 in 2006 to the current Rs 3,000-3,500 per sq. ft. in the primary market. If you are planning a move in the next three to four years, Neharpar is guaranteed to give you a good value for your money.
Surajkund
Closely rivalling New Faridabad and Neharpar for its advantage in terms of location is Surajkund. Conveniently located close to South Delhi, the connectivity to the town has improved by leaps and bounds thanks to the Archaeological Survey of India’s efforts to turn it into a major tourist destination and heritage site. Major highways like the Gurgaon-Faridabad road and the Mehrauli – Badarpur road passing through Surajkund have added to its locational benefits.
The area is counted among posh localities in the NCR because of the Sun Temple and Asola Bhatti Wildlife Sanctuary that have led to development of several good hotels, malls and hospitals in the area.
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There are plenty of affordable residential options to choose from too. With an average per sq. ft. rate of Rs 6,900, buyers can make a good investment at a relatively low entry point.
New Industrial Town (NIT)
Those looking for affordable home options in or near Delhi-NCR will find that the NIT meets their requirements quite perfectly. Its proximity to prime locations such as Delhi, Gurgaon, Old Faridabad and Ballabgarh has made it a popular affordable residential destination. The basic civic amenities such as water supply and electricity are also in place here, which has contributed greatly towards quarter-on-quarter hike of 5% on returns from investments here. property prices in the locality are within the range of Rs 3,700 – Rs 4,800 per sq. ft.
Green Valley
The excellent connectivity to South Delhi is one of the major draws to this town. Apart from that, access to the Delhi Metro Railway is a bonus for those looking to commute daily. This upmarket area is fully equipped with all the basic facilities and amenities required. The Crown Mall and the Big Bazaar remain the popular spots in this area. The prices of property here range from Rs 5,600 – 5,800 per sq ft.
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