Faridabad is an ancient, industrial city located in the northern Indian state of Haryana. It’s a quintessential Indian city, with industrial activities dominating one corner and agricultural another. It enjoys a prime location too, as the highly important Mathura road passes through Faridabad, and the National Capital Territory of Delhi, the state of Uttar Pradesh, and the Gurgaon district border it. Buy a property here and get all the information from our website.
Faridabad is like a goldmine for realtors, thanks to its strategic location and proximity to the national capital. Realtors know that the economic promise displayed by the city is attracting tremendous investor interest. Besides, with such a large number of large and small-scale industries in operation, the demand for land and/or property is bound to be consistent and at times even rising.
Some of the coveted real estate projects in Faridabad city are Park Grendeura, Parklands, Royal Retreat, and Piyush Heights. Certain areas in Faridabad, like the Neharpar area in Greater Faridabad, offer a more cost-effective option for buying land and/or property, in comparison with surrounding areas like Gurgaon and Noida. Some of the strong players in the Faridabad realty sector are EROS Group, Gold Souk, Piyush Group, Omaxe, and SRS Group.
Faridabad is an industrial hub. It’s a highly prosperous city, as the income tax collection from Faridabad and Gurgaon alone amounts to 50% of the net collection. The prosperity of the city is well supported by the excellent road and rail connectivity. More and more people are visiting this city to make use of the increasing opportunities presented by it and to enjoy the cultural mix.
Faridabad is also a tourist hotspot. The rich history of the city that is found trapped in the beautiful temples and churches, and forts and palaces is alluring to the tourists. Besides, shopaholics have a lot of rejoicing, and so do arts and crafts enthusiasts. The popular SurajKundMela, for instance, is organized here and is a major attraction.
51% of Haryana’s revenue comes from Faridabad. Such a large contribution is boosted tremendously by the strong manufacturing industry sector in the city. Faridabad is especially known for Henna production. Other manufacturing industries include shoes, motorcycles, tires, and refrigerators. Besides the big names, Faridabad is home to around 25,000 small-scale industries, mostly light engineering goods, and mechanical industries.
Manufacturing divisions of some of the prominent companies like Whirlpool, Yamaha Motors India Pvt. Ltd., Orient Fans, and JCB India are located in and around the city.
At the turn of the 21st century, Faridabad began to experience an economic boom. To keep pace with the economic prosperity of the city, development activities began to occur in full swing. It’s for this reason that Faridabad, today, boasts of excellent infrastructure within its precincts.
The government is relentlessly pursuing Cluster Development Planning and, to boost investor confidence, has plans for an Industrial Model Township (IMT). This will strengthen the hold of the industry over Faridabad’s economy.
Another reason for the extensive development of infrastructure in Faridabad is its proximity to the national capital. As Delhi doesn’t have the space to accommodate everyone who knocks at its doors, people are now looking towards neighboring towns and cities like Faridabad.
Faridabad can be reached by air through the Indira Gandhi International (IGI) airport in New Delhi. IGI airport connects Faridabad to major national and international destinations. Traveling within the city most often entails taking rickshaws and auto-rickshaws. The local trains help people in traveling from inside the city to nearby areas like New Delhi.
The city is well connected by roads as well. The Delhi-Mathura Road, which is the NH 2, passes right through the city. The road networks of Haryana and nearby states like Delhi, Madhya Pradesh, and Uttar Pradesh help Faridabad connect easily to the neighboring regions
The Delhi Metro Rail Corporation (DMRC) will be extending the metro rail service to the city under Phase-III of its expansion drive. Currently, the metro service terminates at the Delhi-Faridabad border, at Badarpur.