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New Residential Projects in Faridabad

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Anand Villas
Mathura Road
3BHK, 4BHK Villas
1895 Sq.ft To 3980 Sq.ft
Rs 1.23 Cr Onwards
Puri Constructions
Investor / Resale Options Available
+91 98205 75619

Aanand Villas is a fabulous project being developed by Puri Constructions. This project is ultimate as it comes with a unique concept of Towers that will have ground floor as Bungalow apartments. That means right from your first step in a tower will give the ambience of luxury. Above the ground floo...

Read More About Faridabad & it's Real Estate Property Market

  • Faridabad is the largest city in the north Indian state of Haryana.
  • It is also a leading industrial center situated in the National Capital Region (NCR) bordering the capital New Delhi.
  • Faridabad is located between Delhi, Noida, Greater Noida and Gurgaon.
  • It is flanked by Delhi to its North, Noida to its North-East, Greater Noida to its East and Gurgaon to its West.
  • The river Yamuna forms the city's Eastern district boundary with the state of Uttar Pradesh.
  • The newly developed residential and industrial part of Faridabad (Sec. 66 to 89) between Agra Canal and Yamuna River is commonly referred to as Neharpar or Greater Faridabad.
  • The area is being developed as a self-sustained sub-city with wide roads, tall buildings, malls, educational institutions, and health & commercial centers.
  • Sectors 66-74 are primarily industrial sectors while Sectors 75-89 are mainly residential zones.
  • The Delhi-Agra NH-2 passes through the centre of the Faridabad district.
  • The city has many railway stations on the Delhi-Mathura double track broad-gauge line of the North Central Railway.
  • The railway stations of Old Faridabad and New Industrial Township are the major ones.
  • Faridabad is also a major industrial hub of Haryana.
  •  50 percent of the income tax collected in Haryana is from Faridabad and Gurgaon.
  • Faridabad is also famous for henna production from the agricultural sector, while tractors, motorcycles, switch gears, refrigerators, shoes and tyres are some of its main industrial products.
  • For ease of administration, Faridabad district is divided into two sub divisions namely, Faridabad and Ballabgarh with each headed by a Sub Divisional Magistrate.
  • The Municipal Corporation of Faridabad (MCF) provides the civic amenities to the citizens of Faridabad City.
  • Palwal, Hodal and Hathin Sub Divisions are now part of the newly created Palwal District.

TOURIST ATTRACTIONS:

  • Baba Farid's Tomb:  The final resting place of an eminent Sufi saint - Baba Farid - this tomb is a major tourist attraction of Faridabad and popular pilgrimage for local Muslims. Legend has it that Baba Farid was the founder of Faridabad and the city had derived its name after the name of Baba Farid.
  • Surajkund: An historic site and famous tourist spot of Faridabad, is an artificial 'Kund' (reservoir) built in the backdrop of the Aravalli hills with an amphitheater shaped embankment constructed in semicircular form.
  • Badkhal Lake: A popular tourist destination of Faridabad, it is a manmade embankment famous for bird watching and boating. Badkhal Lake is surrounded by hills and is a popular weekend destination to have fun and enjoy holiday.
  • Town Park:  A beautiful park located in sector-12 of Faridabad city. Away from the hectic life of the city, the Park is a hub of activity at any time of the day. The lush green lawns and a variety of trees are the main attraction of the park.
  • Nahar Singh Palace: One of the most famous tourist spots of Faridabad, this site is an historical palace built around 1739 AD. It is an outstanding specimen of architectural design, located in the heart of the town of Ballabgarh.
  • Sai Baba temple: Located in Sector 16A in Faridabad, has a replica of the idol of Shirdi Sai Baba, Shirdi. Separate places for 'Dhuni' and 'Dwaraka Mayee' have been allocated inside the temple of Sai Baba. The temple attracts a huge crowd of devotees.

DEMOGRAPHICS:

  • Faridabad district is one of the 21 districts of the Indian state of Haryana with Faridabad city the district headquarters.
  • This district is part of Gurgaon division.
  • According to the 2011 Census, Faridabad district had a population of approx 1,798,954.
  • This gave it a ranking of 266th in India (out of a total of 640).
  • The district has a population density of 2,298 inhabitants per sq km.  
  • Its population growth rate over the decade from 2001-2011 was 31.75 percent.
  • Faridabad has a sex ratio of about 871 females for every 1000 males, and a literacy rate of 83 percent.
  • Faridabad and Palwal are dominated by the Gujjar community who constitute approx 25 percent of the total population.
  • It also has a sizeable Punjabi population (about 16 percent) who migrated from Pakistan during the partition and people from the Brahmin (11 percent) community.

JOBS & EMPLOYMENT OPPORTUNITIES:

  • Faridabad was once Haryana's leading industrial city and a popular choice for setting up industry due to its strategic location along the Delhi-Mathura Road.
  • Faridabad has several MNCs, ISO-based industries, medium- and small-scale manufacturing units.
  • On the whole, the total number of small, medium and large industries in the Faridabad-Ballabgarh Complex is around 15,000.
  • The complex provides direct and indirect employment to nearly half a million people.
  • The place is home to many MNCs in the manufacturing sectors like Whirlpool, Goodyear, Larsen & Toubro, ABB, Boveri, GKN Invel, Woodward, Governor, and Castrol, apart from a clutch of Indian majors like Escorts, Eicher, Cutler-Hammer, Hyderabad Asbestos and Nuchem who also have a presence here.
  • The city is noted for its henna production in the agriculture sector while tractors, motorcycles, switch gears, refrigerators, shoes and tyres are other products are also made in the city.
  • The IT revolution sweeping the country has somehow completely bypassed Faridabad, opting instead for other cities like Noida, Okhla and Gurgaon.
  • According to some experts, this has happened due to the rising levels of congestion and pollution in the city.

TRANSPORT & CONNECTIVITY:

  • Faridabad is on the broad gauge of New Delhi- Mumbai Line.
  • New Delhi and Hazrat Nizammudin Railway Station is about 25 km away from Faridabad Station.
  • Trains for major cities like Mumbai, Chennai and Hyderabad are available from here. Local trains also ply here between New Delhi and Faridabad.
  • There are three railway stations in the city namely, Faridabad (FDB), New Town Faridabad (FDN) and Ballabgarh (BVH).
  • Delhi Metro Rail Corporation is extending its metro service to the city.
  • The Violet Line (Delhi Metro) which is presently up to Badarpur, is being extended up to YMCA Chowk in Faridabad.
  • NH-2 passes through the city, which is well connected to nearby states.
  • Transport services operated by neighboring states are also easily accessible for travel purposes.
  • Faridabad is also connected to Gurgaon via the Gurgaon-Faridabad Road which starts from Sec 26 in Gurgaon and ends near Badhkal Lake in Faridabad.

INFRASTRUCTURE OUTLOOK:

  • Faridabad is going to become the best connected locations in NCR in the coming years because of multiple factors including: two bridges connecting Greater Faridabad to Noida and Greater Noida and the Kalindi Kunj bypass road project.
  • The Delhi-Faridabad Metro work is in its final stage and the services are likely to commence soon.
  • The 13.8 km long Metro line from Badarpur to Faridabad's YMCA chowk is elevated with nine stations named initially as Sarai Kwaja, NHPC Chowk, Mewla Maharajpur, Sector 27A, Badkal Mor, Old Faridabad, Ajronda, Faridabad New Town and YMCA Chowk.
  • There are plans to extend the Delhi-Faridabad Metro facility to Ballabhgarh making it the widest Metro connected region in NCR.
  • The state government is also working towards Metro connectivity between Gurgaon, Faridabad and Greater Noida.
  • The developing sectors of New Faridabad are offering advanced infrastructure with world-class schools, hospitals, malls, luxury hotels, clubs, etc, and better transport network.
  • The operational Gurgaon- Faridabad Expressway provides great connectivity between the two satellite towns of Delhi, and has reduced travel time considerably.
  • The widening of NH-2 (Delhi-Agra) project is a part of the golden quadrilateral project.
  • The new Faridabad Master Plan-2031 has projected a population of about 42 lakhs, up from the prevailing 18 lakhs.
  • Faridabad has 101 sectors. As per the 2013 Plan the city will be home to 171 sectors most of which will be located in the Neharpar and IMT areas.

REALTY MARKET OVERVIEW:

  • With other major real estate markets in the NCR like Gurgaon and Noida reaching saturation point, New Faridabad offers unique investment opportunities.
  • Faridabad is traditionally an end-user/buyer market and still rates as one of the most affordable property markets in the NCR belt.
  • Faridabad and even Greater Faridabad is expected to be the next hotspots in NCR due to the robust connectivity they have with Noida, Gurgaon, Greater Noida and Delhi.
  • Faridabad's realty market is poised for growth with improved infrastructure like Gurgaon-Faridabad expressway, six-lane Mathura Road, expansion of metro rail, and laying of foundation stone for the Faridabad-Noida-Ghaziabad expressway.
  • New Faridabad is developing as the new realty hub of Faridabad. The area is spread across different sectors of the city including Sectors 75, 76, 81, 82, and 85 adjoining Neharpar, and near the posh Sectors 14-15.
  • A number of developers like BPTP, Omaxe, RPS, SRS, Puri Construction, KTS, Home Town, Piyush Heights, Emerald Heights, Universal Group, ORS Infrastructures and Iris Abode Pvt Ltd have projects here.
  • In 2014, the average ticket size for apartments in Faridabad was approx INR 3,000-4,000 per sq ft.
  • The annualised appreciation over the last couple of years for housing projects in this region stands at around 8-10 per cent.
  • The quality of construction in Faridabad's residential projects is largely mid-grade since a majority of them are aimed at mid-income consumers, maintaining affordability has been a priority for most developers with projects in this belt.
  • Though not many new projects have been launched here over the past two years due to the ongoing slowdown, more than 70 per cent inventory in 30 residential projects in Greater Faridabad is already sold.
  • Greater Faridabad is a newly formed residential and industrial part of the city, and is being developed as a self-sustained sub-city, with malls, wide roads, tall buildings, commercial centres and educational institutions.
  • Over half a dozen IT park projects are at an advanced stage of completion in Faridabad and the market is expected to boom with their completion.

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