Property Boom in Delhi NCR

Faridabad which has previously suffered on account of bad connectivity and poor infrastructure and wasn’t able to keep up with the real estate market in other NCR cities like Gurgaon, Delhi and Noida has now seen a boom in the real estate sector. The credit for it mainly goes to the improved infrastructural facilities like the Gurgaon-Faridabad expressway, expansion of metro and the six-lane Mathura road.

The alarmingly high property rates in Delhi and Gurgaon have also led to a lot of people considering Faridabad for investment. Analysts have also stated that it is a good option for investments due to factors like affordability, price appreciation and great infrastructure. Developers are focusing more on the need of the buyers in the mid-income categories. For those looking to buy, sell or lease property in and around the National; capital Region of Delhi, Buy Sell Rent NCR is the place to be.

Earlier, the residents of Faridabad used to travel to Delhi or Gurgaon for shopping and entertainment but now there are so many new malls that have come up in Faridabad. Also, there are new malls that are expected to come up on the Delhi-Mathura road soon. For recreation, there are so many options like spending time at Surajkund, Dabchick and Sohna Lake which are quite close to the city. And since the commercial space in Faridabad is priced at an affordable rate, many of the corporate MNCs are also migrating there that will lead to more job opportunities for the residents. These can be seen as some of the factors that have led to a in Faridabad.

According to SPR Buildtech Ltd director Nalin Saluja, “Though not many new projects have been launched over the past two years due to slowdown, more than 70 per cent inventory in 30 residential projects in Greater Faridabad is already sold. Also over half a dozen IT park projects are at the advanced stage of completion in Faridabad and the market is expected to boom with their completion.”

Noida

Noida is another region that has grown in terms of residential and commercial real estate. Boasting of world class infrastructure and excellent connectivity, Noida continues to attract a large number of buyers and investors. There are also some major developments in the pipeline which will appeal to the investors. Some of them are—the recently approved metro grid which will link Noida and Greater Noida. There are also plans to build a 3.9 km metro line between Kalindi Kunj and the Botanical garden.

To ease the process of buying and selling property, Buy Sell Rent in NCR provides various property listings on the site which buyers can browse and use the advanced search options to expand their results based on factors like price, locality, contract type, floor area etc.

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