Faridabad, often regarded as the satellite city of Delhi NCR, is witnessing a transformation into a burgeoning real estate hub. This growth can be attributed to a slew of infrastructure development projects, enhanced metro connectivity, booming healthcare initiatives, and an expanded transportation network.
Among these, Jewar Airport stands out as a game-changer. As one of the largest airports in the country, it is significantly altering the real estate dynamics of Faridabad. With the airport expected to handle 12 million passengers annually, it is drawing global corporations and enterprises, spurring business travel and economic activities. This transformative development is complemented by expressways, metro extensions, and thriving healthcare projects, collectively positioning Faridabad for unprecedented growth in the years ahead.
A Surge in Property Values
As the construction of Jewar Airport progresses, property values in Faridabad are on the rise. Investors are keen to capitalize on this momentum, drawn by the city’s enhanced connectivity and the promise of a flourishing real estate market.
New roads, highways, and expressways are improving links between Faridabad and Jewar, making the city increasingly attractive for residential and commercial developments. The influx of global companies and retail chains is further bolstering commercial real estate activity, while the emerging micro-markets cater to a growing workforce.
Growth of the Residential Segment
According to a report by Anarock, Faridabad is projected to attract 30,000 professionals over the next five years. This surge in population is driving demand for residential projects, including apartments, villas, and flats. The city’s affordability, coupled with its proximity to Jewar Airport, makes it an ideal location for homebuyers seeking value for money.
The influx of workers and tourists has also created jobs, fostering a thriving local economy and generating new opportunities for both residents and businesses.
Infrastructure Development: Changing Dynamics
Faridabad’s connectivity is undergoing a paradigm shift with the development of key infrastructure projects:
FNG Expressway: Set for completion by June 2025, it will reduce travel time between Ballabgarh and Jewar Airport from two hours to just 20 minutes.
Delhi-Mathura Expressway: Enhances Faridabad’s connectivity to Delhi and Gurugram.
Delhi-Mumbai Expressway: Opens up avenues for industrial and business growth.
Faridabad-KMP Expressway & East Peripheral Expressway: Improves links to other NCR cities, ensuring seamless travel.
Delhi Metro Extensions: Provide a boon for daily commuters, strengthening Faridabad’s appeal as a residential hub.
Greater Faridabad (Neharpar): Emerging as a focal point for new residential and commercial projects.
Harinder Dhillon, Senior Vice President of Sales at BPTP, shares, “The opening of Jewar Airport is revolutionary for Faridabad. With its advantageous location just 40 kilometers from the airport, Faridabad is poised to attract significant investments. We anticipate a significant rise in real estate demand over the next few years, driven by enhanced connectivity and infrastructure development. Jewar Airport’s capacity of 12 million passengers annually will further stimulate employment and industrial growth. At BPTP, we see this as an opportunity to redefine urban living by offering world-class residential and commercial real estate in a thriving economic environment.”
“Faridabad’s real estate market is entering a golden era, fueled by the transformative power of Jewar Airport and unparalleled infrastructure development. With the airport just 38 kilometres away, reducing travel time to under 20 minutes, and mega projects like the Delhi-Mumbai Expressway, FNG Expressway, and metro expansions, the city is becoming a magnet for global businesses and homebuyers alike. Faridabad is not just witnessing growth, it's redefining it, offering unmatched connectivity, affordable housing options, and a thriving commercial ecosystem. For investors, this is not just an opportunity; it's the future of NCR’s real estate,” said Shashank Vashishtha, Managing Director, Exp Realty India
Favorable Government Policies
Faridabad is part of the Indian government’s ambitious Smart Cities Mission, which envisions sustainable urban development through green spaces, enhanced municipal services, and smart infrastructure. These initiatives align with global trends emphasizing sustainability in real estate, further boosting the city’s appeal to environmentally conscious investors and homebuyers.
Future Outlook
The real estate market in Faridabad is poised for exponential growth in the coming years. As a crucial component of the National Capital Region (NCR), the city benefits from robust infrastructure, affordable property prices, and ongoing urban expansion. Improved highways, metro extensions, and proximity to Jewar Airport ensure superior connectivity, attracting both investors and homeowners.
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