Faridabad is the emerging real estate destination, but it has yet a lot of resources still left to be utilized in the optimum way. Good connectivity and proximity to Delhi along with initiatives from the Haryana Government can be considered the prime factor for many spatial economic developmental changes here.

These changes can be seen in terms of floating of new sectors with a public and private sector partnership; setting up new institutional sectors; witnessing changes in the skyline by developing a new urban development policy, adding new high-tech electronic and communication units and IT Parks; and better road and transport facilities.

Major infrastructural developments:

• The infrastructure of Faridabad is being overhauled, as a 50-crore fund has been released by the government for Cluster Development Planning.
• There has also been another significant announcement regarding creation of Industrial Model Township by the government on the lines of Manesar.
• Faridabad fares well among other cities when it comes to connectivity. The city is just 10 kms away from Ashram crossing at Mathura Road.
• Badarpur flyover is near to start, as planned by NHAI to make national highway broad & red light free from Ashram Crossing, towards Agra.
• It is said that the new flyover over Badarpur crossing and an expressway linking Palwal, Manesar, Kundli, Faridabad, Noida and Ghaziabad will provide interconnectivity among various satellite towns.
• After Gurgaon, Metro rail's next destination is set to be Faridabad.
• Faridabad has excellent medical facilities available at Escorts Hospital & Research Center and Metro Heart Institute.
• Haryana Technology Park (HTP) is an approved SEZ Information Technology Park, located only 3 kilometers (1.8 miles) from the Delhi - Faridabad border on National Highway 2. The Park with a total covered area of 1.65 million square feet will have 0.86 million of business space dedicated to IT/ITES companies. Construction is scheduled to start in September 2006 and will be completed by October 2008.

Faridabad,  the city of about 300 large and 10,000 small-scale industries, has always been under-priced in spite of the geographical advantage that it offers for being equidistant from Delhi-Gurgaon-Noida and fairly good connectivity both by road as well as rail route. But now the situation has been transforming with the entry of the private players. Along with swanky residential projects, there are a lot of commercial projects that have got developed or are still on the progress, in Faridabad. Many shopping arcades and malls are functional as of now and still more are in the pipeline.

There has been a rise in the real estate prices by about 40 per cent and even more at certain places. In sectors like 21C & D, the rates have shot up by five times whereas in NIT, Ashoka Enclave, Sector 31 & 32, the market has registered an appreciation of 100 per cent. However, Faridabad for sure would gain even in future with property rates here still relatively low in comparison to Gurgaon and Noida.

All this infrastructural development and real estate leaps together they make Faridabad, a city with truly international style of living finally finding ground to assert its rightful place on the global map.

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