With Gurgaon already reaching its saturation
point in terms of real estate investments, buyers as well as investors, have a
new window of opportunity in the neighborhood. Faridabad, now with the
functional Badarpur-Faridabad Metro line, has a lot to offer in that regard.
Considered to be Delhi's second satellite city, Faridabad has a great shot at
reviving its real estate growth and promises a new avenue for greater returns
to the investors.
Delhi Metro's Faridabad Corridor happens to be
the first mass transit system with a metro line of 13.87 kilometers resulting
in an upward surge of property prices in the area. As an investor, you now have
an opportunity to get affordable luxury residential projects, access to a
better lifestyle, and avail the advantage of better returns.
Post Metro Line – What Are The Changes?
Other than better connectivity to places like
Delhi, Gurgaon, Ghaziabad, and Noida, brokers are positive that the metro line
would also bring an about a shift in the property prices, which certainly looks
set to increase multifold in the coming months. Presently, the rents of homes
are on rise post this introduction.
The demands for houses in this quasi-industrial area
is set to be on a rise, owing to its proximity to New Delhi, as well as its
connectivity to the main highway NH-2. Since the new metro connects Sarai, NHPC
Chowk, Bata Chowk, Escorts Mujesar, and Old Faridabad, the prospects for the
real estate growth in this region appear to be positive for investment
purposes.
Future Prospects For Investment
The establishment of a metro line is turning to
be a major impetus behind property demand in this area, as has been pointed out
by Anuj Puri, Chairman and Country Head, JLL India. The metro would open up a
fresh demand for properties and real estate investment in the areas surrounding
South Delhi. This in return, would most likely, also increase prices in the
overall submarket for medium and long-term periods of investment.
As an investor, you have the opportunity to
propel your earnings with this project since the demand of properties around
the area would steadily increase. With further expansion of the metro line and
possible connectivity enhancements, the future has never looked brighter for
Faridabad as far as real estate development goes.
Connectivity and Real Estate Growth
Seeing that the dilapidated transport services
have received a fresh vibe, the investors are hopeful that the metro line
connectivity will escalate the prices as well as the demand of the property in
this area. You have a chance to increase your returns by investing in the areas
around the metro line, as the marketers are touting a steady rise in even the
rents of the buildings in Faridabad. The Badarpur-Faridabad Metro promises a
positive real estate growth in this industrial area.