Even though it is situated close to Noida, Gurgaon and Delhi with their fast real estate market growth Faridabad has been falling behind in comparison with the markets in other NCR cities (which stands for National Capital Region). Yet it has a good potential for becoming a model city with developed infrastructure and housing. And the key to faster development is better connectivity with neighboring cities and towns.
One of the industries today that have the highest disposable salaries is IT, but people working for information technology companies prefer to settle down and get property for sale in Gurgaon due to better connections with Delhi. Hopefully, this will soon be changed due to improved traffic infrastructure like new Gurgaon-Faridabad expressway, expanded metro rail and plans to build Faridabad-Noida-Gaziabad expressway.
Due to all the positive changes in the Faridabad, there are plenty of residential and inventory projects already sold and even more in progress. After the dozen of IT park projects is completed, a great boom is expected in the city.
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