Property Investment in Faridabad: All You Need To Know

Interested in real estate investment? Faridabad might be the perfect destination for you. Situated in the northern state of Haryana, Faridabad offers promising opportunities for property investment.

With its strategic location in the National Capital Region (NCR) and evolving industrial sectors like the Faridabad Industrial Model Township (FIMT), the city presents a thriving real estate market.

Here's all you need to know about property investment in Faridabad, from its prime locations to its growth prospects.

What Is Property Investment in Faridabad?

Property investment in Faridabad involves purchasing real estate assets such as residential apartments, commercial spaces, or land parcels within the city limits of Faridabad, located in the northern Indian state of Haryana.

Faridabad, a rapidly developing industrial and residential hub, offers lucrative opportunities for investors due to its strategic location adjacent to the National Capital Region (NCR) and its robust infrastructure development.

With notable industrial zones like the Faridabad Industrial Model Township (FIMT) and sectors such as Sector 143, Sector 15, and Sector 16, the city boasts a vibrant real estate market. Property prices in Faridabad have steadily appreciated over the years, making it an attractive destination for investors seeking long-term capital gains and rental income.

Additionally, with government initiatives like the Smart Cities Mission and the development of key infrastructure projects like the Faridabad-Noida-Ghaziabad (FNG) Expressway, the city's real estate market is poised for further growth.

Factors To Consider Before Investing in Faridabad Real Estate

Economic Growth

Faridabad's rapidly developing industrial hub status in India underscores its economic vibrancy. The city's evolution from an industrial township to a focal point of commercial and residential investments reflects its robust economic growth trajectory.

Infrastructure

Evaluating the existing and planned infrastructure in Faridabad is critical to real estate investment. The city's inclusion in the Smart City Program signifies a concerted effort to enhance infrastructure and promote sustainable development.

Investors should assess factors like transportation networks, connectivity to major cities like Delhi and Gurgaon, and the availability of essential amenities such as schools, hospitals, and shopping centres.

Affordability

Faridabad offers a diverse range of residential properties at relatively affordable rates compared to neighbouring cities like Delhi and Gurgaon. Localities like Neharpar and Surajkund provide attractive investment opportunities with reasonable property prices. Investors can capitalise on the affordability factor to acquire properties with high growth potential while minimising initial investment costs.

Rental Yield

Apart from capital appreciation, rental yield (3%) is a crucial metric for evaluating the income-generating potential of real estate investments. Faridabad's growing population and employment opportunities contribute to a robust rental market. Investors should analyse rental demand trends in different localities and assess factors like rental yields, vacancy rates, and rental appreciation potential to optimise rental income from their properties.

Potential for Growth

Assessing Faridabad's future growth prospects is imperative for making informed investment decisions. Factors such as planned infrastructure projects, industrial expansion, and demographic trends can provide valuable insights into the city's growth trajectory. For instance, the proposed Delhi-Mumbai expressway and metro rail connectivity initiatives are expected to boost Faridabad's real estate market further.

The Demand of the Location

Understanding the demand dynamics of specific localities within Faridabad is crucial for identifying lucrative investment opportunities. Investors should conduct market research to gauge factors like demand-supply dynamics, buyer preferences, and demographic trends in target neighbourhoods. Additionally, analysing factors like historical price trends and absorption rates can provide valuable insights into the demand dynamics of different locations.

Regulatory Compliance (RERA)

Ensuring regulatory compliance is paramount when investing in real estate. The Real Estate Regulatory Authority (RERA) plays a vital role in safeguarding the interests of homebuyers and regulating the real estate sector. Investors should verify the RERA registration status of projects and developers to ensure transparency, accountability, and legal compliance.

Builder Reputation

The reputation and track record of builders and developers significantly influence the success of real estate investments. Prioritise developers with a proven track record of delivering quality projects within stipulated timelines. Conducting due diligence on the builder's financial stability, project execution capabilities, and past performance can mitigate risks and enhance investment outcomes.

Steps To Invest in A Property in Faridabad

Step 1: Begin by conducting a market survey to establish your investment budget.

Initiate your property investment journey in Faridabad by researching the real estate market and determining your investment capacity. Consider factors like property prices, location, and potential returns to refine your budget.

Step 2: Next, narrow down your options by shortlisting properties that align with your criteria.

Refine your choices by selecting properties that meet your specific requirements. Consider factors such as location, size, amenities, and growth potential to create a shortlist of promising options.

Step 3: Schedule visits to the shortlisted properties to evaluate their various aspects, including infrastructure and accessibility.

Arrange site visits to assess the properties personally. Evaluate factors like infrastructure quality, proximity to essential amenities such as hospitals and schools, transportation options, and the overall neighbourhood ambience to make an informed decision.

Step 4: Conduct a thorough background check and verify all property documents before finalising a property.

Before making a decision, conduct a comprehensive background check on the seller or builder. To ensure no legal issues or encumbrances, verify the authenticity of all property documents, including ownership records, land titles, and local authorities' approvals.

Step 5: Once satisfied with the property, prepare all necessary documentation for the purchase.

After confirming the property's legality and suitability, gather all required paperwork for the transaction. Draft a sale deed, purchase agreement, and any other relevant documents to formalise the purchase process and avoid future complications.

Step 6: Complete the purchase by paying and covering stamp duty and registration charges.

Finalise the property acquisition by fulfilling the payment terms as agreed upon. Comply with stamp duty and registration fee requirements to legalise the transaction and secure your ownership rights.

Benefits of Investing in Faridabad Real Estate Property

Booming Industrial Sector

Faridabad's thriving industrial sector, home to prominent companies like Whirlpool, Yamaha, and Maruti Suzuki, ensures a steady influx of employment opportunities. With over 50,000 small, medium, and large-scale industries, including many Multinational Corporations (MNCs), the city promises robust economic growth and a high demand for residential properties.

Strategic Location

Situated just 25 km from Delhi, Faridabad offers unparalleled connectivity to the national capital and the neighbouring commercial hub of Gurgaon.

Additionally, upcoming infrastructural projects like the Delhi-Mumbai expressway and proposed metro rail links to Gurugram further enhance the city's accessibility and attractiveness to investors.

Smart City Initiatives

Faridabad's inclusion in the Smart City Program by the government of India underscores its commitment to sustainable urban development and improved quality of life. With initiatives to reduce carbon emissions and enhance infrastructure, investors can expect long-term appreciation in property values as the city evolves into a modern urban centre.

Affordable Investment Options

Localities like Neharpar and Surajkund offer affordable residential properties with promising appreciation potential. The average property price in Neharpar is around Rs. 3,700 per sq. ft., making it an attractive investment destination for budget-conscious investors seeking value for money.

Projected Growth Trajectory

With Faridabad emerging as a model industrial centre and a preferred residential destination, analysts forecast a steady appreciation in property prices. The city's high per capita expenditure, coupled with rising demand for housing, positions Faridabad as a lucrative real estate market offering attractive long-term returns on investment.

Top Locations for Real Estate Property Investment in Faridabad

Neharpar

Neharpar in Faridabad is a prime location offering affordable homes with excellent connectivity to Delhi and Gurgaon. It is also close to schools like Narayana e-Techno School and Modern Delhi International School, hospitals, and shopping centres like Pristine Mall, making it a promising investment opportunity.

The average property price here is approximately Rs. 4,236 per sq. ft., making it an attractive choice for buyers looking for value for money.

Surajkund

Surajkund is a well-connected locality in Faridabad, close to South Delhi. It is surrounded by prominent areas like Nehru Nagar and Saket and offers modern amenities, including educational institutions, hospitals, and malls. The average rate per sq. ft. for residential properties in Surajkund is Rs. 8,000, making it an appealing destination for property investment. Krrish Ibiza Town, Meenal Semeion and Ahinsha Naturez Park are some of the renowned projects in the area.

Sector 14, Faridabad

Sector 14 stands out as a serene and upscale residential neighbourhood in the heart of Faridabad. Known for its peaceful ambience and lush greenery, it offers modern living with easy access to transportation options like the Faridabad Metro.

Residents benefit from prestigious schools like Apeejay School and recreational facilities like Town Park and Nahar Singh Stadium. The average price per sq. ft. of properties here is Rs. 10,000, making it an exclusive choice for discerning buyers.

Sector 31, Faridabad

Sector 31 is a premium neighbourhood featuring spacious villas and luxurious apartments. Residents enjoy easy access to reputable educational institutions, healthcare facilities, and parks like Friends Colony Park and Surdas Park for leisure activities.

Gated communities like Spring Field and RPS Paras Apartments offer an average price per sq. ft of Rs. 6,800, making them desirable options for those seeking a peaceful lifestyle amidst nature.

Sector 21C, Faridabad

Sector 21C is an affluent community with upscale residential developments, opulent villas, and luxurious flats. The Delhi-Mumbai Industrial Corridor (DMIC) and Mathura Road ensure connectivity, while renowned educational institutions and medical facilities like St. Thomas Senior Secondary School and QRG Central Hospital are easily accessible.

Parks such as Green Valley Park promote an active lifestyle. Gated communities like Zion Onyxe Tower and Golf Enclave Apt offer an average price per sq. ft of Rs. 8,200, making them attractive choices for those seeking sophistication and convenience.

Conclusion

What is property investment in Faridabad?

Property investment in Faridabad entails buying residential or commercial real estate assets within the city limits. Benefitting from its strategic location and infrastructure development, Faridabad offers lucrative opportunities for long-term gains, supported by rising property values and government initiatives.

Factors to consider before investing in Faridabad real estate

• Economic Growth
• Infrastructure
• Affordability
• Rental Yield
• Potential for Growth
• Demand of the Location
• RERA
• Builder

Steps to invest in a property in Faridabad

• Step 1: Conduct a market survey and finalise your investment budget.
• Step 2: Shortlist a few properties based on your requirements
• Step 3: Plan a field visit to the properties to assess their various aspects, such as infrastructure, transportation facilities, hospital proximity etc.
• Step 4: After finalising a property, make sure to do a background check and check all the property documents.
• Step 5: Prepare all the necessary documents, such as the sale deed, agreement, etc., to purchase the property.
• Step 6: Go ahead with paying for the property. Remember to pay the stamp duty and registration charges as well.

Benefits of investing in Faridabad real estate property

• Booming Industrial Sector
• Strategic Location
• Smart City Initiatives
• Affordable Investment Options
• Projected Growth Trajectory

Top locations for real estate property investment in Faridabad

• Neharpar
• Surajkund
• Sector 14
• Sector 31
• Sector 21C