Even though Faridabad was an employment hub even before Gurgaon, Noida and Ghaziabad were developed but still the city was unable to exploit the presented opportunities and therefore not many people are interested to invest in properties in Faridabad. The government too was more interested to develop infrastructure Gurgaon over the years. As a result, Gurgaon real estate prospered whereas flats in Tigaon for sale and other Faridabad properties were ignored by investors.
However, after the city was included in the smart city list the attitude of investors saw a paradigm shift.
Since inclusion in smart city mission means that the city will see infrastructure upgradation many investors are now more willing to buy flats in Tigaon for sale and other Faridabad properties. Ever since Delhi metro extended its operations to the city, the connectivity and accessibility to and from the city has improved tremendously. This has attracted many people to invest here as people can now easily travel to and from Delhi and NCR areas.
The connectivity between Faridabad and various other satellite cities has improved tremendously. The Faridabad - Gurgaon road has made traveling between the two cities seamless. A Faridabad-Noida-Ghaziabad Expressway is also being developed once the construction of the expressway is completed the sales prospect of flats in Tigaon for sale and other Faridabad properties will get a huge boost.
Many end-users who were unable to find affordable housing are now choosing to invest in properties in Faridabad. The bane has turned into a boon, the city's properties were earlier ignored and hence they were not able to find suitable buyers. Over the years, lack of demand led to price stagnation now the property prices are attracting end-users to buy a home here.
As connectivity is improving with each passing day, more end-users are interested to buy properties in Faridabad . The other satellite cities of Delhi are unable to offer affordable housing options. Although some affordable options are being offered by Greater Noida but these areas are very sparsely populated and they also have connectivity issue.
In Faridabad, people can choose to invest in a well-connected locality at a reasonable price. Also since the city is included in smart city mission sustainable infrastructure projects will start commencing soon. All this is going to promote the city among investors as well as homebuyers and it is expected that the city’s real estate sector will finally receive much needed boost in the next few months.