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FARIDABAD - A Better ROI preferred Site for Next 3 Years !!

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Wednesday, 27 February 2013

Faridabad witnesses fast paced realty development in Coming 3-5 Years.

The Times Of india:-
With futuristic growth opportunities, improving infrastructure, and good transportation facilities, Faridabad has emerged as a playground for some of the most distinguished and prominent real estate developers, against stiff competition from neighboring realty hot spots like Gurgaon and Noida-Greater Noida.
Developers like BPTP, Puri Construction, Assotech, KLJ Town Planners, RPS, SRS, Omaxe, etc, have launched housing projects here with some even in the process of delivering the units. Other realty majors like Assotech Ltd, Gardenia Group, and TDI are also planning to come up with integrated township projects here.
Why invest in Faridabad
An old industrial township, Faridabad continues to attract an increasing number of large- and medium-scale real estate developers and promoters.
The growth rate of population here has been very rapid during the last three decades; the NCR Regional Plan estimates that the city is likely to have a population of 21.3 lakh by 2021. Keeping this in mind, the town and country planning department of Haryana has prepared a 20-year development plan for the entire city, even as Huda acquires land for the developing sectors in Faridabad.
All this translates into a great opportunity for developers and builders to bring modern residential projects with all the lifestyle amenities to this place, as the demand for such products is gaining ground here.
Apart from all this, the forthcoming 1,483km-long Delhi-Mumbai Industrial Corridor (DMIC), a mega infrastructure project of the central government in collaboration with Japan, coming up in the vicinity, an industrial model township (IMT) over 1,750 acres and the developing area of Neharpar in Faridabad have all thrown up unprecedented opportunity for the realty sector to develop residential, commercial, institutional and entertainment projects in the area.
Future Realty scene

Neharpar area is developing as new realty hub of Faridabad. The area is spread in different sectors including Sectors 75, 76, 81, 82, 85 adjoining the Neharpar and near posh Sectors 14 and 15. It is expected to be the preferred site for people coming from different pockets of Faridabad and Delhi.
A number of developers like BPTP, Omaxe, SRS, Puri Construction, Universal Group, ORS Infrastructures, Iris Abode Pvt Ltd, and RPS have come up with mega projects here.
BPTP has nearly 2,000 acres of land bank here. The firm is already in the process of delivering its project like Park Floors, Park Grandeura, Princess Park, The Resort and Park Elite Floors in Faridabad.

Sandeep Bedi, the director (strategy and systems) of BPTP, says: “We have already fulfilled the promise of delivering 80% units sold up to 2009. Our company will have the distinction of delivering 6,976 units of residential and commercial property so far.”

Puri Construction’s Puri Pranayam in Sectors 82-85, KLJ Town Planners’ KLJ Espana, KLJ Greens and La Vista in Sector 77, Era Redwood Residency in Sector 78, Assotech Group coming with Buy Back Scheme in Plots, Villas & High Rises Apartments in 170 Acres land in sec 88 & 89 adjoining Expressway by Aug-Sep, 2013, SRS Group’s SRS Residency in Sector 88 and SRS Royal Hills in Sector 87, RPS Group’s Savana in Sector 88, Omaxe Group’s Omaxe Spa Village and Omaxe New Heights in Sector 86, SPR Buildtech Ltd’s Imperial Estate in Sector 82, Umang Realtech’s Summer Palm in Sector 86, Universal Group’s Universal Greens and Iris Abode Pvt Ltd’s Golden Tulip in Sector 63, etc, offer premium homes, villas and independent floors with facilities like shopping centres, recreational clubs, jogging tracks, kid’s parks, walking tracks, etc.

Infrastructural development
On the connectivity front, Reliance Infrastructure bagged a 66km-road project on a high-density traffic zone. It involves fourlaning of Gurgaon-Faridabad Road and improvement of Ballabgarh-Sohna Road on Build-Operate-Transfer basis.
The 165km-long Yamuna Expressway stretch of NH-2 (Faridabad to Agra) is also going to be widened. Reliance Infrastructure will execute this project, too, under DBFOT (Design, Build, Operate, Finance and Transfer) for widening the stretch from four to six lanes under NHDP Phase V. The cost of the project is Rs 2,945 crore.
Widening of NH-2 (Delhi-Agra Highway) is a part of the central government’s golden quadrilateral project. It connects major cities like Delhi, Faridabad, Ballabhgarh, Palwal, Kosi Kalan, Mathura and Agra. NH-2 is well connected with west,north and south Delhi and states like Haryana, Punjab Chandigarh, Himachal, and J&K.
The Delhi Agra Toll Road Pvt Ltd (DATRL ) road starts from Badarpur Border and ends before Yamuna bridge in Agra city. The 180km-long stretch covers Haryana and Uttar Pradesh. Commuters traveling between IGI Airport, Delhi and Agra can now take a new and convenient route via the 25km Gurgaon-Faridabad road. This route to Agra via Gurgaon would be cost effective, as the total toll for a car would cost Rs 196, compared to Rs 347 that is paid if one is travelling via the Noida toll bridge and the access-controlled Yamuna Expressway.
NH-2 is considered the most convenient route to take while travelling to places like Delhi, Mathura and Agra, for the international tourists. It touches cities and major towns like Delhi, Gurgaon, Faridabad, Ballabhgarh, Palwal, Hodal, Kosi, Vrindavan, Mathura, and Agra. The stretch covers tourist spots like Surajkund, Badkhal Lake,J agmohan temple, Shivling temple at Hodal, Banke Bihari temple, Radha-Krishna temple, Radha Kund, Kokilvalam Dham, Shani temple and ISKON temple.
Sudhir R Hoshing, the CEO of Reliance Infrastructure Limited, says: “Delhi-Agra stretch connects industrial centres like the Gurgaon IT hub, Faridabad, Mathura Refinery Plant, etc. The work for this project involves construction of new structures and renovation of existing ones. This includes 16 flyovers, two overpasses, 14 vehicular underpasses, eight bridges on service road, and 10 pedestrian underpasses. At present, there will be two toll plazas on the DA stretch; one at Palwal and other at Mathura. The traffic on this corridor will be nearly 20,000 vehicles per day. The traffic density is expected to double in the next eight years. Apart from toll collection, these toll plazas will also act as response centres during emergencies like accidents.”

Metro link

The Metro network is expected to be extended to Faridabad soon, with feeder and interlinking services with the Regional Rail Transit System.

Local connectivity

Badarpur flyover has put an end to the congestion at the Badarpur border and is offering a hassle-free journey to Faridabad; with corporates heading to Faridabad, given the high rates in Delhi, this flyover will be a boon for office goers.

Earlier, the traffic load on this stretch was more than 70-80 thousands vehicles a day and the existing infrastructure was incapable of handling such a huge volume. As a result, the stretch faced frequent traffic jams. The 4.4km-long elevated six-lane Badarpur flyover, which connects Delhi to Sector 37 in Faridabad, has now put all those issues behind.
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9 Steps for Finding the Perfect Real Estate Agent

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One of the first things to do when buying or selling a house is to find a real estate agent – they will be your guide from start to finish. His or her training and experience will benefit you greatly in the long run. Finding the right one can be challenging though, so keep the following tips in mind when you’re agent-shopping.

Agent – courtesy

One – Licensed
The best agent is licensed. He or she has taken special courses to obtain their license. In these special courses, the agent learns many things about the law and the whole process of buying or selling a house. It really is best to work with REALTOR® (NAR) for instance, and not someone who is just doing it on the side.
Two – Look at Realty Signs
Drive around the neighborhood and look to see which real estate firm has sold houses. While any company may have numerous for sale signs up, you want the one that has sold on the sign. This means the professional is actively pursuing sales. He or she will be active in working with you, too.
Three – Ask Friends
One of the best ways to find a great agent is to ask friends who have recently bought or sold property. Asking these people who they worked with may result in both good and bad experiences. You may learn who to consider working with and who to avoid.
Four – Check the Paper
Look at the local newspaper to see who has property for sale. Furthermore, many papers will list property that has sold within the different ads. Again, this is proof that the person is really working at selling property. In addition, look at how the property is advertised. A professional REALTOR® will have great photos of the property.
Five – Check the Internet
Check local sources on the Internet. Similar to the newspaper, the agent may have listing up that has already sold. Read about their backgrounds. A property professional with an active educational blog or forum is busy looking for new business.
Six – Attend Open Houses
One of the best ways to meet real estate agents is to attend open houses. Act interested in buying the house and see how you are treated. This will be the same way they will treat customers looking to buy your property.
Seven – Call the Title Company
Some title companies will tell you who they like to work with. So a call to them never hurts. Make sure and ask them who they like.
Eight – Call Local Real Estate Lawyers
Like the title companies, some will tell who they like to work with. Others will not answer the question. It never hurts to call and ask and see what they say.
Nine – Interview
Once you have the choices narrowed down to two or three, arrange a personal interview with the finalists. Just like in other relationships, some relationships that should make sense just don’t work. Find the one that works best for you and your property will sell faster.
Selling a property can be a fun, educational and most importantly, profitable experience when you work with the right property expert. Take your time and see who is available. Then let them be your guide through this exciting time in your life.
Donna San Juan writes about personal finance and real estate. Her best work is about what it takes to earn an online masters in finance.

Manish Ranjan

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