Friday 13 December 2013

Faridabad: The city of GEN-X professionals and home owners


Written By: Sanya Kaushik

Up until as recently as a decade ago, Faridabad was the Indian edition of an old horse town, tumbleweed running across dusty, half-built roads; miles away from civilization, almost entirely devoid of the human touch. Today however, it has transformed into a commercial and residential hub of Delhi NCR.

The top builders of North India, like BPTP, Supertech, Omaxe, Paramount, Parsvnath, Bestech etc, had, up until now, limited their construction activities to Delhi, Gurgaon and Noida. These areas were the golden geese of the 21st Century real estate industry. Faridabad was almost written off as a financial death trap, a place that may never amount to anything other than an ephemeral homestead for those who couldn’t afford to live in the metro city.

It was the evolution and development of the infrastructure that illuminated the immense latent potential for development in Faridabad. It was like someone suddenly put Faridabad under a blinding light, and all the hitherto hidden possibilities revealed themselves to the real estate artists of our generation.

Today, Faridabad has a network of roads and railway lines that is unmatched to a great extent. The Delhi-Agra National Highway No. 2 passes straight through the center of the city. It also has major railway stations like Old Faridabad and New Industrial Township. There are several socially significant places like the Nahar Singh Stadium (seating capacity of 25,000) and the Khel Parisar sports complex.

Faridabad is also the industrial hub of India, playing host to reputed companies like Birla VXL, Yamaha, Escorts Group, Mahindra Defence, Havell’s, Whirlpool, Khaitan etc. The residential component of Faridabad has come up very recently, with developers like BPTP, Supertech etc launching several large-scale luxury projects in some of the most superb localities of Faridabad.

One of the latest projects in Faridabad is BPTP’s Park Elite Floors II, a new residential community coming up in Sector 75, 82 and 85. It is a low-density, mid-income housing project, comprising of opulent 3 BHK and 4 BHK independent floors.

This is only one of scores of gorgeous residences that Faridabad has to offer to contemporary home owners. In a few years, Faridabad is going to be one of a futuristic mega-city, with some of the best homes and offices spaces in the country.

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