Latest Property News on 'Faridabad'

Piyush Group launches Rs 210crore IT project

Real estate developer Piyush Group will be launching its commercial IT unit named ‘Global i’ in Faridabad. The ambitious Rs 210 crore project will be spread over 3 lakh square feet and it is expected to be ready by 2010. Following the procurement of the Letter of Intent and sanction of the construction plan, work has commenced on this project. “Faridabad is a relatively untapped commercial market and its easy accessibility from Delhi makes it a lucrative investment option for domestic as well as multinational companies. The tremendous initial response that Global i has garnered shows that this hitherto unknown city is on its way to become a major IT hub of NCR. Two floors of this six-storied park have been sold-out even before construction started.” said Mr. Anil Goel, Chairman, Piyush Group.

Designed by renowned architect Hafeez Contractor, Piyush Group’s ‘Global i’ has been designed on an eco-friendly pattern and provides for an infrastructure platform that is customized to meet all the needs of the IT industry. Apart from state-of-the-art offices, this IT unit of Piyush Group also boasts a 3 level basement parking system, a spacious cafeteria as well as a health club and spa. “We are also planning to set-up five well-equipped Service Rooms within the park so that visiting guests of the tenant companies have a comfortable place to stay.” Mr. Goel added. A 12% return on investment has also been assured for 9 years to attract more investors for this project.

Developments of Fast Growing Faridabad at a Glance

Faridabad is located amidst lush greenery in proximity to the historical Tughlakabad Fort and the ancient ruins of Surajkund. With real estate in NCR touching new highs, Faridabad tightens its grip at its position of being a growing satellite town especially if residential investments are taken into view.

Faridabad properties possess great potential which has been tapped mainly because of the real estate developments in surrounding areas of NCR. Builders have made a beeline to make a killing as the city is now a major focus area for HUDA. Read More »

The Changing Face of Faridabad

A new boomtown of Haryana where the demand for real estate is ever increasing is none other than Faridabad. Since almost more than two years now this industrial city has been the numero uno destination for all property seekers.

The strategic location of Faridabad also furnishes it with enormous advantages. Being in vicinity to the Capital City, it attracts attention of people looking towards shifting in fast flourishing and attractive place. Read More »

MWS to Develop Residential Complex in Faridabad

Mariners Welfare Society (MWS), a Delhi based Construction Company having expertise in residential projects and offering housing solutions to the Seafaring Committee is soon to come up with its new project ‘Mariners Paradise’ in Faridabad.

The government of Haryana had separated the sectors 70 to 90 as a residential zone in 2005. On completion, the area will be included in South Delhi and will enjoy the benefits of being located in the proximity to all major residential complexes of NCR. Read More »

Changing Face of Faridabad

Faridabad has a multitude of multinational companies and small industrial units, yet the city appears to be a neglected part of the National Capital Region (NCR). Although, the development activities in Faridabad is moving at snail’s pace but it will surely emerge as the hub for commercial as well as retail spaces.

Faridabad has been catering to the residential requirements of over 11 lakh people, and more than Rs. 3,000 crore are to be invested on its major facelifts by the year 2010. As such, Faridabad residential property has been grabbing the attention of more and more people. Situated in proximity to the Capital city, Faridabad enjoys several advantages. With soon to come up Badarpur –Noida express highway, the city would improve its connectivity to Noida as well. Read More »

Faridabad – the next hottest destination of NCR

Better known for its annual Suraj Kund Mela and perhaps the Badhkal Lake, Faridabad chose to step aside and allow neo-cities Noida and Gurgaon to hog the limelight in the last few years. Content with its status as an industrial and residential satellite town for those who could not afford Delhi land rates, Faridabad made no attempt to woo the IT and MNC s setting up base in its neighborhood.

Real estate in Faridabad has thrived in spite of this indifference. In fact, Faridabad is being touted as NCR’s hottest property as new areas of land and improved connectivity with other cities is being strengthened. Read More »

Faridabad on Progress Path with its Development Plan

After Gurgaon development plan, it is Faridabad next to witness its makeover. All issues causing hurdles for this ambitious Rs. 2,200 crore City Development Plan (CDP) have been cleared thereby ensuring a smooth passage for upcoming improvements.

The Union Government, State Government, and Faridabad Municipal Corporation have entered into a tripartite agreement on 22 December at a meeting in New Delhi. This makes the city eligible to receive the financial aid from the Urban Development Ministry and the state government for bringing a mark improvement in its infrastructure over the next few years. Read More »

Why Just Faridabad Property?

One reason standing for the success of fast developing Faridabad can be discussed from development viewpoint. With excelling in industry, better medical facilities and better infrastructure, anyone can look forward to new Faridabad in approaching years.

Faridabad, enjoying the status of being industrial heart of Haryana, has grown enormously in the past few years, chiefly because of a large number of industries have come up in the town. Read More »