Changing Face of Faridabad

February 16, 2007	(2 votes, average: 4.5 out of 5)  Loading ...
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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.

Faridabad real estate is seeing appreciation in wake of emerging retail spaces and other construction activities. A number of malls and multiplexes are coming up in the area. Apart from the existing malls like Crown Plaza and PVR SRS malls, there are ten other malls to come up soon. Of this, there would be functional in a short span of time.

Rupa Construction’s Pristine Mall, Parsvnath Group’s mall Manhattan and city mall, Eros Group’s EF-3 and East Square Mall will be functional in a few months time. As for other malls like Crown Interiors (owned by Crown International), Vardhman Group and Sewa Builders will come up by the next year’s end.

One of the most prominent names in Indian real estate, SEWA Group, is setting up a mall and a three star hotel having 40 rooms on an area of 3 lakh sq. ft. Following in footsteps is Vardhman Group, that too is coming up with an exclusive mall in an area of 1 lakh sq. ft, while the mall Destination Point owned by Senior Builders is getting renovated.

Submitted by Seuli Bhattacharya

News Published Under:   Faridabad, Members Contribution |

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