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The tripartite  deal made the city eligible for financial aid from the union ministry of Urban development the state government too promised rapid improvement in infrastructure these change in climate rise hopes all round and realty in farida bad begin to move ahead with wind behind its back.

Deepak Talwar, a NAREDECO- certified realty experts, attributes Faridabad's sluggish growth earlier, despite its potential, to the states Government's pro-Gurgaon policies in matter of development. According to him, "the city has tree mend hidden capacity of real estate development that will manifest itself now as the civic agencies are laboring hard to insure better infrastructure. Aa a result, various residential and commercial developments have taken places in recent time."

Truly Faridabad today can be proud of good residential developments as well as attractive malls that include SRS Multiplex, Parsvnath City Mall , Manhattan, Pristine City Mall, Vardhman Plaza, Crown Plaza and Crown interiors. The Last Named, recently launched, is the outcome of a joint venture between AerenR Enterprises & Crown Group and is specially designed for lifestyle and interior products. Over two Dozen malls are under construction, indicative of the high level demand of demand such shooping-cum-entertainment designation.

The general pace of residential development has also gained momentum owing the rising population in and around the city. Though 90% of the development in this segment is plotted development done by HUDA,a few private builders have also contributed their bit. Eros Group has developed Charmwood Village, a residential locality on Surajkund Road whereas Omaxe has built Omaxe Green Valley in Sector 42. M fordable land price is another significant growth driver. Consequently, the investors are getting increasingly interested.

Says Amit Raj Jain, Vice-President, BPTp,"Since neigbouring Gurgaon has come up to a saturation point in real estate and the prices there are beyond the reach of the masses, Faridabad has emerged as a good option especially I as affordability here is better than any I other NCR town."

Affordability apart, realty experts cite one more reason behind the thrust of development. Informs Talwar, "Recently the government has permitted change ofland use (CLU)for the tracts along Mathura Road where a number of factories, rendered sick, were lying abandoned. The uses of these spaces are now geared to the development of IT and commercial ventures. For example, Vatika Group is coming up with an IT Park and Realtech is constructing a commercial tower over there."

These developments will, in his opinion, have a positive impact on the development of Faridabad's residential and commercial zones.

New Activity Zone

New activity zone prospects of saturation looming large within the main city limits have forced the government to open a vast tract of land on the other side of Agra Canal as another centre for residential and commercial growth.

Locally known as Neher Paar, this  Greater Faridabad area is being developed beautifully by several big and small builders for both housing and business purposes. Among them are BPTP,SRS Uppals, Omaxe, Puri Constructions, Shivsai Group, Era Landmarks and RPS Group. The projects are lavish but not too expensive. In the Faridabad Master Plan 2021, Haryana government has allowed new sectors of Greater Faridabad to be developed as multi-storied residential area.