This township is spread in sectors 75, 76, 80, 81, 82, 83, 84, 85, 88 and 89. When completed, it will include residential and commercial spaces. According to the group, Princess Park will have meticulously designed flats for the middle class whereas Park Grandeura is to provide spacious and luxurious apartments with 2,3&4 bedroom ,options. Eighty percent of the area is going to be green.

The Princess Park project is already sold out but properties at Park Grandeura and The Resorts are still available at the rate of Rs. 2,150 psf and Rs. 2,250 psf respectively.

Uppal Housing has announced a Rs. 250-crore group housing project, called "The Jade," in Sector 86. It will have multi-storied condominium hOllsing about 700 units and provide an affordable range of 2 or 3-bedroom premium apartments. According to Manish Uppal, MD, this project will cater to the demand of service class at MNCs, IT &ITes, and BPO sectors in the National Capital Region. Commanding a price ranging from :8 Rs. 30 lakhs to Rs. 50 Lakhs, these apartments will have swimming pool, health clubs and double layered parking with 60% green area.

Puri Constructions, targeting the salary earners and the high net worth income group simultaneously, is coming up with "The Pranayam:' a residential project in Faridabad's 82 and 85 sectors on two million sq. ft. of land. Among the facilities offered are a swimming pool, a club and a high school. The 3 and 4-bedroom flats have rates varying from Rs. 2,250 to Rs.2, 500 psf.

SRS Real Estate Ltd is another developer of this region which is constructing SRS Residency in Sector 88. Twelve residential towers having 1008 flats are to be built. The living units are priced Rs. 1,900 psf in Gold Class category and Rs. 2,100 psf in Platinum Class.

One of the oldest construction groups in Faridabad, SRS,also runs a mall-cum-multiplex in Sector 12 and claims it is sP7bding more than Rs. 215 crores on this project.

Omaxe Group, a Delhi-based major, is developing Omaxe Heights and Omaxe Spa Village in the new sectors. While the former is already sold out, the housing units in the latter, a luxurious high-end project in Sector 78, are currently available at Rs.2,502 psf. The condominiums will be equipped with ultra-modem architecture and interiors, and the residents will have facilities of a clubhouse, swimming pool and a spa of international quality.

Meanwhile, Era Landmark Group is developing Redwood Residency with 2-3 BHK options in Sector 78, Shivsai Group is raising Ozone Park in Sector 86 and RPS Group is coming up with its project RPS Grand Sawana comprising 2-3-4 BHK apartments and penthouses in Sector 88.

However, according to realty experts, though most of the projects in these sectors are under construction, the undertakings of only three developers, BPTP,Omaxe and SRS,would be completed by 2009.

Commercial developments

At present in the new sectors of Greater Faridabad, BPTP is developing "The Next Door," an office-cum-commercial complex, in Parklands, its town ship under construction, while SRS Group is constructing SRSshopping plaza in Sector 88.

In the entire Faridabad, approximately 10lakh sq.ft. of mall space is estimated to come up by the end of 2009 in the form of 40 malls, out of which 20to 25 are expected to come up in the new sectors only.

As far as quality office space is concerned, not much is happening in the new sectors. In fact the whole city, old and new, is suffering from a shortage on I this count. But demand is soaring.

Price comparisons

A comparative study of prices will show how Greater Faridabad still offers cheaper options than in Delhi and other parts of NeR.In South Delhi,the price of land ranges from Rs. 3 lakhs to Rs. 4 lakhs per square yard In Faridabad's new sectors, the plots are available at the Rs.13,000-Rs. 18,000per square yard range. By contrast, in Noida and Gurgaon, the plots fetch anything between Rs. 70,000 and Rs. 90,000 per square yard and the prices of flats come between Rs. 50 lakhs to Rs. 80 lakhs, whereas, a 3-bedroom group housing flat can be purchased in new sectors of Faridabad I for as lows Rs.30lakhs.

According to an estimate, around 10,000 flats would be ready by 2011 in Faridabad's new sectors. But infrastructure developments in this area are proceeding at a slow pace. And owing to this lacuna, the rates of different types of accommodation in various residential schemes are really going up in the way they do in other parts of NCR.