Once identified primarily as an industrial city, Faridabad today is rewriting its real estate story to emerge as a new-age realty destination. Riding high on massive infrastructure development and fast-paced connectivity with Delhi , Noida and Gurugram, Faridabad is witnessing its transformation , marked by luxury ,lifestyle-oriented residential, commercial, retail and hospitality developments . This evolution as a lifestyle-oriented urban centre, is opening up new opportunities for real estate developers, property buyers and investors.

Vinod Behl

Connectivity is turning out to be the biggest catalyst for Faridabad’s changing fortunes.New and upgraded road corridors together with growing metro and RRTS connectivity, are forging Faridabad’s stronger links with Noida and Gurugram. Major infrastructure projects such as Noida International Airport, Delhi-Mumbai Eway, The DND-Faridabad-Sohna Access-Controlled Highway, FNG Eway, Namo Bharat RRTS Extension and Delhi-Faridabad- Ballabgarh -Sohna 6-lane Greenfield Road , are set to seamlessly integrate Faridabad into the core NCR grid. This is bringing previously undervalued locations into spotlight and today Faridabad’s old established neighbourhoods along with new luxury lifestyle developments have become a part of the city’s growing lifestyle eco-system. Top-tier civic and community facilities under Faridabad Master Plan 2031 and Smart City Mission are fuelling the city’s transformation.

That Faridabad has evolved as a new age real estate destination, is evident from not just its physical infrastructure but also strengthening social infrastructure. Today it boasts of prestigious schools like Shiv Nadar, Modern DPS, Shriram Millennium, Ryan International . Manav Rachna International and DAV Public School.With premier hospitals like Marengo Asia Hospital , Fortis Escorts Hospital,Amrita Hospital , Metro Heart Institute and Batra Heart & Multi Speciality Hospital,the city has a strong healthcare infra. Faridabad’s retail real estate landscape is marked by modern shopping malls like The Mall of Faridabad, Crown Interiorz Mall, City Life Mall, World Street, Crown Plaza Mall, PVR Pacific Mall, Pristine Mall. The hospitality sector has made strides with several five star , four star and upscale hotels including Taj Surajkund, Radisson Blue, The Lalit Mangar, Park Plaza, Delite Sarovar Portico and Ginger hotel making Faridabad their home.

The transformation is particularly visible in Greater Faridabad, including the Neharpar belt, and in established premium neighbourhoods such as Surajkund and Charmwood Village where residential townships, high-rise apartments, plotted projects , mixed-use developments , organised retail and hospitality are upping the city’s real estate quotient. The relative affordability and strong connectivity has opened up new avenues for both residential and commercial real estate.Well known national level developers are betting big on the Faridabad opportunity by launching high ticket upscale projects to meet the rising demand for luxury lifestyle developments. With this, Faridabad’s growth story can no longer be defined as merely a spillover market for buyers priced out of Gurgaon and Noida. Rather, the city has been increasingly establishing its own identity as a potential NCR destination, promising quality living to those who aspire for luxurious modern lifestyle.

Mohit Goel, Managing Director, Omaxe.aptly describes Faridabad’s ongoing transformation,” Faridabad is transforming from a neglected peripheral market into major integrated urban extension in the Delhi-NCR region. Omaxe is actively scaling up its presence in the region, capitalizing on the rising demand for upscale housing and commercial real estate”.Omaxe has already delivered its highrise residential project ,’Omaxe Heights’ in Sector 88. Spread across over 30 acres, it has about 1800 units of 2,3 and 4 BHK. Omaxe’s landmark mixed-use project , Omaxe World Street’ spread over 50 acres in Sector 79 has given a new identity to Faridabad. Part of a larger 430-acre central business district and designed with globally famed street-scape architecture, this iconic project is conceived to have retail, entertainment, dining, banquet, commercial spaces and serviced suites.Early this year Omaxe Residences were lapped up and company’s commercial project’The Grand Europe generated overwhelming response. Going forward . Omaxe will come up with a lifestyle mall, multiplex and a hotel .

BPTP has a major presence in Faridabad’s residential market, particularly in Greater Faridabad, with a number of completed and ongoing projects across different price points. The oldest of these projects- BPTP Parklands, an integrated master-planned township spanning across multiple sectors including Sector 75,76,77, 80-89 ,has been delivered while some newer expansions and phases are under construction. BPTP The Deck in Sector 82 duplex residences in gated enclave has also been delivered. Its new launches include BPTP Sky Nest Towers – an IGBC Platinum pre-certified luxury highrise apartments project designed by a Singapore architect and BPTP Vana plots in Sector 80.

Godrej Retreat , a 44-acre gated low rise residential plotted community in Sector 83 by Godrej Properties offers ready-to-move resort-style plotted lifestyle developments with extensive greens and recreational zones. Faridabad has ushered into theme-based residential developments with NeoLiv , promoted by Mohit Malhotra, ex-MD & CEO of Godrej Properties, constructing premium golf-themed luxury integrated township across 62 acres in Sector 98-99A. It is offering plots and ultra luxury 3-4 BHK villas and boutique low-rise floors with modular set ups will also be in the offing.Puri Constructions, Eros Group and other prominent developers have also contributed to develop premium residential communities with projects like Eros Charmwood Village in Surajkund, boosting the upscale housing market.

Delhi- NCR based Bhumika Realty has revolutionised the Faridabad real estate with the pre-launch of an iconic project-The Icon. This highrise flagship mixed-use development is one of its own kind. Coming up on Mathura Road in prime sector 27 of Faridabad , it offers 88 low-density 3 BHK plus study luxury lifestyle apartments. Designed by renowned Bentel Associates International/DP Architects, it integrates high street retail, a full-fledged shopping mall and multiplex, fine dining and a hotel. The project has been lapped up in pre-launch stage with 60 apartments already booked. Also, ICON has secured 1 lakh sq ft of retail leasing with prominent brands. Bhumika Realty has acquired land in multiple sectors in Faridabad and is coming up with more projects including a plotted development in Sector 114 . Says Uddhav Poddar, Chairman and Managing Director, Bhumika Group, ” Our investments reflect our long-term confidence in Faridabad’s growth potential . With over INR 550 crore invested in the past 12 months , we expect our cumulative land investment in the city exceed INR 1000 crore by March 2027. we remain focused on building a diversified real estate portfolio through institutional partnerships and disciplined execution”.

Amid all this action in Faridabad’s real estate market, one can clearly say that Faridabad is now in the league of Gurugram and Noida with luxury lifestyle resedential developments commanding high price. Though INR 9000- 10000 per sq ft is a sweet spot , newly launched projects like BPTP Skynest and Bhumika Icon command a price of INR 14000 per sq ft and INR 13500 per sq ft respectively. ” Considering the high demand for iconic luxury lifestyle properties, at the time of delivery by 2030, we expect the appreciated price to touch INR 25000 per sq ft”, says Uddhav Poddar.

Considering the rising aspirations and growing interest of property buyers in lifestyle-led housing ,Faridabad will continue to evolve as an organised lifestyle destination offering a mix of mid -priced and high-end housing besides ultra-luxury commercial ecosystem of global standards , with investment opportunity extending beyond residential and commercial to hospitality, F&B and entertainment.