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Faridabad is a major industrial and residential city located in the state of Haryana, adjacent to the National Capital Territory of Delhi. It is part of the National Capital Region (NCR) and is the largest city in Haryana in terms of population.
Faridabad is a prominent industrial hub, home to a diverse range of manufacturing industries including automobiles, engineering, electronics, and consumer goods. Some of the major industrial areas in Faridabad include HSIIDC Industrial Estate, Sector 59, and Neharpar. The city has attracted significant investments from both domestic and multinational companies over the years.
In addition to its industrial focus, Faridabad has also seen substantial residential development in recent decades. The city offers a range of housing options, including apartments, independent floors, and plotted developments. Some of the popular residential areas in Faridabad include Sector 37, Sector 48, and Omicron.
Faridabad is well-connected to Delhi and other parts of the NCR region. It is linked to the national capital via the Delhi-Faridabad Expressway and the Delhi-Mathura Road. The city also has access to the Noida-Greater Noida Expressway, enhancing its connectivity. The Badhkal Lake metro station on the Yellow Line of the Delhi Metro provides direct connectivity to the national capital. Additionally, Faridabad is served by the Ballabhgarh railway station, offering rail connectivity to other cities.
Depending on the location, property type, and market conditions, investors in Faridabad can potentially expect a decent return on their investments, ranging from 8% to 12% annually in the form of rental yields or capital appreciation.