Situated in Faridabad, Neharpar or Greater Faridabad is a popular realty investment destination of the city. In recent times, many infrastructural developments have boosted the property market of this area leading many home buyers to invest in residential projects here.
Neharpar is recently developed locality of Faridabad with a mix of both industries as well as residences. While industries fall in sector 66-74, 74; residential sectors start from sector 75 and end at 89.
The locality enjoys smooth connectivity to other NCR areas like Delhi, Gurgaon and Greater Noida. Metro corridor that links Delhi with Faridabad is just 2 km from Greater Faridabad. Also, Gurgaon-Faridabad road connects this locality to major areas of Gurgaon. Along with this, the newly inaugurated Kundli-Manesar-Palwal (KMP) Expressway has further added feathers to the connectivity of the area to adjacent NCR areas like Palwal, Manesar etc.
The Haryana Govt is also working on many proposed projects that will further bring a boom in the property market of Neharpar.
Greater Faridabad is home to well-developed modern and wider roads, affordable as well as luxury residential project and leading industries. The locality also houses popular hospitals, educational institutions, malls and entertainment centers in the vicinity.
Properties in Neharpar
Neharpar is a mix of both budget-friendly as well as hi-end residential projects. Also, one can easily avail 1, 2 3 BHK apartments and residential plots available in various sizes and formats. Being a newly developed area, the government, as well as developers, has maintained ample greenery, large open spaces in each and every housing project as well as the surrounding areas.
Talking about the industrial sectors, presence of leading companies like Havells, Yamaha etc. has made an impact on the overall real estate market of the Greater Faridabad.
Neharpar: Rate and Trend
As the area is developed later and is much younger than older sectors of Faridabad city, the property rates here are much affordable. A home buyer can easily afford a luxury apartment or a duplex at much lower costs as compared to flourishing sector-21, 15 etc.
At present, the average property price in Neharpar revolves around is Rs 3,435 per sq.ft. While the minimum is Rs 2,742 per sq.ft., the maximum property price goes to Rs 4,127 per sq.ft. However, the pace with which developmental works are going on, the property price will definitely increase in coming future, an expert suggests.