Stories
Why Faridabad is Emerging as NCR's Next Big Real Estate Hub
M
Moneycontrol•17-10-2026, 15:26
Why Faridabad is Emerging as NCR's Next Big Real Estate Hub
- •Faridabad is attracting renewed interest from real estate developers and institutional investors due to planned connectivity to the Noida International Airport at Jewar and comparatively lower property prices.
- •Housing.com data shows average residential prices in Faridabad at over Rs 9,000 per sq ft, offering a more affordable alternative to Noida and Gurugram.
- •A key catalyst for growth is the 31.42-km greenfield corridor connecting Faridabad to Jewar airport, backed by a revised project cost of Rs 3,630.77 crore approved by the Union Cabinet.
- •Institutional backing is growing, highlighted by Blackstone-backed ASK Property Fund committing Rs 125 crore to a plotted development project in partnership with Bhumika Group.
- •Experts note that Faridabad's future success as a prime residential hub depends on timely infrastructure delivery, increased job creation, and the enhancement of social amenities.
Key Questions Answered
According to Housing.com data, average residential prices in Faridabad are slightly above Rs 9,000 per sq ft in 2026, marking a 17.08 per cent increase year-on-year.
The Union Cabinet approved a revised project cost of Rs 3,630.77 crore for the 31.42-km greenfield corridor in March 2026, with about 11 km planned as an elevated highway.
In August 2026, Blackstone-backed ASK Property Fund committed Rs 125 crore to a 20-acre plotted development in Faridabad under a Rs 500-crore platform with Bhumika Group.
