Friday, February 15, 2013

Neharpar - location to invest in Faridabad

Neharpar area promises as a residential sector for various developers and investors of the city that includes sectors 75-89 for owing to the availability of larger and cheap parcels of land, and the planned infrastructural expansion, the Neharpar area of Faridabad. Hence, there are many renowned developers who are willing to grasp the opportunity, coming up with their projects in the market. This has further allured many real estate investors and buyers.

Let’s take anexample of a user who wants to invest Rs. 30-35 lakhs in a residential property Faridabad. He pursuesproposition to invest in 'ready to move in' flat or a builder floor in the area. He also wishes to have knowledge in terms of upcoming forecasts and rental values of the area. He expressed his tendency towards investing in BPTP Park Elite Floors, sector-75-88, Greater Faridabad and needs to have some specialists to give the assistance on the same.

Giving answer to your query, a real estate expert said,"BPTP Park Elite Floors were launched at Rs. 16.08 lakhs. The floors are 3BHK built on 180 sq. yd. plots and 3 plus study on 250 sq. yds. plot. The stretchy options on 300 sq. yd. plots were also available. But now the resale is going on and the property is available on Rs. 6 lakh to Rs. 20 lakh premium depending upon the location, size and other features."

"Presently, there is no rental value as the Neharpar area is not that much populated. You can envision good rental after 3 years from now," he added. On the other hand, another user, “While looking at the quality, BPTP Park Elite floor demands premium is not defensible. There are several projects which are better placed considering the quality and deliverables; they are Omaxe, Puri and KLJ developers."

Besides if we look at the similar case, there is another user who is interested to buy a flat in developed sector of Neharpar area whichis also known as Greater Faridabad. He is also directing to capitalize within the budget of Rs. 25- Rs. 30 lakhs. He is looking for investment possibilities keeping in view the value for the money & capital accountability in coming future.

The proposed Badarpur flyover and the Metro are going to play a vital role in the development of the area; this will make buyers enticed to invest here. According to real estate experts, “presently, 90 per cent of investors are looking for long-term gains from Neharpar. The area will be able to fully grasp its potential in coming 3 years and will then be able to gain a monopoly in the market."

After discovering and authorising for residential population Neharpar area has been feverish and flourishing construction of high rise apartments and residential societies by real estate builders, attracting and enticing customers and investors both with expressively lower prices than other competing and forthcoming regions, promising an upscale and higher standard of living and lavish societies with significantly lower cost of living.