Neharpar also known as Greater Faridabad is a micro market which is nestled between Noida, Gurgaon and Delhi. This area falls under the planned development category. Sectors 75 to 89 are a part of the Neharpar area. The area is known as a hub for affordable housing in the Delhi NCR region. Projects in Neharpar squarely target the middle class buyer especially those who are working out of Delhi, Noida and Gurgaon but cannot afford to purchase homes there.
There are a slew of infrastructure projects which are coming up in Neharpar. There is the Kundli-Manesar-Palwal (KMP) expressway which will connect Neharpar to Sonipat (Kundli), Gurgaon, Palwal, and Bahadurgarh. A 3 kms flyover between Delhi and Faridabad is almost complete and will help in easing congestion along this stretch. The new Master Plan for Faridabad proposes to increase the number of sectors in Faridabad to 171 for the existing 101. Most of these new sectors will come up in Neharpar. The Haryana Urban Development Authority has also planned to improve the connectivity within Neharpar with a series of sector roads at a cost of INR 10 crores. These are some of the reasons why properties such as 3 BHK apartments in Neharpar are in demand.
Besides these projects, there is one other development that will have a major impact on the realty prices here. Faridabad is set to get Metro connectivity through a line from Badarpur to Faridabad’s YMCA Chowk. This project is expected to be completed by September 2014 and it would cost the government INR 2,494 crores according to reports. The project will cover a distance of 13.875 kms and will have nine stations. Once this metro comes into play, those living in Faridabad and Nehrapar will be able to reach important commercial and industrial areas all over Delhi with ease. Metro lines not only bring in enhanced connectivity, it also increases the going rates for properties. A property could easily appreciate by 20 to 30 % over time if it is within a 2 kms radius from a metro station. Projects in Nehrapar will benefit from this metro connectivity.
The going rate for properties such as 3 BHK apartments in Neharpar is between INR 2500 to INR 4000 per square feet. Builders such as Omaxe Group, BPTP, Puri Constructions and Era Landmarks have big projects here. Though Neharpar is known for its affordable prices, there are projects present here which can cater to the high end segment. Individual houses, villas and row houses are present here. There are still large parcels of land available here. BPTP has in fact acquired 2000 acres of land here and is constructing a project called BPTP Parklands. This project is spread across 1,706 acres.
Most of the infrastructure projects here would be completed within a time period of 2 to 3 years according to recent reports. Once these developments kick in, the rates for projects in Neharpar would appreciate. So keeping all these factors in mind one can purchase properties in Neharpar confidently.
Author Bio:
Sulabha Kulkarni is a freelance writer and an avid blogger, following the property in greater noida, flats for sale in greater noida and real estate sector closely for many years. Her areas of expertise are finance and real estate sector in India
There are a slew of infrastructure projects which are coming up in Neharpar. There is the Kundli-Manesar-Palwal (KMP) expressway which will connect Neharpar to Sonipat (Kundli), Gurgaon, Palwal, and Bahadurgarh. A 3 kms flyover between Delhi and Faridabad is almost complete and will help in easing congestion along this stretch. The new Master Plan for Faridabad proposes to increase the number of sectors in Faridabad to 171 for the existing 101. Most of these new sectors will come up in Neharpar. The Haryana Urban Development Authority has also planned to improve the connectivity within Neharpar with a series of sector roads at a cost of INR 10 crores. These are some of the reasons why properties such as 3 BHK apartments in Neharpar are in demand.
Besides these projects, there is one other development that will have a major impact on the realty prices here. Faridabad is set to get Metro connectivity through a line from Badarpur to Faridabad’s YMCA Chowk. This project is expected to be completed by September 2014 and it would cost the government INR 2,494 crores according to reports. The project will cover a distance of 13.875 kms and will have nine stations. Once this metro comes into play, those living in Faridabad and Nehrapar will be able to reach important commercial and industrial areas all over Delhi with ease. Metro lines not only bring in enhanced connectivity, it also increases the going rates for properties. A property could easily appreciate by 20 to 30 % over time if it is within a 2 kms radius from a metro station. Projects in Nehrapar will benefit from this metro connectivity.
The going rate for properties such as 3 BHK apartments in Neharpar is between INR 2500 to INR 4000 per square feet. Builders such as Omaxe Group, BPTP, Puri Constructions and Era Landmarks have big projects here. Though Neharpar is known for its affordable prices, there are projects present here which can cater to the high end segment. Individual houses, villas and row houses are present here. There are still large parcels of land available here. BPTP has in fact acquired 2000 acres of land here and is constructing a project called BPTP Parklands. This project is spread across 1,706 acres.
Most of the infrastructure projects here would be completed within a time period of 2 to 3 years according to recent reports. Once these developments kick in, the rates for projects in Neharpar would appreciate. So keeping all these factors in mind one can purchase properties in Neharpar confidently.
Author Bio:
Sulabha Kulkarni is a freelance writer and an avid blogger, following the property in greater noida, flats for sale in greater noida and real estate sector closely for many years. Her areas of expertise are finance and real estate sector in India
