Greenfield property market: An overview

[ecis2016.org] Greenfield, located just 3 kilometres away from Surajkund, Faridabad, is experiencing fabulous growth in terms of its property market

Greenfield, in Faridabad, is spread over 434 acres of land. Having approximately 3,713 plots, the area is emerging as a realty hotspot and this has put the Greenfield real estate market next only to Noida and Gurgaon, in terms of growth. The Urban Improvement Company (P) Ltd and many other developers are promoting this colony along with its many extensions, like Green Park and Green Park Extension.

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With various facilities such as schools, hospitals, parks, multiplexes, shops and other social and civic amenities, Greenfield has emerged as an attractive area for the investors who are willing to develop or buy properties in the area. The nearby metro station, railway station and international airport, ensure that the area is well-connected to other localities, towns and cities. Moreover, the area is only a few kilometres away from the major commercial centers of the National Capital Region.

Some of the well-known developers and builders in Greenfield include Iscon Properties & Developers and Valmax Constructions Pvt Ltd.

Read also : Home loan rate cut and sops: Immediate cheer but can it revive the sector?

Connectivity with nearby Greenfield localities

• Badarpur metro station is just a 4 minutes’ drive from Greenfield.
• The area is only 3 kilometres away from the Delhi border.
• Indira Gandhi International Airportis the nearest airport, which is situated at a distance of 32 kilometres from the area.
• Faridabad railway station is located at a distance of only 8 kilometres from

Read also : Home loan rate cut and sops: Immediate cheer but can it revive the sector?

Employment hubs near Greenfield

Greenfield is situated 21 kilometres away from Connaught Place, which is known as one of the largest commercial, financial and business centers in New Delhi.

Read also : Home loan rate cut and sops: Immediate cheer but can it revive the sector?

Schools in Greenfield and other social amenities

Leading schools in Greenfield include Greenfield Public School and Millennium Kids Play, Pre and Nursery School. Further, the area has 25 parks, 5 acres of water bodies and land allotted for 11 schools, clubs, movie halls, shopping complexes, post and telegraph sites and maternity centres and hospitals. Apollo Hospital is one of the best hospitals in Greenfield.

Read also : Home loan rate cut and sops: Immediate cheer but can it revive the sector?

Price trends in Greenfield

Read also : SBI, ICICI hike benchmark lending rates by up to 0.2 per cent

The current property rate is around Rs 5,386 per sq ft on an average.

Read also : Home loan rate cut and sops: Immediate cheer but can it revive the sector?

Reasons to invest in Greenfield

Considering the price trends in Greenfield and good electricity supply, proper street lights, wide road network and sewage system, the area definitely makes for a good choice, as far as property is concerned. Various upcoming projects and new developments, along with the presence of some well-known educational institutions, hospitals and many recreational parks, make the place an ideal residential zone. However, as Greenfield is located on mountainous and rocky terrain, the underpass is the only way to connect to NH-2, which normally gets flooded during rains. Apart from that, various facilities make the place an ideal proposition for fetching substantial profits in future.

Check Properties at Greenfield

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Category: Lifestyle