| Haryana has experienced a real estate and property market boom in recent times. Being in close proximity to Delhi, the Indian capital has really benefited Haryana. Infact about a third of Haryana falls under the National Capital Region. The
total area of Haryana is about 44,212 square kilometers. The real estate and property market development of Haryana can be gauged by the look and vibrancy of cities such as Gurgaon and Faridabad. Gurgaon has already established as a boom town. It is known for its malls. The city is known for the presence of a large number of Information Technology, BPO and other IT-enabled services industries. Some IT related companies that have offices here are IBM, HCL, Alcatel, Dell and Hughes Software. It also has offices and industries related to automobiles. The two of the biggest names in automobile industry in India – Maruti Udyog Limited and Hero Honda have bases here. Needless to say, real estate and property prices in Gurgaon is in demand and expensive. Both commercial and residential real estate are highly attractive to real estate investors. Recognized property developers have developed high–end property to satisfy the demand. If you want an alternative to Gurgaon, Faridabad is a good choice for real estate investment. It is another city of Haryana that has been experiencing a property market boom. It already has its share of industries. Several nationally recognized real estate developers have entered the market in Faridabad. The property rates are still less compared to Gurgaon. The government has played its role in improving the infrastructure necessary to attract investment. This includes setting up of well developed industrial estates, banking facilities, communication network, etc. Haryana State Industrial Development Corporation (HSIDC) and Haryana Urban Development Authority (HUDA) are agencies that help improve infrastructure. One of the longest expressways in India, called Kundli-Manesar-Palwal (KMP) expressway, is to be constructed in Haryana. Haryana shares its boundary with Punjab, Himachal Pradesh, Rajasthan and Delhi. Being surrounded by states that themselves have developing real estate and property market, it is fair to say that Haryana will continue to have a vibrant real estate market.
More facts about Haryana Chandigarh is its capital city. Chandigarh also happens to be the capital city of Punjab. |
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