The real estate boom in India has triggered many dormant areas to become super active. Surajkund is currently in this activation phase and is ready to cross the threshold to emerge as a real estate destination. This boom is reinforced by the relaxation of Foreign Direct Investment (FDI) in the real estate and construction sectors. Also, the retail segment has opened the doors for the Indian commercial real estate sector. Faridabad is fast becoming the next popular destination for expanding development activities. The pace of real estate growth is expected to pick up as more and more companies opt for Surajkund. The city has become a major investment destination due to its proximity to Delhi and also due to rising real estate values in Gurgaon and Noida.
Faridabad has traditionally been an industrial city, with 300 large and 10,000 small units and the Haryana government’s new model industrial municipality. However, the industrial city of Faridabad is now noticing new residential developments, especially in the 30-acre village of Surajkund. Surajkund, already known for its international Mela, is now a residential delight for many. The Surajkund mela was launched in 1981 by Haryana Tourism and is held in the month of February 1-15 every year. This craft Mela (fair) serves as a gathering place for talented artists, painters, weavers, sculptors and artisans from all over India who display handicrafts in the typical setting of an Indian rural market. The place is visited by numerous national and international tourists and the footfalls seem to multiply every year.
green environment
Away from the hectic and congested life, Surajkund offers an atmosphere like no other place in Delhi. The place displays a sense of peace and a traditional touch that all the locals of Delhi envy. People are choosing Surajkund for its peaceful natural surroundings. Renowned developers are introducing projects of municipalities in the localities of Surajkund and its surroundings. The first township project near Surajkund is Charmwood Village by Eros Group covered in the area of 65 acres. Omaxe, Ansals are also installing their residential projects.
These attractive municipalities are enough to meet the needs of the people. Bungalows, apartments and villas are available here with all the modern conveniences. Residential property rates range from Rs 6,500 to Rs 8,000 per square foot. Rent is around Rs 20,000 for a 2 BHK flat and varies by size and type. Ansal and Crown Plaza feature lavishly designed shopping malls offering children’s entertainment and hospitality, along with other commercial and residential projects. Many other residential projects are in the pipeline and will soon be launched.
infrastructure developments
The social infrastructure is also developing at a fast pace to support the physical infrastructure in Surajkund. All the schools and educational institutes of national and international base have risen in the periphery to benefit the students with a pollution-free environment. MNV Public School, Delhi Public School and Manav Rachna School are to name a few. Transportation is also gradually improving with the Delhi bus stand just 1 km from the Surajkund. Local rickshaws and autos are also available for connectivity within the city.
Surajkund property price has risen three times in recent years. Planned infrastructure, big brand municipal projects, proposed metro in main Faridabad and rising real estate prices from other cities, Haryana government involvement in overall development of Surajkund make it a good choice for real estate investors.