Sector-77

A part of ‘Neharpar Faridabad’ or ‘Greater Faridabad’, Sector-77 is an upcoming residential locality. Surrounded by the newly developed localities like Sectors 76, 78, and 79, this locality is on the verge of social and residential development. The famous Agra Canal, which receives water from river Yamuna lies a couple of Sectors away to the west. Sector-77 also lies close to Main Bypass Road that connects the eastern region of Faridabad to the northern and central region.

Sector-77 enjoys a fair blend of social and commercial establishments, spread evenly in and around the area. Reputed educational institutions in the area include Delhi Public School and Aravali College of Engineering & Management. Noteworthy hospitals such as ESI hospital and Krishana Hospital also lie within a 5-km radius of the locality.

Since the Sector is predominantly being developed as a residential locality, thecommercial establishments in the area are a rarity. However, many restaurants, malls, multi-branded apparel stores, and grocery stores are found in proximity. BPTP Next Door Shopping Mall, HUDA Market, Milk Dairy, Goa Portuguesa Restobar, and Ashirwad Restaurant are few such establishments.

Connectivity and Transit Points

Sector-77’s proximity to Main Bypass Road facilitates smooth connectivity in and around Faridabad. 7-10 Chowk and Old Faridabad Bus Stop are two prominent bus stations situated 10 km from Sector-77, facilitating travel within the city. Faridabad New Town Railway Station and Ballabgarh Railway Station, which operate under the Delhi Suburban Railway are situated 8 km from here. Trains from these stations can be boarded to reach various parts of the NCR. Another prominent station lying close to the area is Old Faridabad Railway Station, which facilitates inter-city travel.

Air transport is facilitated by Indira Gandhi International Airport, which lies at a distance of 42 km from the locality. The airport can be reached within an hour via NH-2. However, the travel time can increase during peak hours due to heavy traffic.

Major Landmarks

●     BPTP Parklands Pride

●     BPTP Next Door Shopping Mall

●     KLJ Espana

●     KLJ La Vista

Factors for Growth in the Past

Sector 77’s status as an upcoming residential hub can be greatly attributed to the development of NH-2, which attracted renowned developers such as BPTP Limited and KJL Group to set up numerous residential projects here. Another important factor that helped Sector-77 develop was its proximity to well-developed cities like Delhi, Noida, Greater Noida, and Gurgaon. Moreover, its proximity to river Yamuna aided long-term sustainability, especially in terms of natural resources like water, impelling growth here.

Residential and Commercial Market

Residential Market Trends

Primarily a residential locality, apartments are found in large numbers in Sector-77. The average rate to buy an apartment in sector 77 is Rs 3,510 per sq. ft. The price of 2-3 BHK apartment units here fall within a range of Rs 28 lakh to Rs 48 lakh.

Since Sector-77 is situated close to industrial areas like Sectors 66 to 74, the rent culture is slowly catching up. The average rental for 2-3 BHK apartments range from Rs 10,000 per month to Rs 12,000 per month.

Commercial Market Trends

The commercial market is not as prominent as the residential sector in the area. However, commercial spaces are economically priced, with shops being rented out at an average price of Rs 62 per sq. ft.

Major Challenges

Lack of public transport and commercial establishments cause a lot of inconvenience to the area’s residents. However, with many developments lined up for this region, these bottlenecks will eventually be eradicated.

Factors for Growth in the Future

Sector-77 has been witnessing a spurt of residential project development. BPTP Park Sentosa, KLJ Espana, KLJ La Vista, and BPTP Parklands Pride are a few residential projects coming up here shortly. The completion of these projects will invite more builders to start projects in the region, and will accelerate Sector-77’s realty market.

In an attempt to escape the congested NH-2, construction of a six-lane bypass road from Badarpur border to Kaili village will enable commuters to travel conveniently. Construction of master roads will serve as a major link between various Sectors in Greater Faridabad. Also, the ongoing Badarpur-Faridabad Metro project will improve Faridabad’s connectivity to a great extent. The completion of these projects will greatly influence the stature of Sector-77 as a real estate market.