Sector-86

Faridabad’s Sector 86, also known as Neharpar (Greater Faridabad), is fast becoming a major commercial, residential and industrial seat of the city. It boasts of futuristic developmental projects, improving civic and social infrastructure, and excellent transportation facilities, and has attracted a number of large and medium scale real estate developers and investors.

To cater to the growing population of home-seekers, a large number of land parcels have been bought by land developers, and are being used to construct premium residential complexes. Sector 86 houses some of the best gated communities in Faridabad, with the Uppal Jade Projects, the Ozone Park, Omaxe Heights, and Princess Park being the frontrunners. Each of these complexes enjoy a wide variety of state-of-the-art amenities such as swimming pools, gymnasiums, landscaped gardens, jogging tracks, and children’s play area.

Encompassed within the massive sector are mega malls housing a variety of brands, eateries providing a multitude of cuisines, banks and ATMs, sports complexes, and large departmental stores. Beautiful parks dot every other street corner.

This locality is close to some of the best educational institutions in the city such as D.A.V. Public School, Delhi Public School, Shri Ram Millenium School, and Aravali International School. Medical centres such as Metro Heart Care Hospital and Sarvodaya Hospital.

Connectivity and transit points

Sector 86 has been meticulously planned and laid out, with an intricate network of roads providing great connectivity and accessibility, making commute easy and hassle-free.

This area is close to both the major railway stations of the city; the Old Faridabad railway station lies 3 km away from this sector, while the Faridabad New Town railway station lies 4 km away. Trains starting from these stations travel to various parts of the country, taking commuters to the likes of Delhi, Mumbai, Kolkata, Bangalore and Chennai, as well as neighbouring towns and cities within the state. Indira Gandhi International Airport in Delhi, is the closest airport to this locality, and lies 32 km away from the heart of the city. It can be accessed via taxi-cabs.

This locality has an intricate network of internal roads that connect to the likes of important expressways such as Delhi-Faridabad Expressway, Gurgaon-Faridabad Expressway, and the forthcoming Faridabad-Noida-Ghaziabad Expressway.

Major landmarks

l  Shirdi Sai Vatsalya Dham

l  Jyant Cotting Industries

l  Raja Nahar Singh Palace

l  Nahar Singh Cricket Stadium

l  Crown Interiorz Mall

Factors for growth in the past

With Faridabad witnessing unprecedented growth, its suburbs and sectors are expanding and evolving into thriving neighbourhoods. Sector 86 is one of the fastest developing localities in this city, and the interest shown by real estate developers and builders has led to a ripple effect witnessing a rise in population, higher demand for property, rise in property prices, and increase in social and civic infrastructure. All these factors have acted as an impetus to its growth.

Residential & commercial market

Sector 86 houses a wide range of residential complexes, each catering to different income groups, providing its residents with different lifestyles. The most dominant property type are high-rise apartments, with typical 1, 2 and 3BHKs.

The current sales trends for multi-storey apartments in this region toggles from Rs 40 Lakh to Rs 1.2 crore, at Rs 3,800 per sq. ft. to Rs 4,300 per sq. ft. Renting out a typical 2BHK may cost anywhere between Rs 8,000 to Rs 12,500 per month. Residential property rates in Sector-86 have appreciated by 1.92 per cent since the April-June quarter of 2014.

Land parcels are being sold for commercial space and offices, commanding a high premium for every square yard. Prices for empty plots range from Rs 11 Lakh for 50 sq. yds to Rs 84 crore for a land-parcel sprawling over 15 acres.

Major challenges

The interior lanes in this locality are damaged and uneven in some places, and are always covered in potholes, making travel difficult for residents. Some areas have poor lighting, and residents are advised to maintain caution while walking on the streets at night. Choked drains and irregular waste disposal lead to the emission of a foul stink in certain parts.

Factors for growth in the future

The Faridabad government has paid a hefty sum sanctioning the extension of the Delhi Metro from Badarpur to Faridabad, and this is slated for completion by September 2014. A special Airport Express Link has been proposed, and this will provide citizens of Faridabad and Gurgaon direct connectivity to Indira Gandhi International Airport in Delhi. The commencement of metro facilities will lower travel time, allowing for increased accessibility and easy commute.

A large number of developers have new residential projects slated for completion by 2015, promising excellent infrastructure and state-of-the-art amenities. The amount of planning and detailing going into these projects is sure to further boost real estate prices, aiding in Sector 86’s growth in the future.