Sector-87

 

Sector-87, a part of Neharpar is a newly developed Sector in Faridabad. It forms a part of the developing Sectors 66-89 of the Greater Faridabad region. Funded primarily by Jawaharlal Nehru National Urban Renewal Mission(JnNURM), this Sector will witness an array of wide roads, residential complexes, shopping malls and brisk social infrastructure in the coming days.

 

Abutting Main Bypass Road on its west, Sector-87 enjoys good road connectivity with the highly developed northern, western and central regions of Faridabad, connecting it to residential colonies like Huda Staff Colony, Friends Colony, Leprosy Colony, Indira Gandhi Colony and Housing Board Colony. The Sector is situated in proximity to river Yamuna and is blessed with a long-term environmental sustainability. It enjoys abundant natural resources like water due to its strategic location.

 

In spite of being a developing locality, Sector-87 boasts of robust social infrastructure with a myriad of schools, colleges, hospitals, welfare associations and connecting roads. Some of the reputed schools and hospitals in the area include Modern Delhi Public School, New Millenium Public School, Arora Hospital and National Hospital.

 

Since Sectors 75 to 89 are primarily being developed as residential areas, the commercial infrastructure in Sector-87 isn’t as brawny as its social and civic infrastructure. However, a multitude of restaurants, grocery stores and automobile shops flank the area. The locality boasts of fair economic infrastructure as well, with many banks and ATMs like Bank of Baroda, Gurgaon Gramin Bank, and Punjab National Bank situated in the area.

 

Key Projects in Sector-87 : 

SRS Pearl Independent Floors

SRS Pearl Heights

SRS Royal Hills Phase 2

 

Connectivity and Transit Points

 

Sector-87 is connected to the northern and western regions of Faridabad by Kheri Pul Bridge, which link the roads running in the locality to Main Bypass Road, Kheri Road and Bhudutt Parashar Road. Main Bypass Road, which plays the role of an arterial road in this region, further connects it to parts of the southern region of Faridabad and Ballabgarh. Wazirpur Road, which runs along Sector-87, connects it to Wazirpur Industrial Area and other smaller villages of Tikawali, Riwazpur, and Bhopani.

 

Public transportation in terms of local buses is yet to be developed here. However, bus stops like Old Faridabad Bus Stop, Rajiv Chowk Bus Stop, and Asian Chowk Bus Stop fall within a 5-km radius. The locals can commute to various localities in Faridabad by boarding buses from this stop.

 

The two prominent railway stations of Faridabad, Old Faridabad Railway Station and Faridabad New Town, are also situated in proximity to the locality, at a distance of 5 km and 9 km, respectively. Trains from both these stations can be boarded to reach various regions of NCR, like Delhi, Nizamuddin, Agra, and a number of other cities in India like Amritsar, Haridwar, Mumbai, Indore, and the like.

 

Indira Gandhi International Airport, which facilitates domestic and international travel, is situated 36 km from here, and can be reached within an hour via Mathura Road.

 

Major Landmarks

 

●     Wazirpur Road

●     Greater Faridabad welfare Association

●     Radhe Krishna Mandir

●     SRS Royal Hills

●     Bharat Petrol Pump

●     Gurgaon Gramin Bank

●     TATA Store

 

Factors for Growth in the Past

 

An integral part of Neharpar, Sector-87 witnessed development when it was incorporated under the city’s Master Plan in the year 2004-2005. The development of Main Bypass Road and Wazirpur Road added to the transportation infrastructure of the area, inviting many early settlers and developers like SRS Real Estate and Mariners Buildcon India to set projects here.

 

The strategic development of Sectors 66 to 74 as industrial areas gave room to Sector-87 to develop into residential hubs, catering to the residential needs of professionals working in these industrial Sectors.

 

Additionally, Sector-87’s proximity to river Yamuna accorded it with the tag of a sustainable locality, and accommodated the development of residential properties. This stirred the interest of many investors, and impelled growth in the area.

 

Residential and Commercial Market

 

Residential Market Trends

 

Primarily being developed as a residential locality to cater to the growing IT population in and around Faridabad, Sector-87 boasts of an array of high-rise and multi-storey apartments. Residential properties in the form of independent houses and residential plots are also found here, but in smaller proportions.

 

2 BHK apartment units sell at an average price of Rs 39 lakh, with an average rate of Rs 3,470 per sq. ft. The average rate of a 3 BHK apartment is Rs 3,546 per sq. ft. The average price of these 3 BHK apartments range from Rs 45 lakh to Rs 70 lakh. The average rate to buy a residential plot in sector 87 is Rs 5,980 per sq. ft., with the average price ranging from Rs 26 lakh to Rs 45 lakh.

 

With many multi-storey and high-rise projects like SRS Pearl Independent floors and Mariners Paradise completed, the rent culture is quickly catching up in Sector-87. The average rate of 2-3 BHK units is Rs 7 per sq. ft., and the rent price ranges from Rs 6,000 per month to Rs 15,000 per month.

 

Commercial Market Trends

 

The commercial area in Sector-87 is not as prominent as the residential sector. However, many commercial spaces are available within the residential complexes launched in the area. The average rate to buy a shop is Rs 15,100 per sq. ft., translating to approximately Rs 50 lakh.

 

Major Challenges

 

Since development in the entire Neharpar region started only a few years ago, the Sector-87 currently lacks proper sector roads in a few areas. Absence of civic amenities like dhalaos or dustbins on roads, parks, playgrounds, and bus stops within the area pose an inconvenience to the residents. But, with several developmental projects lined up, these services should soon be installed in the locality.

 

Factors for Growth in the Future

 

Staying in tune with the Greater Faridabad Master Plan, a number of infrastructural and residential projects are lined up in and around Sector-87.

 

The completion of Kundli-Manesar-Palwal (KMP Expressway) will connect Neharpar area to Delhi and Gurgaon, and will provide faster commute to localities like Sector-87. Once the 3-km flyover between Delhi and Faridabad at Badarpur is completed, it will improve traffic flow at the Main Bypass stretch.

 

The proposed Metro connectivity from Faridabad to south, east, and central regions of Delhi, along with various industrial pockets like Noida and Badarpur will provide the residents of Neharpar region with a faster alternative to reach these destinations. This improved connectivity will invite many developers to set projects in this region.

 

With the completion of ongoing large-scale residential projects like SRS Royal Hills Phase I & Phase II, SRS Pearl Floors, SRS Pearl Heights, and Shiv Sai Park, Sector-87 will soon see the bustle of a residential locality packed with state-of-the-art facilities. The success of these projects would bring in active realty developers of Neharpar region like BPTP, Omaxe Ltd, RPS, and Puri Constructions to launch projects in Sector-87.