subject: Gurgaon Losing Its Residential Advantage To Faridabad [print this page] Gurgaon might be the Millennium City housing a number of top corporate bodies, but it is also a fact that living in this city is prohibitively costly. The prices of the properties have gone through the roof and for most of the people who work in the MNCs of Gurgaon, the option to buy the property is simply out of reach. If you speak of the rentals prevailing in the city then few people working here can afford to take even a 2 BHK apartment on rent. With the development of the Greater Faridabad region, where a number of residential properties from reputed builders such as Omaxe Hills are still within the budget range of people, whether for buying or for renting, the options have opened up for the people who have been living in Gurgaon with a bit of pinch of high prices.
With convenient approaches from Greater Faridabad which reduces the commutation time of the people, there is a good chance for people to live in this region and commute daily to Gurgaon, saving themselves money in good measure. It is interesting to note that this movement of people has already been getting noticed. Greater Faridabad was expected to stem the rush of people coming to Delhi for living or working and provide them the housing opportunities close to the capital city. This was expected to ease the pressure of migration of people to Delhi, Noida and Faridabad. However, it seems to have taken Gurgaon in its loop as well.
You can get to buy the residential homes of 2 to 5 BHK variety in the price range from approximately 25 lakhs to close to 95 lakhs of basic sale price across the various variants of properties from the different builders operating in the area.
This price range is quite affordable as compared to the pricier apartments of Gurgaon where there is virtually no property close to the 25-30 lakh range. What has made Greater Faridabad attractive for the people who work in Gurgaon?
Affordability of residential units in Greater Faridabad such as Omaxe Hills Faridabad and their being too expensive in Gurgaon is one major reason. The other major reason is the development of commutation links cutting through the mountainous terrain which has reduced the travel time to close to one hour on one way. If people can get to live in their own home in the near future and have to commute for 2 hours per day, that is considered to be a better deal than not being able to own and live in house in Gurgaon. Even for people coming to Gurgaon from far off places in East Delhi, Noida or Ghaziabad, Greater Faridabad is proving to be a good alternative to reside. Another important reason is that the people are wary of travelling to the other side of Gurgaon, on the Jaipur highways, where the new, residential units are being developed due to same reasons of time of commutation and expensive residences.
