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Property Management in Faridabad

Faridabad in an industrial city in the state of Haryana and is located to the south of national capital New Delhi. As per 2011 census, the city had a population of 1438855. The city is best placed in entire National Capital Region (NCR) with good connectivity to Delhi, Gurgaon, Noida and Greater Noida. National Highway 2 passes through the heart of the city, thereby providing easy connectivity from Delhi and other parts of the country.

Faridabad city came into prominence during 1950s when due to the focus on economic development in the country; the industries were transferred to the city as Delhi was completely filled. The city is located on the plains of Yamuna River. It is bordered by Aravali hills towards the west and Yamuna River towards the east. Faridabad is the industrial capital of Haryana and as per 2013 estimates; there are about 2499 registered factories in the city out of the 11665 registered factories in the entire state of Haryana.

Property Management in Faridabad

Where is real estate development taking place in Faridabad?
Till 1990s and early 2000s, Haryana Urban Development Authority itself provided housing opportunities in the city by forming various sectors and offering plots to home buyers. However, with the dawn of new century, Real estate sector leapfrogged and new sectors were created where private developers started developing multifamily housing societies. These sectors are sector 66 to sector 89. While, sectors 66 to sector 74 are meant for industrial development, sectors 75 to 89 are residential sectors.

About 70 group housing projects have come up in sectors 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, and 89. The development of these group housing societies started in 2006 and most of them are now complete or are in final stages of construction. Many home buyers, investors, Non resident Indians (NRI), Person of Indian Origin (PIO) invested in apartments in these group housing societies. Some of the end-users have moved into these apartments. However, there is still a huge supply of apartments in these sectors which is unoccupied. One can easily find an apartment on rent in these sectors.

Demand for housing:
The city’s population will grow from 1438855 in 2011 to 2438000 by 2021 and 3886407 by 2031. At the same time improved connectivity to Delhi and other NCR cities by road, metro rail, and rail network will attract many home buyers to the city. Therefore, demand for housing will grow and this is where supply in new sectors 75 to 89 can fulfill this demand.

Why Property Management in Faridabad?
There are some investors, Non resident Indians (NRI) who have invested in these properties but can’t occupy them because of being away. At the same time, they are not able to rent out these apartments because of living far away and there is no one in close proximity to manage these apartments on their behalf.

This is where; we at Managed Homz assist investors, NRI, PIO by providing them property management services in Faridabad. They can simply LIST THE PROPERTY and our team inspects the property and provides services such as tenant search, tenant screening, maintenance & repairs, property supervision, rent agreement, rent collection, utility bills, sort out tenant queries, and periodic updates related to the property & realty market.

By availing our property management services, an NRI or an investor will not only enjoy the capital appreciation gains from his/her property, but at the same time, he/she will be able to generate monthly income from his/her Rental Property.

Being a leading Property Management company in Faridabad and one of the Top Property Management Companies in Delhi NCR region, it is our constant endeavor to provide full range of services to property owners.

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Master Plan 2031 Faridabad:
As per the master plan 2031 prepared by Town and Country Planning Department (TCPD) of Haryana, the city’s population will grow to 3886407 by 2031 from 1438855 in 2011. Therefore, following land uses have been proposed by the TCPD of Haryana.

  • Residential – 14328 Hectares
  • Commercial – 2069 Hectares
  • Industrial – 6179 Hectares
  • Transport & Communication – 4020 Hectares
  • Public Utility – 638 Hectares
  • Public & Semi Public Uses – 1299 Hectares
  • Open Spaces, Parks & Green Belts – 5314 Hectares
  • Special Zone – 448 Hectares
  • Mixed Land Use – 73 Hectares