New master plan to redefine Faridabad’s urban landscape
Faridabad, Delhi’s oldest and one of major satellite towns, is poised for a 360-degree makeover, which will boost the real estate sector’s prospects in the region in a big way.
An ambitious master plan, recently unveiled by Haryana Chief Minister Manohar Lal Khattar, will comprehensively redefine Faridabad’s urban landscape and elevate its stature as a pre-eminent residential and commercial hub. The plan, being prepared by IIT Delhi and IIT Roorkee, will completely transform the city’s future.
“The new master plan is a testament to the state government’s commitment to bolster Faridabad’s real estate potential. It envisions a holistic development strategy, addressing infrastructure and public services in the Faridabad Metropolitan Region. Faridabad has a population of 1.5 million and is expected to rise further by 2031. In this regard, the master plan will also be a key enabler to accommodate the incremental growth in population and pave the way for sustainable development,” says Sanjeev Arora, Director, 360 Realtors.
The master plan will emphasize on new roadways, community centers, sewage systems, power generation, etc. Likewise, “it will also incorporate developing new healthcare centers, schools, and entertainment hubs, thereby giving a facelift to the overall livability index and managing the requirements of the local population. Another important aspect is systematically investing in multiple industries including electronics, automobiles, IT, start-ups, textiles, etc. This will further augment the process of economic prosperity and growth and also drive realty demand,” adds Arora.
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“This master plan isn’t solely a
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