Rising from a quiet industrial town, Faridabad has emerged as one of the fastest-growing cities in the National Capital Region. Over the years, the city has grown tremendously within its residential and commercial real estate segments, steered by various planned infrastructure and strategic developments. With the development of new expressways, metro connectivity, and other modes of transportation, the city is experiencing property appreciation, projecting a rate of 8% annually, making the region ideal for real estate investments.
Among the several key developments, the Jewar Airport is one of the most transformative infrastructure projects in the region. Situated 38 km from Faridabad with a 20-minute drive, the upcoming airport will provide quicker access than IGI Airport. Designed to handle 12 million passengers annually, Jewar Airport is expected to attract multinational companies and businesses to the region, significantly boosting economic activities and business travel to Faridabad.
Moreover, the demand for corporate office spaces in Faridabad has already increased by an incredible 15% in the last year. The city is expected to attract 30,000 professionals annually over the next five years, reflecting its rapid growth. Already established as a corporate hub, the Jewar Airport is anticipated to act as a catalyst, attracting new businesses and boosting the demand for more commercial spaces.
R C Gupta, vice-president of CREDAI-NCR and MD RPS Group, said, “With the advent of the upcoming Jewar Airport, Faridabad is slated to become a highly sought-after real estate destination, leading to the establishment of new commercial projects. Besides, other substantial infra upgradations like the proposed Faridabad-Jewar Expressway will further enhance the connectivity for those who travel from Delhi to Noida-Greater Noida and Faridabad daily. This improved accessibility will foster Faridabad’s growing reputation as a business-friendly hub, skyrocketing the demand for high-quality office spaces.”
Mohit Goel, MD of Omaxe Group, said, “Faridabad has emerged as a key hub, driven by its strategic location and excellent connectivity with Delhi and Gurgaon. The ongoing expansion of its infrastructure, notably the upcoming Jewar Airport, has attracted new businesses, driving the demand for commercial spaces. As more companies and people move towards Faridabad for work, the airport will serve as a catalyst for economic growth, accelerating the city’s commercial growth. Thus, with better connectivity and strong infrastructure, Faridabad’s commercial realty market seems promising.”
In addition, the new Faridabad-Jewar Expressway and its connection to the Jewar Airport will boost the property demand in the area. This rise in demand will lead to market expansion, fueling job creation, increasing incomes, and boosting consumer confidence. Further, Faridabad achieving the 13th spot in the Kearney Index highlights the city’s growing retail strength and improved business environment.
Therefore, as Faridabad continues its journey toward becoming a key business hub, the commercial real estate sector is set to witness unprecedented expansion and investment opportunities. The development of Jewar Airport is poised to be a transformative force for Faridabad’s real estate market. With its proximity and enhanced connectivity, the airport will drive an influx of businesses, professionals, and investors to the region.
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