NEW DELHI : Faridabad is attracting fresh interest from real estate developers and institutional investors as planned connectivity to Noida International Airport at Jewar, new road links and comparatively lower property prices strengthen its case as an alternative to Gurugram and Noida.
Housing.com data puts average residential prices in Faridabad at slightly above Rs 9,000 per sq ft in 2026, up 17.08 per cent year-on-year. ANAROCK’s Q2 2026 figures put average prices at Rs 10,780 per sq ft in Noida and Rs 13,350 per sq ft in Gurugram.
Experts said Faridabad’s relatively lower prices and established industrial base could attract buyers seeking alternatives to costlier NCR markets.
Market observers said a key catalyst for the real estate sector is the 31.42-km greenfield corridor connecting Faridabad with Jewar airport. The Union Cabinet approved a revised project cost of Rs 3,630.77 crore in March 2026. About 11 km of the corridor is planned as an elevated highway, with links to the Eastern Peripheral Expressway and Yamuna Expressway.
Mohit Goel, managing director of Omaxe Ltd, said Gurugram and Noida have witnessed significant residential price appreciation over the past few years, creating an opportunity for Faridabad to emerge as an important alternative in the NCR housing market.
“The relative price advantage, combined with Faridabad’s proximity to Delhi and improving connectivity with Gurugram and Noida, makes it an increasingly relevant market for homebuyers. The upcoming connectivity corridors, including links towards Jewar Airport, are expected to further strengthen its regional significance,” he said.
Institutional capital backs the growth story
Institutional interest is also growing. In August 2026, Blackstone-backed ASK Property Fund committed Rs 125 crore to a 20-acre plotted development in Faridabad under a Rs 500-crore platform with Bhumika Group.
Uddhav Poddar, chairman and managing director of Bhumika Group, said Faridabad is emerging as one of the most significant new growth opportunities in NCR as infrastructure development is changing the city’s connectivity and its role within the region.
He said the Delhi–Mumbai Expressway, Eastern Peripheral Expressway, FNG corridor, improved connectivity towards Noida and Sarai Kale Khan, and the expanding metro network are bringing the city closer to the wider NCR ecosystem. Its connectivity to the upcoming Jewar International Airport, he added, gives its growth potential a new dimension.
“Combined with the availability of larger land parcels, this creates a unique opportunity to develop integrated residential, plotted, retail and hospitality destinations at scale. We believe Faridabad is well positioned to become one of the key growth centres of the next phase of NCR’s real estate story,” he said.
Can Faridabad bridge the gap?
Market experts said Faridabad’s price advantage, infrastructure upgrades and industrial base give it a foundation for residential growth. However, it still trails Gurugram’s established corporate-office ecosystem and Noida’s IT, commercial and industrial hubs.
Its ability to emerge as a stronger residential destination will depend on infrastructure delivery, job creation and better social amenities.
Sumit Choudhary, vice-president at Rise Infraventures, said new corridors and changing buyer preferences are increasingly driving NCR’s real estate growth, with infrastructure and connectivity playing a key role in determining emerging destinations.
“For buyers, the city continues to offer a relatively lower entry point than established premium markets in Gurugram, although prices have been rising in infrastructure-led micro-markets. Recent market reports have identified sectors along the Faridabad-Jewar corridor as areas attracting increased investor and developer attention,” he said.
He said the infrastructure push could improve access to employment centres and widen buyers’ residential choices.
Goel of Omaxe added that Faridabad’s next phase of growth would be shaped by its ability to translate its connectivity advantages, affordability and established urban base into a more integrated residential and commercial ecosystem.
Industry watchers said Faridabad’s appeal currently rests on lower prices, larger land parcels and improving connectivity. Whether it can challenge Gurugram and Noida over the longer term will depend on turning infrastructure-led expectations into sustained housing demand and a more integrated urban economy.
