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Haryana Property

Haryana Property market is riding on the back of a fast urbanization process being carried out by government agencies like HUDA, HSIDC and Haryana Housing Board. Primarily an agrarian economy with vast land resources, the state has witnessed swift industrial growth at major locations in recent times. Though the process of industrialization and urbanization is continuing in a number of locations including Panchkula, Hisar, Panipat, Bahadurgarh and Yamunanagar, the growth rates it has achieved at Gurgaon and Faridabad are particularly noteworthy.

Gurgaon, an NCR area, is now considered as the best IT and ITES destination in the country and it is also a major hub of automobile industry. Faridabad, too, has emerged as an industrial city with numerous large-to-small scale companies choosing it to make their prime operational base. With the industrial growth picking up faster in recent years, the land prices here have increased many times. As new industrial units are set up, people migrate here from some other locations to work in them. The housing requirements, as a result, are growing too. It is becoming more and more difficult for average people to buy land or a house here due to high-rising prices.

Real estate investors, on the other hand, stand to cash in on the opportunity as the property rates are bound to grow more in future. With every new plot scheme of HUDA, a new residential settlement is established that makes the properties lying nearby grow in value and demand. With improving amenities and expanding infrastructure base, buying properties in Haryana will prove a good real estate investment over time. Administratively, the districts in Haryana are divided into four divisions. Here are the details:

Ambala DivisionGurgaon DivisionHisar DivisionRohtak Division
Yamuna NagarMewatSirsaSonipat

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Last Updated On: 2012/03/03

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