By Mohit Goel, Managing Director, Omaxe Group
Faridabad’s transformation in recent years hasn’t gone unnoticed. Once pegged as Delhi’s industrial cousin, the city has now entered a new chapter—one where high-street brands, mall developers, and real estate investors are starting to see serious potential. The buzz is backed by developments on the ground, including rising consumer demand, visible infrastructure upgrades, and the kind of demographic shift that typically signals retail expansion. For those eyeing the next promising retail real estate destination in NCR, Faridabad has emerged as a calculated bet.
Faridabad has always had geography in its favour
Located on the old Delhi-Agra route, it shares borders with both Delhi and Gurugram. But over the years, traffic has turned into a nightmare, but with a vast improvement in connectivity in the last few years, it has emerged as the city’s biggest strength.
With the Delhi-Mumbai Expressway moving swiftly toward completion and a dedicated link to the upcoming Jewar Airport, Faridabad is better connected than ever before. Add to that the metro extension, the Eastern Peripheral Expressway, and the upcoming Faridabad-Noida-Ghaziabad (FNG) corridor, and you’ve got a city that’s seamlessly woven into NCR’s mobility map.
For retail brands, this means a larger, more mobile catchment. For investors, it means long-term capital appreciation backed by real infrastructural value.
A City Growing Up—And Growing Aspirations
Another shift matters just as much: the city’s people are changing. The consumer today in Faridabad is younger, better informed, and increasingly aspirational. The new residential townships in Neharpar (Greater Faridabad) are attracting upwardly mobile families, many of whom used to look to Noida or Gurugram for shopping or leisure.
Neharpar, in particular, has emerged as a game-changer. Just a few years ago, it was seen as a distant pocket. But with new road networks and better planning, Greater Faridabad now finds itself in the spotlight. Developers are responding with more walkable formats—SCOs, high-street hubs, mixed-use centres. In many ways, Faridabad today is what Noida was a decade ago—a market with relatively low capital values but rising end-user demand. This makes it ideal for retailers looking to expand into new geographies without the kind of overheads seen in Gurugram or South Delhi. Rental yields in prime retail corridors are excellent, particularly in newer SCO and high-street projects. Compared to residential returns, this is a solid number, and one that’s likely to rise as more footfall-led projects mature.
It’s worth noting that retail itself has changed. Consumers are no longer just looking for malls—they want an experience. That’s why Faridabad’s new developments are leaning towards pedestrian-friendly layouts, open-air dining, and mixed-use spaces that blend work and leisure. These formats are also more adaptable.
Timing in real estate is crucial, and Faridabad is in that sweet spot. The big infrastructure is either ready or nearing completion. Demand is rising, but saturation is still far off. And because this market hasn’t yet been overrun by institutional players, early investors—retailers or developers—can secure better locations and negotiate favourable terms. Connectivity, affordability, and consumer aspiration are aligning in a way to make the city’s real estate landscape worth considering. The message, in short, is clear: Faridabad is proactively rewriting NCR’s next retail success story.
