Residential properties in Faridabad are affordable compared to cities of NCR. That is why buyers who cannot afford to buy in Noida or Gurgaon prefer buying in Faridabad.
I agree with you... Also adding to this, many other projects for the improvement of its connectivity are also coming up. This is another important aspect which attracts end users, investors and corporates to choose Faridabad real estate.
Main reason would be that Faridabad is near to Gurgaon and Delhi. The land scarcity factor in Delhi has given way to fast development and rising property prices in NCR region.