Faridabad Real Estate Expected To Fare Nicely This Year
The urbanized city of Faridabad carries good potential in terms of property business. Looking at the way some of the top-class projects from prestigious developers are taking shape, it would be safer to say that Faridabad real estate business is beefing up nicely. With notable projects like Piyush IT Park, BPTP, and Vatika gaining stronghold in the city, the housing business is estimated to proliferate more this year.
The data for last 12 months substantiate the prediction of Faridabad properties being favored by the house-buyers in North India. The demand has appreciated by 60%, thus alleviating the prices too. The overall effect can be seen in terms of the market swinging in favor of 4 BHKs and luxury houses. The launch value of the upcoming projects can be seen ranging between 3000-6000/ sq. ft. The top localities of the city like Nahar Par, Green Field, and sectors 80-89, 40-49, and 70-76 are the top fetchers of real estate Faridabad. The overall price appreciation during this period was 25% with value in July, 2013 standing at Rs. 3862/ sq. ft.
While BPTP and Sector 76 saw a slump of 77% and 66% in price rates over last one year, the colonies in Nahar Par and sectors 70-76, and 80-89 are registered as the best bets for buyers. The excellent connectivity of the city to nearby areas and the upcoming metro project have started garnering more interest of buyers and builders in Faridabad properties. The metro rail is going to connect areas covered under YMCA-Badaprpur stretch, thus attracting leading developers to invest money here.
The Fardibad real eastate for commercial setups is also going great guns, with office spaces available in the the range 5500-11000/ sq. ft in areas spread over Faridabad-Mathura Road. With spaciousness giving the city a upper hand, the investors can look out for land, offices, showrooms, shops, go-downs, industrial setups, and business centers for long-term investment and short-term needs.
On the flip side, the home buyers are facing challenge of spurious fit-outs: they are duped into buying fully furnished flats which are, in fact, the unfurnished ones. By resorting to unethical practices, the builders are trying to sell low-grade inventories to the customers.
Buy and hire on rent residential and commercial properties on Makaan.com, a leading property web portal in India. Make a search for 2, 3, 4 BHK houses, villas, plots, warehouses, offices, and shops for owning or leasing. The site lists properties from builders and developers PAN India.
The data for last 12 months substantiate the prediction of Faridabad properties being favored by the house-buyers in North India. The demand has appreciated by 60%, thus alleviating the prices too. The overall effect can be seen in terms of the market swinging in favor of 4 BHKs and luxury houses. The launch value of the upcoming projects can be seen ranging between 3000-6000/ sq. ft. The top localities of the city like Nahar Par, Green Field, and sectors 80-89, 40-49, and 70-76 are the top fetchers of real estate Faridabad. The overall price appreciation during this period was 25% with value in July, 2013 standing at Rs. 3862/ sq. ft.
While BPTP and Sector 76 saw a slump of 77% and 66% in price rates over last one year, the colonies in Nahar Par and sectors 70-76, and 80-89 are registered as the best bets for buyers. The excellent connectivity of the city to nearby areas and the upcoming metro project have started garnering more interest of buyers and builders in Faridabad properties. The metro rail is going to connect areas covered under YMCA-Badaprpur stretch, thus attracting leading developers to invest money here.
The Fardibad real eastate for commercial setups is also going great guns, with office spaces available in the the range 5500-11000/ sq. ft in areas spread over Faridabad-Mathura Road. With spaciousness giving the city a upper hand, the investors can look out for land, offices, showrooms, shops, go-downs, industrial setups, and business centers for long-term investment and short-term needs.
On the flip side, the home buyers are facing challenge of spurious fit-outs: they are duped into buying fully furnished flats which are, in fact, the unfurnished ones. By resorting to unethical practices, the builders are trying to sell low-grade inventories to the customers.
Buy and hire on rent residential and commercial properties on Makaan.com, a leading property web portal in India. Make a search for 2, 3, 4 BHK houses, villas, plots, warehouses, offices, and shops for owning or leasing. The site lists properties from builders and developers PAN India.