The Emerging Real Estate Destination of Faridabad

Chasing the real estate development in its counterpart cities Gurgaon and Noida, Faridabad has emerged as one of the most sought after destinations for property investing in the National Capital Region (NCR), in the past two years. Of course, real estate investment in Faridabad offers a wide room for growth unlike most parts of Delhi, Gurgaon and Noida who have already reached their peak levels, and maybe that's why investors prefer now park their money into the new property market in Faridabad. Well, the city, at the end of the molting was his image of an industrial town that remained withdrawn in the region for decades, and now you can witness the properties with modern state-of-the-art infrastructure and all facilities in the city. Residential real estate Faridabad scenario has been the subject of intense construction activities, at least during the last 5 years, and the country's most prestigious property developers have launched their projects in the city very ambitious! . Omaxe, Eros and RPS have already established their foothold in the city with their huge residential projects, while planners Business Park (BPTP) is set to develop a mega city territory, husk all as 1500 hectares of land in areas 5 and 7. According to one estimate, Faridabad add approximately 15.94 million mP of space in residential real estate, in 2009-10, and demand is expected to keep a decent pace with supply. However, the city-based consultants row that rates will remain low because of too additions in the segment. In this case, it may be mistaken that markets are slowing down but, in fact, the offer would be far exceeds demand volumes, say Abheek Sharma of Fairdeal Properties. On Capital Values The capital cost of residential properties in these regions have increased by 25 percent in the last 18 months, though the same were perfectly to stabilize some time. At present, the capital values vary between Rs 1450 and Rs 3850 per sq Pi for apartments in prestige projects! can fetch marginal appreciation. According to veterans of the! industr y, investment in property Faridabad could be beneficial in the long term, the horizon of 5-10 years. George Gonigal provides you with the best and latest information on real estate Lucknow. Gift Card
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