Faridabad Real Estate Looking Up-霍金hawking

Real-Estate Divided into sectors, Faridabad is a well planned city with due regard to government regulations. With Supreme Courts intervention in .mercial and residential activities on roads between Sector 7 and 10, the city expected a boost to the planned development until the downturn. The global slowdown hampered growth of the city with lesser transactions, resulting in a drop in prices, along with a scarcity of funds for development. Though the market went into a slump, affordable housing, however, kept abreast with market demand in Faridabad. Many real estate developers have launched affordable housing projects in the city to fulfill end user demand. Omaxe, Shiv Sai Infrastructure, Pal Group, BPTP, Triveni Group, RPS, and Ferrous Infrastructure are some of the developers who have launched group housing projects throughout Faridabad. These projects are slated to be .pleted by 2011. The residential units in these projects .e in a price range between Rs 5 lakh and Rs 30 lakh. Market trend: A 2BHK CGHS (Cooperative Group Housing Societies) flats cost is in the range of Rs 2,600-3,200 per sq ft and the rental value of the same is Rs 5,000-10,000 per month. Haryana Housing board colonies offer a 2BHK flat for Rs 2,500-3,500 per sq ft with their rental value being Rs 5,000-10,000 per month. The residential real estate market of Faridabad saw a steep drop in the number of transactions in Q4 2008-2009, with transactions dropping by 80-90%, .pared to Q2 2008-2009. The post-recession market is showing some positive signs. With reduction in the interest rates for home loans and the opening of various affordable housing options, property transactions have resumed in the city. Besides, with the Metro project on a roll, property rates are expected to increase further. But there are hardly any buyers in the market. Apartments are in greater demand .pared to plots. Second-sale houses have also taken a back seat, as a number of new projects are being launched every day offering lifestyle homes at affordable prices, reveal market sources. City forward: With Metro getting the green light to enter Faridabad, property rates that fell due to the slowdown are now expected to attract prospective buyers. With the opening of the six-lane Faridabad Bridge, over Agra and Gurgaon canals, a spurt in property prices is expected. A number of private developers such as Ansals BPTP, ERA and Omaxe are .ing up with projects near the bridge in Sectors 75 to 89. Moreover, the facility would connect the old city to the up.ing townships in the suburbs, spread over nearly 2,000 acre of land. Conclusion: The residential sector has witnessed fluctuations with the downturn and a lack of investor interest, but this little depression is everywhere. The .mercial sector of Faridabad has certainly not seen any drastic side effects. Instead, it is backing the residential market along with infrastructure initiatives. Developers are foraying into Faridabad with new projects. With Triveni Infrastructures having launched five new projects in Faridabad, and some of them fully booked, the city still appears to be a hotspot for developers. About the Author: 相关的主题文章:

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