Property prices rise in Faridabad - 0 views
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kalpana reddy on 24 Dec 12Faridabad is growing at a rapid pace and is among the fastest growing realty destinations in NCR area.Increased damand for residential property has pushed the property market and transactions have increased by manifold in the area,availability of homes at affordable rates along with improved infrastructure have resulted in property prices to go up by 7%-10% in the last 6 months.The most prominent factor behind the rise of faridabad real estate as residential destination is the availability of affordable houses.Demand for affordable segment has been higher for price bracket of Rs 20-40 lakh in comparison to luxury segment.Areas which have attracted high demand are sectors 75-78,89 and neharpar, as these areas boast of both residential and commercial development.