Thursday, February 7, 2008

Faridabad Plot Values on Rise

Residential real estate values have increased in the posh sectors of Faridabad especially Sector 14, 15, 16, and 17, from 20-40 per cent in the last ten months, according to MagicBricks Research. For instance, the plot capital values in Sector 14 have increased from Rs 25,000 per sq yard in May 2007 to Rs 35,000 per sq yard in February 2008. Brokers attribute the increase in these values to the fact that the occupancy levels are high at 70-80 per cent and these sectors are buoyant with many transactions in real estate happening, and the values increasing at regular intervals.

Plus these areas are better provided with infrastructure facilities like water, electricity, drainage, sewerage etc as compared to other sectors. Please add to the blog if you have some information over the same…

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Lead India finals. Feb 9, 8pm on Star One.

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