Investing Trends

Residential existent estate values have got increased in the classy sectors of Faridabad especially Sector 14, 15, 16, and 17, in the scope of 20-40 per cent in the last 10 months, according to MagicBricks reports. For instance, the residential secret plan working capital values in Sector 14 have got increased from Rs 25,000 per sq. ft, in May 2007 to Rs 35,000/sq pace in February 2008.

Brokers impute the addition in these values to the fact that the tenancy degrees are high at 70-80 per cent and these sectors are floaty with many minutes in existent estate happening, and the values increasing at regular intervals. Asset these countries are better provided with substructure installations like water, electricity, drainage, sewage etc as compared to other sectors.

Co-operative Group Housing Society (CGHS) values have got been more than or less stable in Faridabad from August 2007 to February 2008 with the norm flat working capital values being in the scope of Rs 2600 - Rs 3600/ sq ft. These CGHS are allotted flats and are under assorted forms of construction. Values are expected to lift after completion of construction, once these are ready for ownership within a year.

Property values have got been stable at Sector 55, 64 and 65 with the norm secret plan working capital values being in the scope of Rs 15,000 - Rs 20,000/ sq yard. These all are HUDA sectors where development is very slow. Government is not taking any enterprise to develop these sectors and also these are not provided with infrastructure, states Bhanu Garg of Tarishi Infrastructure Pvt. Ltd. helium informs that the tenancy degrees are low at 10-20 per cent, no topographic point dealing is taking place and thus the working capital values are more than or less stable.

Rental values have got increased marginally in the last 10 calendar months but there have been no important transformation. Lease values are more than or less same in the former calendar months and autumn in the scope of Rs 7,000- 12,000. This is because most of the people are investing in residential places like approaching flats and secret plans rather then taking home.