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Strategic Partner :
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FaridabadRESIDENTIAL REAL ESTATE MARKET
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Faridabad - Residential Real Estate MarketProximity & connectivity to the country’s capital
along with lower price points make Faridabad one of the preferred real estate destinations in NCR. It also has concentration of industries resulting in demand for affordable homes.
Proposed elevated road from Ashram Chowk in Delhi to Badarpur in Faridabad will reduce traffic congestion in the area.
Newly inaugurated Eastern Peripheral Expressway, a 135 long highway, connects Palwal, GautamBuddha Nagar, Faridabad and Ghaziabad.
Faridabad has seen an upward swing in demand with 66% CAGR in last three years currently selling close to 3000 units in the primary builder market. This can be attributed to new projects in lower price points which also reduced the average price in the city by 12% CAGR in last two years.
Sector 85, Sector 89 and Sector 88 have been the most preferred locations among the buyers in last 12 months.
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2016 2017 2018
Pri
ce (
psq
ft)
Faridabad Sector 85 Sector 89 Sector 88
Violet Line Metro
Faridabad Bypassroad
N
Product Typology
1 1000-1100 900-1000 600-650
2 1100-1200 700-800 700-800
3 900-1000 1100-1200 550-600
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12 3
2BHK3BHK
1BHK
1BHK7%
2BHK44%3BHK
34%
4BHK1%
Villa/RH0%
Others14%
Product Wise
Based on the last 12 months’ sales, 2BHK flats are the most preferred product among buyers, followed by 3BHK and 1BHK.
Buyers mostly picked up units between 900-1000 sq.ft. followed by 700-800 sq.ft and 1000-1200 sq.ft. of saleable area.
Cost range of Less than Rs.30 Lacs has the maximum sales share of 64% of the total sales.
64%
20%
11%3% 1%
<30 Lac 30 - 50 Lac 50 - 1Cr. 1 - 2 Cr. > 2Cr.
Cost range wise percentage share of Sales
Trend in New Launches
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Sector-89 is the top gainer in terms of maximum new launches in the last 12 months followed by Sector-75.
Maximum new launches are in the cost range of Less than 30 Lac.
Amongst the new launches, 2 BHK is the most preferred product as can be seen by sales and supply distribution.
59%41%
Sales in New Launch
2BHK 3BHK
69%
31%
New Launch Supply
2BHK 3BHK