Strategic Partner :

1

FaridabadRESIDENTIAL REAL ESTATE MARKET

2

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

3

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

4

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