Residential Price Trends Across India's 14 Major Cities

2. Faridabad

217 (Jan-Mar 2012 Index)

218 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

Faridabad has witnessing development both in physical and social infrastructure. With the emergence of metro link, the city is now gearing up to become another real estate hotspot.

 According to Rajiv Bhatia, property consultant at V3S Properties, “Faridabad’s proximity to Delhi and Gurgaon, improving connectivity by upcoming metro and prevailing lower values is attracting working professionals for long term investment as well as for buying a house,” reports Magicbricks.

According to Sushil Kumar from Faridabad Properties & Consultants, “before the metro link there was hardly any demand or transaction in the real estate along the metro route but with the coming of the metro suddenly it is bustling with activity”.

3. Patna

129 (Jan-Mar 2012 Index)

140 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

Patna’s real estate sector is witnessing healthy growth over the past few years as developers both emerging and existing are launching their residential projects in Patna.

Even in some parts of Patna, the apartment valuations have touched the sky, which is far beyond the reach for middle income groups and such areas are Nageshwar colony and SK Puri.

Somrendra Singh, Managing Director, Mundeshwari Buildcon stated that “It’s boom time in the real estate space. The flat costs, which went too high, have however now stabilised but it is still more expensive than Noida and Greater Noida in the national capital region. We now have serious doubts about costs appreciating sharply now,” reports Magicbricks.