Overview of Sector 64, Faridabad

Sector 64 in Faridabad stands out as a vibrant and growing real estate hub, featuring a broad spectrum of properties that appeal to different budgets and tastes.

Property Types

• Apartments: Found in many setups, from 1 BHK to 4 BHK. Prices for apartments, based on size and amenities, usually run from ₹28.12 lakhs to ₹1.25 crores.
• Builder Floors: These configurations, often 3 to 4 BHK, are about ₹1.21 crores for a 250 sq.yd built-up area.
• Independent Houses: Large homes with built-up areas up to 4500 sq.ft., usually priced around ₹2.52 crores.
• Plots/Land: Available in sizes from 60 sq.yd to 582 sq.yd, with prices starting from ₹50 lakhs to ₹3.5 crores.

Price Trends

• Average Price per Sq.Ft.:
  • Apartments: Approximately ₹4,676 to ₹5,570 per sq.ft.
  • Builder Floors: Around ₹8,450 per sq.ft.
  • Plots/Land: Ranging from ₹9,050 to ₹11,150 per sq.ft..
• Year-over-Year (YoY) Growth:
  • Apartments saw a 4.32% price hike last year.
  • Land prices jumped by 42.7% in the last year.

Appreciation and Growth

• Long-term Appreciation: Over the last 5 years, land rates in Sector 64 climbed by 172%. Over the past decade, rates grew by 200%.
• Quarterly Appreciation: Recently, land rates increased by 8% during the July-Sept 2024 quarter.

Amenities and Lifestyle

• Location: Situated favorably, Sector 64 connects various parts of Faridabad and nearby cities easily.
• Societies and Projects: The area features recognized communities like Adore Ananda, Govt Housing Society, Kanak Apartments, and The Youngs Apartments, known for offering secure and prime living.
• Infrastructure: Rapid development in infrastructure boosts its appeal to both dwellers and investors.

Rental Options

For renters, Sector 64 presents various choices:

• Builder Floors: These are available monthly for around ₹18,000, for a 4 BHK with 2250 sq.ft. super area.

PropertyWala's Conclusion

Sector 64 in Faridabad is a strong pick for real estate due to its varied properties, steady rise in prices, and enhanced infrastructure. Whether you seek a long-term investment or need a convenient, secure home, Sector 64 provides options fitting different budgets and tastes. This area’s solid growth and prime location make it a good pick for anyone eyeing property purchase or rental in Faridabad.