Overview of Suraj Kund, Faridabad

Location and Connectivity

Suraj Kund, situated in Faridabad, boasts excellent accessibility to many parts of the city. Conveniently located near Badkhal Road, it enhances its connectivity.

Property Types and Pricing

The following details property types and pricing in Suraj Kund:

• Apartments:

  • The average price per square foot ranges from ₹7,900 to ₹9,950. The typical price falls between ₹8,739 and ₹10,050.
  • For a 3 BHK flat, prices range from ₹1.83 crore to ₹2.49 crores.

• Builder Floors:

  • Floor prices typically fall between ₹6,050 to ₹8,150 per square foot.

• Land:

  • The land rates are around ₹9,450 to ₹13,200 per square foot.

Price Trends and Appreciation

• Year-on-Year (YoY) Growth:

  • Apartment prices have risen by 25.42% over the past year.
  • Flats experienced a 16.9% increase during the same period.
  • Over the last 3 years, flat rates have seen a 25.9% appreciation and builder floor prices have increased by 56.7%.

• Long-term Appreciation:

  • Flat rates have appreciated by 33.3% over the last decade and land rates have doubled over the last three and ten years.

Amenities and Infrastructure

• Projects and Developments:

  • Omaxe Hills offers top-notch infrastructure, heightened security features, and attractive amenities like gyms and swimming pools.

• General Amenities:

  • The area comes packed with various amenities, making it a desirable spot for residents and investors alike.

Real Estate Market

• Market Activity:
  • The locality boasts over 125 properties, including varying configurations of builder floors, apartments, and land.
  • The market trend hints that buying or selling property in Suraj Kund is currently profitable due to the property values' appreciation.

PropertyWala's Conclusion

Suraj Kund, Faridabad, brings forth an encouraging opportunity for both buyers and investors in the real estate market. Significant year-on-year and long-term price appreciation make it an area that can promise good returns on investments. The locality offers a mix of property types, good connectivity, and desirable amenities, making it attractive for those considering buying or renting properties in Faridabad. Nevertheless, it is always wise to monitor current trends and consult with real estate experts before making any choices.