The purpose of this study is to investigate the best suitable pan sharpening method for CARTOSAT-2E satellite launched by ISRO (Indian Space Research Organisation). This satellite provides high resolution images that are being used for many urban applications such as mapping, feature extraction, facility management etc. The synthesized image using pan sharpening method enables users to take the combined advantage of the best available spatial and spectral resolutions. In this paper, various pan sharpening methods based on component substitution (CS) and Multi Resolution Analysis (MRA) are applied on the CARTOSAT-2E images and the resultant images are tested for their qualitative and quantitative performance. Qualitative analysis is carried out based on image blur and spectral distortion and quantitative evaluation is performed using image metrics by comparing the synthesized image with the original image. The results show that the High-Pass Filter (HPF) method offers the good spectral fidelity. However, due to its inherent stair-casing effect in the resultant image; modified-IHS followed by PRACS method is found to be preferable for automatic urban feature extraction from CARTOSAT-2E images.