October 14, 2013

Delhi’s Leading Residential Areas

A metro with the second largest population in India, Delhi showcases the history of India, along with the most modern infrastructure. It has constantly been the capital of many kingdoms right from the Pandavas through the Mughals. Old Delhi has imbibed and retained the flavor of all these varied cultures. There are over 175 national heritage monuments here.

In North India, this is the largest economic centre, and the per capita income is among the highest in India. The Indira Gandhi International Airport is the centre of connectivity to the rest of the country and the world. The metro rail and an excellent railway service are hallmarks of the transport facilities available here.

Delhi’s Leading Residential Areas

Connaught Place

Connaught Place is a hub of business, shopping malls and restaurants. Circular in form; with three circles, restaurants, hotels and shops can be found in Indira Chowk or the outer circle. Starbucks, Parikrama, The Revolving Restaurant, Rajdhani, Barbeque Nation, and Andhra Bhavan are a few of the eateries in and around Connaught Place. The Palika Bazaar is the oldest underground market, and the middle circle contains small shops and offices. The central park hosts cultural events and everything from electronic goods to shoes is available in Connaught Place at a much cheaper rate than elsewhere. Property here is at a premium and developers include many features like round the clock security, fire alarm systems, power back up and intercom facilities etc. The area also has a very high return on investment apart from the prestige of owning property in the heart of Delhi.

Golf Links

Golf links is one of the most posh and upscale localities in Delhi. It lies near the golf course with the Supreme Court, India Gate and the Delhi High Court in close proximity. Set in lush and beautiful surroundings with round the clock security arranged by the residents’ association, this area has larger bungalows and villas along the outer region, while the inner area houses or plots are of smaller dimensions. Living here is seen as a status symbol and one would be in the company of eminent people like Raman Kumar Sood, JR Sood, (Eros group), Ranveer Singh Oberoi, Dushyant Dave, CNN Reuters and BBC chiefs among others. These leafy locales come at a hefty price; however, and prices quoted are anywhere in the millions of US dollars. Prices per square foot could be well over Rs 2,00,000 for villas and around Rs 50,000 for apartments. For those who can afford it though, the address speaks for itself.

Dwarka

Situated in South West Delhi, it is one of the affordable places in Delhi, and has been designed to form almost a compact self-contained sub city within the city. It is ideally suited for residences, and is very clean and organized, with excellent infrastructure. The metro rail connects it to the centre of the city and the Airport Express Line accomplishes commuting to the airport in a matter a few minutes. Eight metro stations provide connectivity to major localities in the city. Sectors are in the shape of co-operative societies. The Pinnacle Mall, Vardhaman Shopping Mall and Eros Metro Mall provide excellent shopping. There are many educational institutions like the CRPF Public School, Pragati Public School, Bal Bhavan International School etc. Ambedkar University, National Law University, Sarin Institute of Applied Engineering are some institutes for higher education.

Greater Kailash

This area, although not as expensive as Golf Links, still provides housing to Delhi’s affluent. As a result of this, many international brands like Puma, Nike, Adidas and Giovanni have opened their stores here.  The location is also fast becoming a home to multi nationals and banks, and can be easily accessed from the Outer Ring Road. The Return on Investment is also very high currently and the area is expected to see continued growth in the realty sector.

1 comments: