October 16, 2013

Vasant Kunj in Delhi – Prime Residential Property Destination

Vasant Kunj in Delhi

Vasant Kunj is an affluent and prime residential and commercial hub of South West Delhi. Found on the hills of Aravali, Vasant Kunj is home to several prominent celebrities, businessmen and politicians, which is the main cause for the popularity of property in Vasant Kunj. The current Prime Minister of India, Manmohan Singh, is known to have his private residence in this locality. This place was developed by the Indian Government after obtaining farmlands from the neighbouring villages, including Masoodpur, Mahipalpur, Munirka, and Kishangarh (Delhi).

Vasant Kunj is divided into five large sectors, and each of these sectors is again divided into various smaller segments. One end of Vasant Kunj (Sector A-Pocket C & Sector D-Pocket 1) is just about 4 km away from the Qutub Minar in Mehrauli. And the other end (Sector E-Pocket 2) is approximately 6.5 km away from the Indira Gandhi International Airport.

There are many Delhi Metro stations in and around the Vasant Kunj locality. One is at Chhatarpur, which is located on the Andheria MOR, and another one is on the Yellow Line of the Delhi Metro and also at the Aerocity, which is located in Mahipalpur Chowk. It was considered to be a cut-off locality from the main city, but in the recent years, this locality has been progressing with the Delhi Metro and many bus services connecting major areas of Delhi. Some of the prominent neighbouring areas of this locality include Ber Sarai, Vasant Vihar, Masoodpur, Kishangarh and Saket. Excellent connectivity and ideal location near other prominent areas has boosted the sale of properties in Vasant Kunj and its surroundings.

The Vasant Kunj community is considered well-educated and prosperous as compared to the rest of Delhi, and has many reputed schools and colleges in this area, including:

•    Ryan International School
•    Bloom Public School
•    Bhatnagar International School
•    Delhi Public School
•    G D Goneka Public School
•    The Heritage School
•    Vasant Valley School
•    Jagannath International Management School (JIMS)
•    TERI University
•    Jawaharlal Nehru University

There are also many respectable healthcare establishments in this locality, offering latest treatment technologies. The Institution of Spinal Treatment & Research, the Indian Spinal Injuries Centre Hospital, Fortis Ft. Lt. Rajan Dhall Hospital and Indraprastha Apollo Clinic, etc. are some of the hospitals found here. Apart from these aspects, the place has broad spacious roads, lush green surroundings and well-laid social infrastructure. All these factors influence the flats for sale in Vasant Kunj.

Vasant Kunj boasts well-developed commercial spaces, with many retail outlets and four superior malls in its surroundings, which includes the Ambience Mall, DLF Emporio (said to be the most expensive mall in the whole of Asia) and DLF Promenade. These malls along with the ones in Saket have eventually emerged as the biggest shopping hubs in Delhi. These malls provide for both luxurious shopping and recreational experience to the customers and are definitely a boon for the increasing sale of Vasant Kunj flats. Apart from this, there is a bio-diversity park in this locality which was developed for the main preservation of flora and fauna. This has been considered as an example for modern bio-diversity management. Sultan Ghari, the octagonal tomb of Nasir ud din Mahmud, is also found in this locality which is near Rangpuri.

Nowadays, most of the residential apartments and flats are developed by the DDA; but in the early days, it was developed by the Indian Government by acquiring neighbouring lands. Some of the residential flats in Vasant Kunj include Kaveri Apartments, D2 Vasant Kunj, Saraswati Block II, ITC Welcomgroup Apartments, and E2 Vasant Kunj. The highest locality price of residential multi-storey flats for sale in Vasant Kunj is around Rs. 15790 per square  foot and the lowest price is around Rs. 15030 per square  foot. The average is around Rs. 15410 per square  foot. The return on investment has witnessed an increase of 2% q-o-q in June 2013.