Due to its high-end luxury and premium offers, the Delhi real estate market has become more well-known. There are very few regions in Delhi where you can buy property without burning a hole in your pocket because large-scale private development in the national capital is still quite limited. These reasonably priced areas of Delhi are found on the outskirts, where infrastructure is still being developed but the connection is acceptable. To discover the house of your dreams within your budget, look at the top 6 affordable localities in Delhi for investment.
The most desirable areas in Delhi for property investment:
Uttam Nagar:
Uttam Nagar is one of the areas in west Delhi that has recently gained prominence due to the abundance of affordable housing options. The majority of the housing units in Uttam Nagar are in standalone buildings with basic amenities. The metro connects the area to some of the national capital's most important hubs, including Noida, Connaught Place, Dwarka, and south Delhi. There are several schools, hospitals, and shopping centres nearby, making it a popular choice for families.
There are a number of illegal structures in the area, and home buyers should conduct property due diligence before signing on the dotted line.
RAJ NAGAR EXTENSION:
This is a developing residential area with affordable apartments and houses located along the Meerut bypass six-lane Highway NH 58. It is well connected to the Delhi neighbourhood of Anand vihar. In addition, a BCCI international cricket stadium project has been proposed in this area. It has nearly 32 housing projects with a total of 16000 apartments. This could be the next affordable housing destination in the Delhi NCR region.
Dwarka Mor
Dwarka Mor is Best Locality in Delhi , which is well-connected by metro and other modes of public transportation, has a variety of residential properties, with independent floors accounting for the majority of the market. Dwarka Mor provides all of the basic livability amenities that a homebuyer looks for. Indraprastha University, as well as numerous schools and hospitals, are located nearby. It is an excellent choice for buyers in the affordable and mid-range segments who work in Gurgaon or Central Delhi. The majority of the residential development in this area consists of builder floor Dwarka delhi and self-built houses.
In terms of connectivity, Najafgarh Road and Azad Hind Fauj Marg are the two major roads in the area. Additionally, the Blue Line of the Delhi Metro serves the area well. The average property 'asks' in this neighbourhood ranges between Rs 3,800 and Rs 4,500 per square ft. While property prices in Dwarka mor have remained stable in the last year due to a weak market, the area has experienced a 10% price increase in the last five years.
SANGAM VIHAR:
This is a posh area because it is part of the 70 Vidhan Sabha Constituencies and the South Delhi Lok Sabha Constituency. The affordable flats in this area can immediately solve the housing problems that people in the Delhi NCR region are experiencing. Nowadays, property prices are so low that even the average person struggling to live in this prominent area can afford the flats.
Nawada:
Nawada is another area in west Delhi that has grown in popularity as a result of the presence of a number of affordable builder floor options. Nawada is a cost-effective option for those who want to be close to the metro line and have access to all amenities because of its proximity to Dwarka. The infrastructure is excellent. However, despite being designated as an urban village, the internal roads remain narrow and congested during rush hour. The neighbourhood has a number of eateries and shopping complexes, making it a good choice for families.
Govindpuri:
Govindpuri, located in south-east Delhi, is one of the areas where property prices have remained stable for a long time. The area has metro connectivity, making it one of the most popular real estate markets for buyers. There are a variety of independent housing options available, as well as builder floors, to suit all budgets. Because the area was classified as one of the national capital's urban villages, infrastructure is still being built. Govindpuri's surrounding areas are some of the most affluent in Delhi.