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South Delhi epitomizes class and traditional chaos in equal measure
It has some of the ultimate addresses to vie for in India as well as historic monuments and urban villages. Razia Sultan led her kingdom from ruled her kingdom from Mehrauli in the 13th century.
Today, many a high and mighty rule the roost here.
South Delhi epitomizes class and traditional chaos in equal measure. If you are looking for a place to rent someplace here, there are many enviable options to pick from. Not only are many preferable neighbourhoods relatively close to Delhi’s central business district -Connaught Place and the international airport, they are also connected to industrial suburbs such as Noida and Gurgaon. What might excite some is the Delhi Metro that will soon dash through localities like Jor Bagh, INA, Green Park, Hauz Khas, Malviya Nagar, Saket, Qutab Minar and Chhattarpur before leaping into Haryana (for which the trial run was conducted last month).
The supply According to market insiders, there are residential options in localities like Defence Colony, Vasant Vihar, New Friends Colony, and Greater Kailash I and II.
Real estate dealers say, among category A neighbourhoods, you can also find rental accommodation in Shanti Niketan and West end.
Abhishek Raj Mudgal, proprietor, Shree Jee Associates, Safdarjung Enclave, says there is supply (for rented housing) across the area, including colonies such as Safdarjung Enclave, Green Park, Golf Links, Malcha Marg, Sunder Nagar and Safdarjung Development Area (SDA). A three-bedroom apartment can be rented for Rs 35,000 a month in SDA or Green Park, says Mudgil.
“If you have budget constraints, you may check out Anand Niketan,” says Sanjay Sharma, proprietor, SM Realtors, Defence Colony.
Another upscale option is Defence Colony, specifically A and D blocks, says Sharma.
“It is very central and one can, from here, get very quickly to Connaught Place, Supreme Court, High Court, railway station and to the airport.”
Those interested in having this premium zone as their address can rent a brand new, three-bedroom apartment for Rs 1.75 lakh to Rs 2 lakh a month while an old one goes for Rs 75,000 to Rs 90,000 a month, says Sharma. In Defence Colony’s A block, the rent for a new 1400-sq ft apartment is Rs 90,000 a month and Rs 55,000 to Rs 60,000 a month for an old construction.
Where Panchsheel Park and Anand Lok are concerned, rental values of independent houses (three-five bedrooms) are for about Rs 2.35 lakh to Rs 2.5 lakh.
Apartments of about 2300 sq ft to 3000 sq ft go for about 1.75 lakh to Rs 2.25 lakh.
As per multinational property corporation CB Richard Ellis (CBRE), the rental values for three/five bedroom independent houses range from Rs 2.25 lakh to Rs 2.5 lakh a month in Niti Bagh and SDA. The monthly rentals for 2300 3000 sq ft apartments vary from Rs 1.25 lakh to Rs 1.75 lakh in Niti Bagh and SDA. CBRE data shows the capital values of apartments ranging from Rs 20,000 to Rs 25,000 per sq yd in Friends Colony and Maharani Bagh. (CBRE figures are asking rates, not necessarily those at which transactions take place.) The attractions So, what makes south Delhi click? It has a whole host of eateries, cine plexus and shopping centers… You can chill out at places such as Ansal Plaza, Select City Walk, MGF Metropolitan Mall, DLF Emporio, to name a few. In addition, major markets include South Extension, INA market, Greater Kailash I, and Sarojini Nagar.
Then there is that slice of India, the greatest of crowd pullers, Dilli Haat, near INA.
The trendy Khan Market and Sunder Nagar market are not too far either.
When it comes to medical facilities, the area is serviced by some of the country’s best super-speciality hospitals.
South Delhiites have access to healthcare centres such as the private Max hospitals (multiple locations), Escorts Heart Institute and Research Centre (Okhla Road), Rockland (Qutab Institutional Area), Indraprastha Apollo (Sarita Vihar), Batra (Tughlakabad Institutional Area), GM Modi (Saket), Sitaram Bhartia Institute of Science and Research (Qutab Institutional Area) and the well-known, government-run All India Institute of Medical Sciences.
The competition However, posh south Delhi has serious competition from Trans-Yamuna, which has a slew of property options, expanding infrastructure and facilities, as well as the satellite town of Noida, now linked to the heart of the capital through the Metro.
Courtesy: HT Estates 20th Feb 2010
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