Tuesday 28 August 2012

Buy Residential properties in Delhi | Real estate Investment in Delhi


DDA (Delhi Development Authority) has divided Delhi into 16 zones namely, A (Old city), B (City extension-Karol Bagh), C (Civil Line), D (New Delhi), E (Trans Yamuna), F (South Delhi-I), G (West Delhi-I), H (North West Delhi-I), J (South Delhi-II), K (South West Delhi), L (West Delhi-III), M (North West Delhi-II), N (North West Delhi-III), O (River Yamuna), P (North Delhi) and M, N & P [Part] (Narela Subcity).  

The prominent residential areas of Delhi falling under any one of the above zones as per their location are Vasant Vihar, Janakpuri, Vikaspuri, Vasant Kunj, Dwarka, Lodhi Colony, Paschim Vihar, Preet Vihar, Mayapuri, Rohini, Naraina, Laxmibai Nagar, Golf Link, Chanakyapuri, Shanti Niketan, Jor Bagh, Lutyens Delhi, Panchshil Park, Friends Colony, Maharani Bagh, New Friends Colony, Gulmohar Park, Geetanjali Enclave, Hauz Khas, Padmini Enclave and Anand Niketan. 

Chanakyapuri, Lutyens Delhi, Golf Links, Sunder Nagar and Jor Bagh offer both individual houses as well as apartments for residential purpose. Most of the residential properties located in these regions are bungalows offering a lavish lifestyle. Let us unravel the mystery of why some of these specific residential areas fare better than the remaining areas. 

Golf Links colony comprises around 220 residential properties out of which apartments or flats outnumber the individual houses. The area has both big and small sized plots. It is one of the oldest colonies constructed in ’60s and has a peaceful and sophisticated neighborhood. Jor Bagh is a yet another old and quiet residential settlement. The houses are regular and located at an accessible distance from the market with trees lining the streets. It also has around 220 houses with majority of them being apartments. These were also built in the late ’60s. Sunder Nagar also has more of apartments (3 or 4 BHK) with a peaceful ambience and a small market of its own. The area is rich in parks located inside the colony. 

Lutyens Delhi is one of the best known addresses for residential properties. A posh area with grand houses boasting of far-stretched gardens drills a huge hole in the pockets. Chanakyapuri is an abode of expatriates and their families as it has British, American and German schools for their education. Also, Chanakyapuri houses several embassies. Thus, it is well-populated with foreign nationals. All the aforesaid residential areas face very less shortage of water and power cuts. The MCD takes special care to upkeep the maintenance of these colonies. Vasant Vihar is another residential area in demand with the green foliage lining the streets. An ideal location with close vicinity to the schools, embassies, airport and shopping centers make it pricey and posh.

Apart form the basic amenities of water, electricity and proper sewage facility Delhiites also look forward to other possible facilities like parks, parking space, club house, security, elevators, gym facilities and whether the residential area is in close vicinity to the shopping and commercial areas. With the spending limits going up, people are no more hesitant in splurging money to get a comfortable and luxurious lifestyle and a residential property which is chick and classy.

It is a responsibility of the civic or municipal authorities of Delhi to ensure a safe, clean and sustainable environment in the residential properties. Efforts should be made to fulfill the basic demands of water, electricity and sewage disposal and all the residential projects should be built in accordance to the law. While developing residential projects the civic authorities should ensure that the areas have ample of foliage to decrease the pollution. Rows of trees should be planted by the roadside. All measures should be taken to make Delhi the first choice of people rather then people fleeing away looking for a shelter somewhere else.

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