When it comes to South Delhi, has always been a preferred residential location where investors are vying to own a property. If you are looking for 4 BHK flats in Delhi, then this blog is surely going to help you in many ways. Despite high ticket size, the property demand in the location surpasses all its counterparts. Owning a 2 BHK flat in south Delhi has become a luxury quotient for every aspirant. Here is the list of factors corroborating the housing demand in South Delhi.
South Delhi is considered the posh region in the city. It comprises six of the costliest areas like Jor Bagh, Panchsheel Park, Greater Kailash, Shanti Niketan, Gulmohar Park, Prithviraj Road, etc. While the properties here command a premium, the top-notch infrastructure, good connectivity, contiguity to commercial hubs, and higher returns on investment fillip the realty demand.
Factors boosting the Housing Demand in South Delhi
Multiple Job Opportunities
South Delhi has a mix of residential and commercial buildings. The area has the presence of many reputed universities such as Jawaharlal Nehru University, Delhi University’s South Campus, Indian Institute of Mass Communications, Indian Institute of Technology (IIT), and TERI University. Moreover, there are many companies that have established operations in the area. Bloomsbury, Oil and Natural Gas Corporation (ONGC), Power Grid Corporation of India, Paytm, and Microsoft are among the major companies that cater to ambitious job seekers and working professionals residing in South Delhi. The location advantage of proximity to the Okhla Industrial area, which is considered the manufacturing hub of the pharmaceutical companies, and plastic and packaging industries, also keeps South Delhi on the homebuyers’ radar.
Infrastructure
A good infrastructure plays an important role in the real estate sector. With the pertinence to residential real estate in South Delhi, all developments in the area have posed a positive impact on the desirability and convenience of lifestyle. Infrastructure includes
- The newly developed Rao Tula Ram Flyover provides a signal-free road to the Indira Gandhi International Airport.
- Near to the popular colleges like Gargi, Lady Shree Ram, Shaheed Bhagat Singh, and Deshbandhu College and availability of hospitals like National Heart Institute and Fortis Hospital.
- Availability of best-in-class shopping centers and five-star hotels like Select City Walk, Hilton Garden Inn, and MGF Metropolitan Mall, among others.
- Green zones like the Hauz Khas Forest area and Jahapanah City forest helps to create an ecological balance and cool atmosphere. Moreover, the plan to rejuvenate the Hauz Khas lake is adding to the charm of the location.
- Delhi Metro connectivity through Yellow Line, Magenta Line, and Violet Line allows for easy access to parts of Central Delhi and Gurugram.
- The upcoming double-decker flyover on Mehrauli-Badarpur Road, revamping of the Chirag Delhi intersection flyover and plans to build a 33km long cycling corridor that will connect Tughlakabad, Greater Kailash, Nehru Place, and Delhi Secretariat is going to boost the connectivity in the area.
Conclusion
Malviya Nagar, Greater Kailash, Vasant Kunj, Saket, and Hauz Khas are some of the locations in South Delhi that are going to get a huge amount of investment from the end-users. The areas are going to involve the process of setting up infrastructures like plans to decongest the connecting roads around Malviya Nagar and Aurobindo Marg. The repair of the internal roads and the development of multi-level car parking are going to ease the traffic conditions in the nearby market of Hauz Khas.
Moreover, the presence of luxury residential apartments, bungalows, 2 BHK flat in south Delhi, restaurants, bakeries, pubs, and cafes, has also surged the end-user demand. Greater Kailash and Chattarpur Enclave have also seen more demand for the 4 BHK Flats in Delhi however, from high-end buyers investing in luxury residences as second home destinations.
