Owning a home in the National Capital Delhi is a dream to many, but the ever high property prices shatter the dream of many home buyers who are now moving their interests towards other NCR cities. But wait; there are still some localities in Delhi where you can own a home at budget-friendly rates. Take a look at some of the affordable localities to invest in Delhi:
Uttam Nagar, West Delhi
Located in West Delhi, Uttam Nagar is a favourable locality among those home buyers who are looking for affordable homes. Uttam Nagar enjoys smooth connectivity to other residential areas like Dwarka, Janakpuri, Vikaspuri, etc. The locality also has its own metro station which connects it with the commercial center like Connaught Place and with one interchange to Millennium City, Gurgaon.
The average property price in Uttam Nagar is Rs 4,382 per sqft. A 1 BHK independent builder floor is available in the price range of 14-20 lakh, while a 2 BHK can be availed between Rs 21-30 lakhs.
Laxmi Nagar, East Delhi
When it comes to rental homes, this locality is a preferred locality amongst most of the students who come from other cities to pursue higher studies. However, one can also look for an affordable home in this area. Reason being, sound infrastructure, good connectivity via metro and road transport and presence of malls, hospitals, and educational institutions in the vicinity. If you looking to earn good rental income, then also you can invest in a home and can develop it into a PG.
At present, the average property price here is Rs 6395 per sqft.
Dwarka, South-West Delhi
Comprising of many areas and sectors, Dwarka is a mix of both affluent and affordable properties. There are many sectors in this locality which residential property starts 80-85 lacs onward. But, in recent years, many localities have emerged around this area like Dwarka Mor, Sector 12, 19, 22 and Dwarka Expressway which are offering properties at affordable rates. Presence of Metro also makes this area favourable amongst home buyers. For instance, the average property rates near Dwarka Expressway are around Rs 5,381 per sqft, while at Dwarka Mor, it is Rs 4,215 per sq.ft.
A 2 BHK at Dwarka Expressway starts from Rs 50 lakhs, while in Dwarka Mor it can be brought in between 30-35 lakhs.