Realty hot spot: An affordable residential area in Delhi

In this week's ET Wealth realty hot spot series we take a look at the affordable residential area of Uttam Nagar in south west Delhi. The area covers the localities of Mohar Garden, Uttam Nagar West, Om Vihar and Uttam Nagar East. It offers affordable properties, catering to low and mid segment. It has excellent connectivity to prime job hubs like Gurugram, Connaught Place and Noida via metro connectivity. The area is also host to shopping malls, educational institutions and hospitals.

Uttam Nagar, Delhi is 16 KM away from the airport, 22 KM from the nearest railway station and 9 KM from the Ring Road. The price range of apartments in the area is between Rs 2,500 per square foot and Rs 5,690 per square foot. The average cost of 1BHK is Rs 17 lakh, 2 BHK is Rs 26 lakh and 3 BHK is Rs 42 lakh.

Locality snapshot: Uttam Nagar, New Delhi

Highlights

• Prominent residential area in South-West Delhi hosting affordable properties, catering to low and mid segment
• Has easy access to key job hubs of Gurugram, Connaught Place and Noida via excellent metro connectivity
• Key infra nearby - Adarsh Public School, Mahindru Hospital, Unity One Mall, Janakpuri District Centre etc.
• Sound road and metro network comprising Najafgarh Road, Pankha Road, Outer Ring Road and Blue Line of metro

Supply by BHK

Consumer preference by budget segment (Rs)

Consumer preference by covered area (sq ft)

• Schools 20+
• Hospitals 10+
• Restaurants 20+
• Banks 15+
• Grocery Stores 20+
• Petrol Pumps 15+

Source: Magicbricks