Why Is Nehru Place Such A Desirable Investment Location In Delhi?
Despite its popularity as an employment zone, Nehru Place has attracted buyers for its residential stock as a result of its smooth connection and overall development. Nehru Place, located in the posh South Delhi market, is a popular residential alternative for individuals who do not want to commute far around the city to get to work because it is immediately off the Outer Ring Road. Here are some of the advantages why you should invest at Nehru Place, with metro and bus connections running through it.
A well-known commercial district
Nehru Place is one of Delhi’s oldest and most important commercial districts. Similar like Gaffar Market in Karol Bagh, the region called as the ‘computer market’ is particularly visited by persons who trade in gadgets, apps, and hardware components.
It also has various commercial office buildings, including Eros Corporate Tower, Devika Tower, and Modi Tower, among others. Because of the nature of the business, the area is home to several software companies of all sizes, including CSM Software Private Limited, Syntax Soft-Tech India Private Limited, and iTouch Technologies Private Limited, to mention a few.
Nehru Place is not only a commercial hotspot in and of itself, but it is also well-connected to other business zones in the city, including Bhikaji Cama Place, Okhla Industrial Area, and Saket, each of which is within seven kilometres of the neighbourhood.
A built-up residential area
Although Nehru Place has made a name for itself in the commercial sector, it is also important to notice its success in the residential sector. The housing stock in this area is mostly made up of 4 BHK flats and higher, with varying prices between Rs 8 crore and Rs 30 crore. The majority of the properties are standalone builder floors and independent residences, with average per sq ft prices ranging between Rs 18,000 and Rs 24,000.
In terms of rental demand, Nehru Place mostly serves professionals working in the surrounding neighbourhoods. The houses for rent are mostly big 4 BHK flats, with monthly rates beginning at Rs 1 lakh. A 1 BHK flat, on the other hand, earns roughly Rs 35,000-38,000 per month.
Unparalleled connectivity
Nehru Place is among the most well-connected locations in South Delhi, having both bus and metro networks. The neighbourhood has its own bus station, the Nehru Place Bus Terminal, which provides bus service across the city, particularly in East Delhi.
The area is additionally served by two specialized metro stations on the Violet and Magenta Lines: Nehru Place Metro Station and Nehru Enclave Metro Station. Inside a three-kilometre radius, there are five additional metro stations including the Okhla Railway Station.
The location is close to the Outer Ring Road, which provides for deeper integration with the National Highway (NH)-19, Sri Aurobindo Marg, and Lala Lajpat Rai Road, among several others. As a result, Nehru Place provides access to public transportation all day long.
Social and retail facilities that are thriving
In terms of social infrastructure, Nehru Place is home to a number of prestigious hospitals, including the All-India Institute of Medical Sciences (AIIMS), Vardhman Mahavir Medical College and Safdarjung Hospital, and Fortis Escorts Heart Institute, among many more.
Within five kilometres of the neighbourhood lies the South Campus of Delhi University, which is home to colleges like as Gargi College, Deshbandhu College, and Kamala Nehru College. Surprisingly, the location is also close to well-known institutions such as The Mother’s International School, Springdales School, and The Indian School, among others.
Numerous historical landmarks, like as the Qutub Minar and Tughlakabad Fort, are also nearby, as is the Mehrauli Archaeological Park, which is renowned with wildlife enthusiasts. Residents of Nehru Place have access to several shopping centres, including Select CityWalk Mall, DLF Avenue Mall, and Epicuria Food and Entertainment Hub, to mention a few.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
