Real estate hotspot series: why Saket is an advantageous residential area in New Delhi

This week’s ET Wealth real estate hotspot series takes a look at an established residential neighborhood in New Delhi – Saket. The locality of the national capital has a first-rate social and commercial infrastructure. The city’s main shopping malls, Select Citywalk and DLF Place, are located in this area. The locality offers excellent connectivity via the Delhi Metro Yellow Line and via MG Road and Aurobindo Marg. The price range of apartments in the area is between Rs 8,300 and Rs 20,700 per square foot. The average price of 2BHK is Rs 85 lakh, 3 BHK is Rs 2 crore and 4 BHK is Rs 4.40 crore.

Location Snapshot: Saket, New Delhi

  • Established area with excellent social and commercial amenities
  • Key Amenities – Sri Aurobindo College, Max Super Specialty Hospital, proximity to IIT Delhi and AIIMS
  • Major malls in Delhi – Some Citywalk and DLF Place malls are located here
  • Well served by the Delhi Metro Yellow Line with good road connectivity via MG Road and Aurobindo Marg

locality

Pg24-2

Supply by BHK

Pg24-3

Consumer preference by budget segment (Rs)

Pg24-4

Consumer preference by area covered (pc)

Pg24-5

  • Schools 20+
  • Hospitals 20+
  • Restaurants 25+
  • Banks 15+
  • Groceries 20+
  • Gas Pumps 20+

Source: Magicbricks