Properties in South Delhi cannot be afforded by most people nowadays. The neighbourhoods in the south are known to have peaceful environments coupled with well-developed social infrastructure. However, those with deep pockets should consider investment in the area, especially in Greater Kailash.
Greater Kailash is renowned for its green surroundings, luxury shopping zones, plush restaurants and affluent residents. The area is divided into two- GK I and II and both the areas house luxury buildings with large lawns and landscaped gardens.
The DLF Limited had developed GK I in the 1960s, right after the Delhi Government permitted private developers to construct colonies. It finds its place among the most elite neighbourhoods of Delhi. The main reason why flats for sale in South Delhi's Greater Kailash are in demand is its connectivity. The domestic terminal is around 17 kilometres from here while the international terminal is 22 kilometres away. The New Delhi Railway Station is at a distance of 15 to 16 kilometres while the Nizamuddin Railway station is 9 kilometres away.
After the metro railway was developed, residents of Greater Kailash were greatly benefited. The Kailash Colony Metro Station serves the area and is located at East of Kailash. It is a part of the violet line of the Delhi Metro Network.
Greater Kailash is known to be a shopper's paradise, for its proximity to the N and M Block markets. A large number of stores such as Puma, Next, Adidas, Lacoste and Giovanni area located here. Coffee shops and restaurants are also strewn about the area. Several renowned designers have started showrooms and outlets here which do brisk business thanks to the affluent residents of the area. Apart from being a well-developed locality to live in, Greater Kailash too has an affluent tag associated with it which is why more numbers of people want to live here.
Even though prices of flats for sale in Greater Kailash had increased manifold over the past four years, they have continued to be stable over the past year. For 2BHK flats for sale in south Delhi, the price was around Rs 35,000 to 45,000 per sq. ft. However, in 2011, the price shot up to Rs 65,000 to 75,000 per sq. ft. Since the real estate slump, prices of flats for sale in south Delhi have deflated and for GK, they hover between Rs 40,000 and 50,000 per sq. ft. They have been in this range since 2014.
Even after the circle rates for Delhi were revised, the prices of property in GK did not increase which has been welcomed by both end use buyers and investors. Buyers can negotiate with sellers over the price up to a margin of 2 to 3 percent. Therefore, those looking to buy flats for sale in south Delhi, this is a good time to invest in GK as property prices may increase in the near future. The present Delhi Government seeks to increase circle rates. Once put into effect, property may yet again rise to unaffordable levels.
Greater Kailash is renowned for its green surroundings, luxury shopping zones, plush restaurants and affluent residents. The area is divided into two- GK I and II and both the areas house luxury buildings with large lawns and landscaped gardens.
The DLF Limited had developed GK I in the 1960s, right after the Delhi Government permitted private developers to construct colonies. It finds its place among the most elite neighbourhoods of Delhi. The main reason why flats for sale in South Delhi's Greater Kailash are in demand is its connectivity. The domestic terminal is around 17 kilometres from here while the international terminal is 22 kilometres away. The New Delhi Railway Station is at a distance of 15 to 16 kilometres while the Nizamuddin Railway station is 9 kilometres away.
After the metro railway was developed, residents of Greater Kailash were greatly benefited. The Kailash Colony Metro Station serves the area and is located at East of Kailash. It is a part of the violet line of the Delhi Metro Network.
Greater Kailash is known to be a shopper's paradise, for its proximity to the N and M Block markets. A large number of stores such as Puma, Next, Adidas, Lacoste and Giovanni area located here. Coffee shops and restaurants are also strewn about the area. Several renowned designers have started showrooms and outlets here which do brisk business thanks to the affluent residents of the area. Apart from being a well-developed locality to live in, Greater Kailash too has an affluent tag associated with it which is why more numbers of people want to live here.
Even though prices of flats for sale in Greater Kailash had increased manifold over the past four years, they have continued to be stable over the past year. For 2BHK flats for sale in south Delhi, the price was around Rs 35,000 to 45,000 per sq. ft. However, in 2011, the price shot up to Rs 65,000 to 75,000 per sq. ft. Since the real estate slump, prices of flats for sale in south Delhi have deflated and for GK, they hover between Rs 40,000 and 50,000 per sq. ft. They have been in this range since 2014.
Even after the circle rates for Delhi were revised, the prices of property in GK did not increase which has been welcomed by both end use buyers and investors. Buyers can negotiate with sellers over the price up to a margin of 2 to 3 percent. Therefore, those looking to buy flats for sale in south Delhi, this is a good time to invest in GK as property prices may increase in the near future. The present Delhi Government seeks to increase circle rates. Once put into effect, property may yet again rise to unaffordable levels.
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