YOUR CITY NORTH DELHI Linked to the future

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:"Times New Roman"; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;}   Syed Amir Ali Hashmi finds both residents and real-estateprices in North Delhi upbeat -all thanks to better connectivity   Aregion in the city that can boast of its own special charmis North Delhi. Much of it is due to the presence of the scenic DelhiUniversity campus. Another aspect to the charm is added by Azadpur Mandi, wherethousands of tonnes of fruits and vegetables land before finding their way todifferent parts of Delhi and neighbouring states. North Delhi is well connectedwith other parts of Delhi through local buses and the Metro. In fact, thesuperb connectivity offered by the Metro has had a very favourable effect on the realestate scenario here. North Delhi encompasses an area of 60 sq. km. Major localities here includeAlipur Road, Ashok Vihar, Azadpur, Civil Lines, Kashmere Gate, Model Town,Mukherjee Nagar, Navjiwan Vihar, Pitampura, Prashant Vihar, Rajiv Nagar, RaniBagh, Rishi Nagar, Rohini, Shakti Nagar, Shalimar Bagh, Surya Enclave, VardhmanNagar, Vivekanand Nagar, Wazirpur and Inderlok. Dr Prashant Bhasin, a dental surgeon who runs his own clinicin Shakti Nagar, was born and grew up in North Delhi. His grandparents as wellas parents have called the Ashok Vihar area their home. "I would say that in the last ten years the area hasevolved to a great extent. The (development resulting from the) Commonwealth Games has had a good effecthere and the Chatrasal Stadium has been upgraded to international standardsand, yes, this will help the people staying here, especially those interestedin sports," says Dr Bhasin. North Delhi, he adds, has seen vast improvements in the lastdecade. Along with many malls that have come up more recently, there has beenwidespread elctrification of the roads, facilitating the installation ofstreetlights. Lanes where residents never used to venture after dark arewell-lit and safe now, says Dr Bhasin. "In Shakti Nagar Extension, a cricket academy has comeup, and we've had some swimming pools come up in the area as well. One morestadium has come up on Lawrence Road. All this means that North Delhi hassomething for all ages and takes special care of kids' needs too," says DrBhasin. North Delhi is also one of the first regions to havewitnessed improvements in connectivity to the Central Business District (CBD)due to the Delhi Metro. Ever since the Vishwavidyalaya ­ Central SecretariatMetro link became operational, many North Delhi locations have seen a rise in propertyprices . In six months, the Jahangirpuri-Central Secretariat-QutabMinarGurgaon Metro link is expected to get operational. This in turn will allow easier access to various South Delhi locations and willalso improve connectivity to Gurgaon. It is widely believed that this will improve North Delhi'sstatus as a key residential zone and will drive propertyprices and rental values upwards. With increased accessibility to the CBD and other areas, thecapital and rental values have seen a marked increase. Real-estate expertsbelieve that areas such as Model Town and Azadpur have seen an appreciation ofabout 30 per cent in capital value. When it comes to the residential segment, houses near Metrostations attract higher capital and rental values. Shailendra, a real-estate agent ,says that when the Metro reached DU's North Campus, the rentals went up by50-70 per cent. "The introduction of the Metro has meant that peoplefrom other parts of Delhi are moving to this area. It has also improvedconnectivity greatly. Business centres have come up as have some new hospitals.Fortis has come up in Shalimar Bagh, and there's Max Hospital in Netaji SubashPlace," says Dr Bhasin. The developers are active here, too, now. ParsvnathDevelopers has launched two residential projects -near Civil Lines and SubhashNagar Metro stations. The same developer is also coming up with La Tropicanaapartments and villas on Magazine Road, Civil Lines, a project launched in2005. The project boasts sophisticated designs for three, fourand five-bedroomapartments, penthouses and villas. The company started construction in August 2009 afterobtaining the requisite approvals including sanction of building plans by theMunicipal Corporation of Delhi. The M2K Group, which has malls in Rohini and Pitampura, iscoming up with Victoria Gardens, a freehold, residential project in the ModelTown area. A look at real-estate prices :One-room janta flats in Pitampura, with an area of about 200 sq ft to 250 sq.ft, are priced at Rs 10 lakh to Rs 20 lakh. LIG flats, with one bedroom and adrawing room, spread across 400 sq. ft can be bought for Rs 30 lakh to Rs 35 lakh in Pitampura. MIG flats come forRs 40 lakh to Rs 65.7 lakh; super MIG (1150 sq.ft.) go for Rs 50 lakh to Rs 75lakh; and HIG flats (1150-1450 sq.ft) are going for Rs 75 lakh to Rs 1.25crore. Plots measuring about 200 sq yd in Pitampura are available for about Rs2.25 crore to Rs 2.5 crore.   Courtesy: HTEstates 20 th Feb 2010 For more information regarding apartment in gurgaon, bedroomapartments, buy property in india, commercial complex in india, commercial realestate, commercial space in gurgaon, dealers, flats for sale, indian realestate investment, investment options in real estate, luxurious flats, malls,office space, office space in gurgaon, online real estate, penthouses gurgaon,plots, property consultants, property in gurgaon, property india, propertyinvestment, real estate company, real estate developer, real estate gurgaon,real estate in india, real estate investment strategies, real estate market,real estate news, real estate portals, realtors, realty, residence, residentialreal estate, sell property, shop, villas, Residential Apartment   Visit www.zameen-zaidad.com          www.propertycafeteria.com

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