That’s for diplomats
One of Delhi’s most high-security and plush areas — home to embassies, high commissions and diplomats from all around the world — Chanakyapuri is named after Chanakya, prime minister and advisor to the first Maurya ruler, Chandragupt Maurya in third century BC. Chanakyapuri is close to Connaught Place in the heart of Delhi and is located just 14 km from the Indira Gandhi International Airport.
Important embassies/high commissions located here include those of the United States, the United Kingdom, Australia, Canada, Russia, and Pakistan. Some of the Capital’s most prominent educational institutes, The American Embassy School, Carmel Convent, the British School, Sanskriti, Springdales, Vidya Niketan and Jesus and Mary College are located here. The popular budget shopping bazaar in Sarojini Nagar too is close by and attracts colourful flocks of youngsters from the Delhi University daily.
Adding more glitz to Chanakyapuri’s glamour are five-star hotels, Maurya Sheraton, Taj Palace, the Diplomat, Hotel Ashok, and Hotel Samrat. The newest entrant in this long list is the uber luxurious Leela Palace.
Foodies here have innumerable dining choices, from AD Singh’s Olive Beach with its Mediterranean cuisine to the delectable Chinese and Japanese fare offered at Fujiya and Side Wok. Mughlai options are available at Al Kuresh and Moti Mahal. Those opting for cuisine from the North-West Frontier Province head for ITC’s Bukhara.
The closest major hospitals are Apollo, AIIMS and Safdarjung Hospital.
As residents include industrialists, diplomats and other embassy staff and officials and people from the civil and defence services, most properties here are in the highend category. According to Hemlata Raturi, proprietor of Classic Estates, “The Chanakyapuri real estate market is always on a high. Rates here keep moving up.”
One of the best features of the area is its greenery, thanks to the many parks here.
Shopping options include Yashwant Place and the market at Malcha Marg. Good bargains can be picked up at the Santushti shopping complex. For those wanting more variety and not opposed to venturing further and exploring more, Khan Market and Vasant Vihar are the other options.
Capital rates here are very high and fall within the range of R10,000 to R40,000 per sq ft. Costs of a 3BHK house in Chanakyapuri could go up to a whopping R18 crore to R50 crore, depending on the location, infrastructure and other facilities.
Rentals, too, are quite high, with a 3BHK independent builder floor likely to cost anywhere between R2 lakh to R3 lakh. The rates are higher for dwellings with 100% power backup and good parking facilites.
According to real experts of the area, the commercial market in Chanakyapuri is more or less dead as there is no option for renting or buying a shop here.
High on luxury: The charm of Chanakyapuri is augmented by luxurious hotels like the Leela Palace