That’s for diplo­mats

DELHI

HT Estates - - Property Classifieds - Vi­neet K Singh

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

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