Centre of attraction
One of the oldest residential localities in West Delhi, Janakpuri has been named after Raja Janaka, whose daughter Sita married Lord Rama in the Hindu epic Ramayana.
Janakpuri is divided into four blocks: A, B, C, D with sub blocks. Once the largest planned residential colonies in Asia, it has DDA flats (Approximately 10,000 in number) and other privatelybuilt houses across the four blocks.
The blocks have parks and at least one shopping centre each. The more popular ones are those in the C-4-E market and the B-1 super market. Block B is the ‘posh’ part of Janakpuri because of the high capital rates prevalent here.
The residential as well as commercial segments have posted steady growth. The current price of an independent floor is R9000 to R15000 per sq ft. There are different rates for flats for four income groups (IG) – janta, LIG, MIG and HIG flats.
Apart from flats, kothis are also available for the more affluent, their costs varying from R1 crore to R2.11 crore. Commercial real estate is currently priced in the range of R30 lakh to R9 crore, which works out to nearly R10,000 to R21,000 per sq ft.
Residential rentals, depending on location and number of rooms, are in the range of R8,000 to R35,000 per sq ft. Premium rates are charged for residential accommodation close to the Metro stations.
Shops can be leased at R10,000 to R32,000 per sq ft. A leisure and entertainment hub, the District Centre is obviously expensive to rent when compared to the block markets, with shop rentals going from R8000 to R60,000. Prices, however, depend on location and space.
Most locals and others in the neighbourhood are here on weekends to catch the latest movie at Satyam Cineplex or grab a capuccino at Barista or try out the dim sums and Tai Chi chicken at Yo! China. Berco’s is the other Chinese option. Moti Mahal Delux, Bemisaal and Dilli Darbar offer some interesting non-vegetarian options from fish fry Amritsari to rarha mutton to murg zaffrani tikka.
The Westend Mall also draws crowds because of its restaurants and coffee shops, including Cream Berry with its brownie sundaes and cream waffles.
Other eating out options include 34 Chowringhee Lane – no other eatery has such an astonishing variety of egg dishes on the menu – Bakington’s Biryani Corner, etc.
The presence of The Hilton has also added five stars to Janakpuri’s swank quotient.
According to Prem Kumar Singh, proprietor, Nimit Projects, “The real estate market here is stable when it comes to rental (rates). These have stayed more or less stagnant while the capital rates have shown a slight dip”. Singh is, however, optimistic of the market reviving soon.
A challenge that Janakpuri grapples with daily is the paucity of parking space. The water and power supply situation here, however, is fairly good compared to other areas close by.
Easy access: Janakpuri is well-connected both by road and the Metro