Area watch: Lajpat Nagar-ii
A 100 sq yard plot in this area commands a price of close to R3 crore (around R3 lakh per sq yd). A builder flat on a 100 sq yard plot with G+3 format commands a price of close to R1.25 crore. Smaller plot sizes command a higher price per sq yard as this market is essentially driven by small budget investors/end users. Rent for a 100 sq yard builder floor for residential use is somewhere between
and R20,000. It is precisely for these reasons that Archana Thiyagarajan, a media professional, chose to live in Lajpat Nagar. She says, “The apartment sizes are smaller here and the rents are reasonable. It is closer to my place of work and everything I need – groceries, things for the home, labour, etc – is available just round the corner. I live in a newly constructed flat, and if I were to move to, say, Greater Kailash, for instance, I would have to shell out more than twice my current rent for a similar place.”
That said, the area is bereft of even basic civic amenities, say some residents. Water supply is erratic and often contaminated and power outages are frequent in summer.
Lajpat Nagar II is one of the most affordable options in South Delhi with average rentals as reasonable as