Area watch: La­j­pat Na­gar-ii

HT Estates - - Front Page -

smaller bud­gets.”

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

to

a month

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.