Safe, affordable and well-connected
Mayur Vihar, sprawled across the Yamuna river, i s a f airly recent development in east Delhi. It came into existence i n t he 1990s and t he Delhi Development Authority (DDA) planned to divide the area in three phases. Phase III is the latest addition to the area and planning for it begain in 1996, with DDA making the first batch of allotments in Janta Housing Complex, LIG, MIG and HIG sectors. Phase III borders the villages of Kondli and Kalyanpuri and is also located very close to Noida.
Most of the residents of phase III are either from the neighbouring villages or people who have jobs in Noida and central Delhi. Although this area does not have a Metro station, it is well-connected by road and has a reliable bus network too. The closest Metro station is at Mayur Vihar Extension, about five km from here.
This phase is divided into a number of residential pockets, each catering to a particular housing category. For instance, LIG apartments, which are predominantly 1 BHK units of about 32 sq m are located between pockets A1 and A3. MIG apartments, measuring over 800 sq ft, have two or three bedrooms, while HIG units – 3 BHK apartments of size 1,200 sq ft or more, are located in pockets A to D.
“Most of these flats were allotted more than 10 years ago,” says a local real estate broker, “In 2010, though, a new range of LIG flats (around 32 sq m) were allotted and these were priced at around ` 22 lakh to ` 28 lakh.”
Since this area caters to the mid-segment buyer, prices of apartments fall under the affordable bracket. The apartments are basic and come with open parking spaces, and one can buy an apartment for anywhere between ` 20 lakh to ` 1.5 crore, depending on the size and location. There aren’t many builder floors or independent houses in this area, so the best option is to go in for an apartment as per your budget and space requirements.
SK Sharma, a Mayur Viharbased real estate agent says, “In addition to the LIG apartments allotted in 2010, the old apartments in the same category, (allotted in the late 90s to early 2000s) are available in the secondary market for about ` 55 lakh to ` 60 lakh. These have been extended by its owners to cover an area of 50 sq m. Some of these units have additional bedrooms or a study in place of a balcony.”
Phase II i s also home t o many good schools, including Ryan Inter national School, Vidya Bal Bhawan and St Mary Senior Secondary School. Colleges in the vicinity include Maharaja Agrasen College (Delhi University), and other institutes like Jaypee, Jaipuria Institute of Management and Amity in Noida.
No wonder then that Mayur Vihar has a substantial student population and many young working professionals, from different parts of the country, particularly from the south. Aarti Bhagat, who works in an MNC in Noida, has been living in phase III for the last two years. She shares a 2BHK apartment with a friend of hers. “I think that this is an affordable, convenient and safe area to live in. We pay a rent of close to ` 14,000 and our individual share is only about ` 7,000 per month. I drive down to work everyday and it takes me, say, 30 minutes one way,” she says. As for entertainment options, she heads to either Star City Mall in Mayur Vihar phase 1 or DLF The Galleria, in the same area. Akshardham and the Commonwealth Games Village are close by too.
The rentals here are in the range of ` 5,000 to ` 7,000 for a small LIG or a Janta flat, around ` 14,000 to ` 16,000 for an MIG flat and ` 20,000 upwards for a HIG flat, says Sharma. Though the area is safe and well-connected by road, the only disadvantage is that it gets congested sometimes. “Also, if you are commuting from south Delhi, the route is tricky and confusing,” Sharma adds.
Although Mayur Vihar phase 3 does not have a metro station yet, it is linked by a good road network to both Delhi and Noida