Safe, af­ford­able and well-con­nected

HT Estates - - HTESTATES - Harini Sri­ram

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

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