Great lo­ca­tion, af­ford­able prices

HT Estates - - HTESTATES - Harini Sri­ram

The his­tory of Pat­par­ganj dates back to the 18th cen­tury, when it was a thriv­ing town close to the Ya­muna river. Rav­aged by a se­ries of con­quests and bat­tles – in­clud­ing the fa­mous Bat­tle Of Pat­par­ganj (or Bat­tle Of Delhi) with the Bri­tish – the town lost its promi­nence as a trade cen­tre and store­house for food grains. While there wasn’t much ac­tiv­ity i n t he area al­most till the 1980s, it was only af­ter the 90s that Pat­par­ganj rose from its ashes, so to speak.

T he Delhi De­vel­op­ment Au­thor­ity (DDA) started con­cen­trat­ing on lay­ing out plots in east Delhi to meet the hous­ing re­quire­ments of peo­ple on the other side of the Ya­muna. About 175 acres of land was made free and plots for so­ci­eties and in­dus­tries were de­mar­cated and auc­tioned. Thus, Pat­par­ganj was back on the de­vel­op­ment radar in the 1990s, mak­ing it one of the first few or­gan­ised ar­eas in east Delhi.

Pat­par­ganj in­cludes Pan­dav Na­gar, Ganesh Na­gar and Vinod Na­gar, with Madhu Vi­har be­ing an im­por­tant mar­ket. It also spills on to what is called the Pat­par­ganj IP Ex­ten­sion, which has been ear­marked for so­ci­eties and colonies, and the Pat­par­ganj In­dus­trial Area, which has some fac­to­ries, of­fices, and so on.

While Pan­dav Na­gar re­mains a con­gested locality with in­de­pen­dent houses built wall-towall, the IP Ex­ten­sion has some well-de­vel­oped so­ci­eties where a lot of re­tired civil ser­vants and diplo­mats live. So, there is a huge dis­par­ity within Pat­par­ganj in terms of qual­ity of life, and this re­flects in the prices too.

“For in­stance, in Pan­dav Na­gar, a 50 sq yard builder floor with two bed­rooms is avail­able at 30 lakh to 35 lakh, and it may go up to 50 lakh, de­pend­ing on the size and ex­act lo­ca­tion and the age of the build­ing. A sq yard in, say, Pan­dav Na­gar, will cost about 2 lakh to 2.5 lakh. In IP Ex­ten­sion, a 1,250 sq ft apart­ment with two or three bed­rooms, will set you back by

1.8 crore, at least,” points out a lo­cal real es­tate bro­ker in the area.

In terms of rentals, both parts of Pat­par­ganj are quite af­ford­able, al­though there is a dif­fer­ence in rates. In Pan­dav Na­gar and parts of Vinod Na­gar, you might be able to rent out a 50 sq yard two-bed­room builder floor for 8,000 to 10,000 a month. In Pat­par­ganj IP Ex­ten­sion, you will have to shell out any amount from 15,000 to 30,000 for a 2BHK or 3 BHK (700 sq ft to 1,600 sq ft), and close to 7,000 to

10,000 for a small 1 BHK of 300 sq ft to 500 sq ft.

Anil Tiwari, a res­i­dent, says that the best part of Pat­par­ganj is its lo­ca­tion, which is why he tries to over­look the many prob­lems that plague the area. “I live in an in­de­pen­dent house near Pan­dav Na­gar and de­spite the many prob­lems here, in­clud­ing wa­ter, sewerage, crime and con­ges­tion, I con­tinue to live here be­cause it is cen­trally lo­cated. I work in the Pat­par­ganj In­dus­trial Area, which is just a stone’s throw away f rom here. It is close to cen­tral Delhi and is well- con­nected to the rest of the city and to Noida and Ghazi­abad.” He, how­ever, be­lieves that there needs to be more fo­cus on im­prov­ing the qual­ity of life in the Pan­dav Na­gar and Vinod Na­gar belt.

Thanks to its af­ford­abil­ity and con­nec­tiv­ity, it is home to a large stu­dent pop­u­la­tion. The near­est metro sta­tion, Ak­shard­ham, is just a kilo­me­tre away and the other sta­tion, Laxmi Na­gar, is at a dis­tance of about two to three kilo­me­tres. Both fall on the Blue Line of the Delhi Metro. “A large num­ber of peo­ple liv­ing in Pat­par­ganj run their own busi­nesses here or in the neigh­bour­ing ar­eas of Laxmi Na­gar, CP, etc. Now, we see a lot of work­ing pro­fes­sion­als here with of­fices in Noida,” adds Tiwari.

There are no shop­ping malls in Pat­par­ganj, but V3S, which is lo­cated in Laxmi Na­gar, is the near­est en­ter­tain­ment op­tion. It has a buzzing lo­cal mar­ket, and some tem­ples too.

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