One of south Delhi’s most af­ford­able ar­eas

HT Estates - - HTESTATES - Harini Sri­ram

Vas­ant Kunj has, over the years, emerged as a much sought-af­ter res­i­den­tial lo­cal­ity in south­west Delhi. De­vel­oped by DDA in the late ’80s, this area is di­vided into five main sec­tors (A to E) which are fur­ther sub­di­vided into pock­ets start­ing from one. De­spite the rel­a­tively high prices, it continues to at­tract home buy­ers and ten­ants alike, thanks to its lo­ca­tion and the nu­mer­ous hous­ing op­tions avail­able.

Ganesh Va­sude­van, CEO, in­di­aprop­, points out to lo­ca­tion be­ing the big­gest USP of Vas­ant Kunj. “It is ideally lo­cated in close prox­im­ity to the Delhi air­port, na­tional high­way and the commercial hub of Gur­gaon. Wide roads and the Metro pro­vide good con­nec­tiv­ity. Com­pared to many other lo­cal­i­ties in this part of the city, Vas­ant Kunj is still rel­a­tively af­ford­able for people who as­pire to live in south Delhi. In terms of so­cial in­fra­struc­ture, the lo­cal­ity has ev­ery­thing in place, right from the best malls in Delhi to med­i­cal fa­cil­i­ties and schools. It is lo­cated close to the green belt with the ridge, for­est land (San­jay Vann) and JNU cam­pus - which give res­i­dents a much needed respite from claus­tro­pho­bic con­crete jun­gles.”

Prices in Vas­ant Kunj vary with ev­ery sec­tor with Sec­tor C be­ing the most ex­pen­sive as it has big­ger apart­ments and is closer to the high-end malls on Nel­son Man­dela Road.

On the pre­mium pric­ing in Sec­tor C, A lo­cal real es­tate bro­ker com­ments, “it also has a few pri­vate build­ings while t he rest of t he sec­tors are oc­cu­pied by DDA flats. C4 and C5 are the most ex­pen­sive with flats avail­able for as high as ₹ 8 crore, while the aver­age price in the other sec­tors for a 1,000 sq ft apart­ment is about ₹ 3 crore.” Some pock­ets of Sec­tor B are also ex­pen­sive.

B1, saysVa­sude­van, is also among the most ex­pen­sive sec­tors as it is less con­gested. This is fol­lowed by sec­tors A and D. “Sec­tor E is af­ford­able as it is lo­cated closer to the densely pop­u­lated ur­ban vil­lage of Mahipalpur and of­fers smaller flats,” he says.

The aver­age size for 1 BHK or LIG (Low In­come Group) apart­ments is around 500 to 700 sq ft, while for 2 BHK or MIG (Mid In­come Group) apart­ments, it is around 800 sq ft to 900 sq ft. You can find 3 BHK or HIG (high in­come group) apart­ments mea­sur­ing be­tween 1100 sq ft to 1250 sq ft. The aver­age price per sq ft is be­tween ₹ 14,000 and ₹ 20,000, depend­ing on the lo­ca­tion and sec­tor, says Va­sude­van.

Vas­ant Kunj is well con­nected by a ro­bust bus net­work and the clos­est Metro sta­tion is at Chat­tarpur on the Yel­low Line of the Delhi Metro. Ab­hishek Jain, a res­i­dent of Vas­ant Kunj, says, “I work in Gur­gaon while my wife’s of­fice is at Green Park. We were ini­tially look­ing for rental op­tions in Saket but it turned out to be too ex­pen­sive. Vas­ant Kunj seemed like a sen­si­ble op­tion be­cause of its con­nec­tiv­ity to Gur­gaon and prox­im­ity to other ar­eas of south Delhi. The area has some of the city’s best schools and malls and a cos­mopoli­tan mix of people. Be­sides, most im­por­tantly, it fit our budget too!”

The con­tro­versy re­gard­ing t he Com­mon­wealth Games ( CWG) flats in D6 has been some cause for con­cern among home­buy­ers. As a lo­cal bro­ker who deals with apart­ments in the newly con­structed blocks – Nar­mada, Saraswati, Ganga, Ya­muna and Kaveri, points out, “There is not much of an is­sue as far as Kaveri, Nar­mada and Saraswati are con­cerned. Work on t he base­ment car park­ing here is un­der­way and it might take a long time for it to be­come op­er­a­tional. In Ganga and Ya­muna though, there are prob­lems re­gard­ing pos­ses­sion, wa­ter and elec­tric­ity.” Oc­cu­pancy rates in these blocks is about 40%.

Park­ing is a prob­lem here along with the fact that own­ers seem to ex­tend and mod­ify their floors with­out spar­ing a thought to struc­tural safety. As Va­sude­van ex­plains, “Most of the sec­tors have old build­ings with load-bear­ing struc­tures. There is no con­trol on people al­ter­ing and tam­per­ing the orig­i­nal struc­ture for ex­tend­ing their houses. Also, since the area was ini­tially planned and sold to the ser­vice class people, there is a high per­cent­age of se­nior cit­i­zens in the area. Ab­sence of el­e­va­tors in the G+3 struc­tures is forc­ing some el­derly res­i­dents who can­not climb stairs to shift to new gated com­mu­ni­ties in Gur­gaon and Noida.”

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