A pre­mium res­i­den­tial lo­cal­ity in south Delhi

HT Estates - - HTESTATES - Harini Sri­ram

Saket is among the plush res­i­den­tial colonies in south Delhi. Con­sti­tut­ing res­i­den­tial blocks from A to N, it was de­vel­oped by DDA some­time in the 1970s. Once con­sid­ered the far end of the city, it was known for its prox­im­ity to Qutab Mi­nar and its rel­a­tively peace­ful and green neigh­bour­hood.

Saket to­day is very much close to the cen­tre of the city and boasts of Delhi’s best malls and restau­rants. As far as res­i­den­tial op­tions go, Saket has thou­sands of DDA apart­ments across cat­e­gories – 1 BHK, 2 BHK and 3 BHK units, be­sides a few private play­ers and builder floor op­tions.

JS Rekhi, pres­i­dent, RWA, Golf View Apart­ments, Saket, has been living in the so­ci­ety since 1975. “This so­ci­ety has about 468 apart­ments – 2 BHK and 3 BHK units. When the flats were al­lot­ted by DDA in 1974, 2 BHK units were avail­able for ₹ 34,000 to ₹ 44,000 while 3 BHK units were priced at ₹ 55,000 to ₹ 59,000,” he says.

To­day, the mar­ket value of a 2 BHK unit in the so­ci­ety is up­wards of ₹ 1.5 crore.

Man­ish Sharma, a real es­tate agent who han­dles prop­er­ties in south Delhi, points out that Saket con­tin­ues to be a much sought- after op­tion for those look­ing to buy or rent apart­ments. He says that a 3 BHK apart­ment be priced at around ₹ 3.5 crore roughly, while a larger builder floor with park­ing can cost even up to ₹ 5 crore on an av­er­age.

One of t he biggest plus points of Saket, ac­cord­ing to res­i­dents and bro­kers, is the pres­ence of some of the city’s finest malls here. Sharma says that the malls are a huge pull, es­pe­cially among peo­ple look­ing for rental op­tions in and around Saket. “The rental for a 2 BHK unit in the vicin­ity of the malls can be around ₹ 40,000 to ₹ 45,000 and can even go up to ₹ 60,000 for a larger fully-fur­nished apart­ment,” he says.

Rekhi says that the Metro sta­tion is one of the biggest sell­ing points of Saket, and it has made life so much eas­ier for its res­i­dents. The area is ser­viced by two Metro sta­tions – Malviya Na­gar and Saket. That apart, he adds that the lo­cal­ity also has some of the best schools, hos­pi­tals and recre­ational fa­cil­i­ties in the city, re­sult­ing in a cos­mopoli­tan mix of peo­ple cut­ting across de­mo­graph­ics. “Lawyers, doc­tors, busi­ness­men, teach­ers, prin­ci­pals, etc, pre­fer living close to Saket as it has a num­ber of good schools, courts and com­mer­cial spa­ces,” he adds.

Ev­ery block has its own parks and gar­dens which are main­tained ei­ther by the MCD or by the RWA of the re­spec­tive so­ci­eties. Golf View Apart­ments also has its own CCTV cam­eras (for se­cu­rity), well-main­tained gar­dens and spa­ces de­mar­cated for se­nior-cit­i­zens where they can chat or play some in­door games or read in the li­brary, all de­vel­oped by the RWA.

The J Block mar­ket has a num­ber of small pro­vi­sion shops and other op­tions for res­i­dents and stu­dents. Not far away from the lo­cal mar­kets are the most hap­pen­ing malls in the city – Se­lect City walk, DLF Place, Metropoli­tan Mall, etc, in the Saket Dis­trict Cen­tre. Be­sides, Saket also houses one of the coun­try’s first mul­ti­plexes, PVR Cine­mas Anu­pam.

The lo­cal­ity has at least 16 schools, four big hos­pi­tals and plenty of mar­kets and malls, mak­ing it a pre­mium res­i­den­tial neigh­bour­hood in the city. DDA also main­tains a Sports Com­plex in Saket.

Traf­fic is, how­ever, an is­sue for res­i­dents as the roads are not wide enough. Be­sides, thanks to the schools, traf­fic jams are an ev­ery­day oc­cur­rence. Rekhi says that un­less a fly­over or some other con­crete ac­tion taken, the roads will be rife with bot­tle­necks and un­safe for school chil­dren and ev­ery­one else us­ing the roads.

Crime rates in the area are go­ing up, too, say res­i­dents and bro­kers. “Chain-snatch­ing has be­come quite com­mon not only on the streets, but even within so­ci­eties. In our own block, de­spite se­cu­rity mea­sures, we have had an in­stance of chain­snatch­ing well in­side the so­ci­ety just out­side the apart­ment,” says Rekhi.

Park­ing, he says, is not much of a has­sle in his block, but it is a ma­jor prob­lem plagu­ing the whole of Saket, and the city at large. “Thanks to the malls, mar­kets and schools, there is se­vere traf­fic con­ges­tion and a space crunch when it comes to park­ing,” he adds.

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