A premium residential locality in south Delhi
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.