Students, get your budget rentals here
Katwaria Sarai has i t s origins i n an ancient village. It is one of south Delhi’s overcrowded areas. Classified as ‘ Lal Dora’ land, this zone is free of norms of taxation and building bye laws. It’s also a residential locale that’s closest to the Qutab Institutional Area, a haven of education institutes like Indian Institute of Foreign Trade, I ndian Institute of Technology Delhi, Jawaharlal Nehru University, Inter national Management Institute and FORE School of Management, hosting students from different parts of the country. As a result, a large number of students flock to this place in search of accommodation, thus adding to the population.
Comprising of mostly narrow lanes, uneven and low lying roads, Katwaria Sarai has open air fast food joints, grocery shops, travel agents and utensil stores. This is in addition to a fairly large vegetable market over here.
Being cl assifi ed under ‘ Lal Dora’, l and valuations are comparatively low in this area. There is not much space between buildings, which results in indoor humidity and dampness.
To add to the woes of narrow lanes, missing pavements and crowds, the area is congested with parked vehicles. Most of these builder floors do not have parking facility, thus forcing residents to leave their vehicles on the road. Monsoons, too, are a nighmare for residents here.
However, a society built by t he Delhi Development Au t h o r i t y ( D DA ) , p o p u - larly known as Qutab View Apartments, is slightly better off with no water or electricity problems faced by residents. This location is also less crowded when compared to the apartments in the market area.
“The gover nment bought land from us for just paise 50 per sq yard to ₹ 1.5 per sq yard in lieu of extremely minimal compensation,” says Sahab Singh, a local resident. Since then, there has not been much infrastructural change here even though the population has virtually exploded and other parts of Delhi developed.
Green spaces, too, are not properly cared for. The many parks here are so badly maintained that children are forced to play on the streets. “People living in the interiors don’t have access to water. Whatever l i t t l e we get i s sometimes extremely dirty and unfit for drinking,” says Singh.
Despite being home to 60,000 people, Katwaria Sarai does not have a post office of its own, the nearest one being nearly 3.5 km away.
Those interested in investing here should know that prices of a typical plot area start from 100 sq yard and go up to 200 sq yard. The current land valuation here is ₹ 1 lakh per sq yard. Five years ago, the valuations ranged between ₹ 25,000 to ₹ 35,000 per sq yard.
What you get here are private builder and DDA apartments. The price of 1 BHK private builder apartment starts at ₹ 25 lakh. A 3BHK apartment in the area costs ₹ 75 lakh. The DDA flats are comparatively cheaper, with prices ranging between ₹ 25 lakh to ₹ 2.5 crore.
The average rentals in the area for both DDA and private builder flats are almost similar. Whereas a 1 BHK is available at a minimum price of ₹ 12,000, a 3 BHK is priced at around ₹ 18,000.
“Though there is no gated society here, the demand for property, especially rented apartments is good, primarily because Katwaria Sarai i s close to the Qutab Institutional Area,” says Kamal Anand, a property dealer.
Students can get 1RK accommodation at a price of ₹ 6,000. Air-condition apartments are also available on twin sharing basis at an average cost of ₹ 10,000.
Katwaria Sarai is a safe place for girls.