The National Capital, Delhi has always remained a top preference among property buyers when it comes to investment. Reason, good standard of living, best infrastructure, Sound connectivity, well-developed roads and above all many flourishing localities that are offering ample affordable, mid-segment as well as luxury housing options to the home buyers. Among all such localities, Uttam Nagar in recent years has emerged as real estate investment hotspot in Delhi.
Located in West Delhi, this locality is a mix of both the middle class and upper middle class families who are living in two of its sub-areas- Uttam Nagar (East) and Uttam Nagar (West) from past many years. The area is well connected to other areas via Blue line of the Delhi metro and this is the main reason why this area has gained momentum in the past few years. Also, proximity to International airport as well as the Gurgaon calls upon many working professionals to buy a home here. Apart from this, state-run buses are also available for commuters at regular intervals. The area also enjoys smooth connectivity to the commercial hub of Delhi i.e. Connaught Place.
Uttam Nagar also boasts a sound and well-developed infrastructure like reputed schools, hospitals, malls, entertainment centers, shopping market, banks, etc. The nearest local flea markets are located in Janakpuri and Dwarka. Besides this, some of the other important infrastructures are Adarsh Public School, Mahindru Hospital, Unity One Mall, Janakpuri District Center. It is also located close to Inner Ring Road.
Coming to the real estate market, the locality has many budget-friendly as well as luxury options available for prospective homebuyers. One can find a range of 2, 3 and 4 BHK apartments in various size and configuration surrounded by parks and playgrounds. At present, the property rates in Uttam Nagar are Rs 4,382 per sqft. A 2 BHK flat can be available in the price range of 18-30 lakhs, while a 3BHK apartment ranges between 35-60 lakhs. One can find many builder floor apartments in Uttam Nagar which are ready-to-move or are in various stages of construction.
Apart from this, due to its proximity to business hubs of Dwarka, Gurgaon, and CP, the area is also a preferred rental locality among the tenant community. Rental range varies from 10,000-18,000.
With all such positive points in its bag, Uttam Nagar is definitely a good investment option among property buyers of Delhi.