Location Profile-vasant Vihar, South Delhi
If you are looking for a residential property in South Delhi, you should not ignore Vasant Vihar anyways. It is a preferred residence for diplomats and has come a long way from the time when this locality's surrounding area was deserted and Vasant Vihar was considered to be on the outskirts of the city and was hard to get to using public transport.
Residential properties
Today, Vasant vihar is one of the most posh residential properties in South Delhi. Recently, there was landmark deal early this year when a bungalow was leased out to African consulate at Rs 114 per sq. ft. Though current property values in the rental segment are Rs 45-70 per sq. ft in the neighborhood, this bungalow fetched more than twice the market rate.
The rent for the month works out to Rs16.5 lakh, and Rs 1.98 crore for the year. The deal also includes an advance of 2 years' rent at the time the deal was signed.
According to property broker Sanjeev Sharma, the capital value of independent floors ranges from Rs 50,000 per sq yd to Rs 5 lakh per sq yd, depending upon the location and the structure of the property bungalows of size 624 sq yard cost Rs 40 cr-Rs 60 cr.
Commercial scenario
The current capital Value is Rs 70-80 lakh for 14 by 14 sq ft shop while current rental value is around Rs 2-2.5 lakh for 18 by 16 sq ft showroom. Basant Lok market houses eateries such as Mc Donalds, Pizza Hut, Nirula's, Domino's, Punjabi by Nature, Yo China, Subway and pubs such as Ruby Tuesday, Thank God Its Friday, Hookah and other retail showrooms like Archies, United colours of Benetton, Reebok, Adidas, Excalibur, Provogue, Park Avenue.
Besides there are also some hair saloons such as affinity hair cut saloon, Madonna, VLCC and all bank ATMs have a presence in this market.
For more details on Delhi Properties, log on to magicbricks.com
Related Tags: property, real estate, properties, buy, sell, delhi
For more information on India Real Estate visit magicbricks.com, here you can also know about Delhi Real Estate Developers.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- 5 Reasons to Buy Jasper Real Estate
Jasper is a small town in North Georgia and it is growing rapidly. Since North Georgia Foreclosures - Ellijay Real Estate
Ellijay Georgia has always been known for it's outdoor activities and seasonal festivals. Downtown E - How to Deal With Blocked Drains
A blocked drain is an occurrence that happens eventually to all households. You may have experienced - The Benefits of Hiring a Plumbing Consultant
Your dream home may not always be brand new, with fresh paint and home essentials. There are certain - The Worst Mistake You Can Make When You Apply to Rent a Home
A whole new class of people has become renters and potential renters in America during the last thre - State of Individual Real Estate Markets
Everybody is well aware of the hit that the real estate market has taken over the past three years. - Thoughts on Avoiding the Landlord Trap
I've heard several people say they would never invest in a multifamily rental property because they - An Idea to Increase the Bottom Line of Your Investment Property
Are you pretty sure that you've already maximized the income coming from your property? If you've cl - Finding the Value of a Piece of Investment Real Estate
There is a lot of confusion about how much investment property is really worth. We'll look at three - Arkansas Land For Sale - Search Engine Optimization and Your Website
If you have Arkansas land for sale and are interested in advertising it on your website I have a few
Most viewed articles in this category:
- How High Did Home Prices Really Go
The U.S. Census Bureau released data on Tuesday that revealed where the nation's hottest markets wer - New Homeowners Tips for Household Safety
With so many items on their ¡°buying a home¡± checklist, few homeowners take into considerati - Truth About VA Foreclosures
Many people now days are finding themselves out of work and not being able to make the mortgage paym - Avoid Rookie Real Estate Investing Mistakes
When Robert Kiyosaki, author of the Rich Dad book series, bought his first property he was, of cours - Finding The Perfect Roommate On Craigslist
Craigslist, Roommates, and The Concerns Craigslist is "great" when it comes to looking for housing - The Forgotten Secret To Selling Property - Simple, Quick And Cheap
Why spend big dollars trying to get people to drive a long way to see your house, when your best pro - Get Amazing Results Selling Real Estate Online
This is the age of the internet. Why not take advantage of the widespread use of the internet to ad - Dallas Real Estate Information
In the United States, Dallas is considered as the second leading state according to the area. If any - The Largest Private Equity Indian Real Estate Deal
In the largest private equity deal won by the real estate sector, Morgan Stanley Real Estate has inv - Fractional Real Estate Ownership
Fractional ownership of vacation ski condos is growing in popularity. Park City Utah a popular ski t