Homes within Rs 20 lakh still a reality in Delhi

Owning a property in Delhi is a distant dream for many with sky rises, spacious villas and builder floor culture prevalent in the city. Property prices in Delhi is skyrocketing which leaves buyers with a low budget look for areas which they can afford to invest as an end user or simply as an investor to reap healthy returns in future.

Magicbricks revealed Mehrauli and New Ashok Nagar as areas where buying properties within Rs 20 lakh is achievable.

Mehrauli

In Mehrauli, with a budget up to Rs 20 lakh, one can buy a 1 and 2BHK builder floor apartment in sizes varying from 400 to 650 sq ft. These apartments are available both furnished and semi-furnished and ready-to-move-in too.  Mehrauli is located in South West district of Delhi and is located in close proximity to Gurgaon and is next to Vasant Kunj. The Indira Gandhi International Airport is 17 km away and New Delhi Railway Station at 18 km distance. Areas that come under Mehrauli are Saket, Malviya Nagar, Khanpur, Lado Sarai and Saiyad-ul-ajab.

Gagan, a resident in the locality says, “My decision to purchase a homein Mehrauli was because it is near my grocery shop in Saket. The area is well connected by bus and metro stations. The local mode of transportation is bus, autos and shared autos.

Chattarpur and Qutab Minar metro stations are the nearest to the area and further ensures prompt connectivity with Delhi and Noida. Hospitals such as Vikas Hospital, Bhagwati Hospital, Aman Clinic, Dr. Bakaya Clinic, Yogmaya Hospital, among others are located within the area followed by banks such as HDFC, Canara Bank, State Bank of India and PNB.

Ashok Nagar

Similarly in New Ashok Nagar, one can buy 1BHK builder floor apartments in sizes varying from 300 to 600 sq ft followed by 2BHK units available in sizes varying from 400 to 1200 sq ft. In New Ashok Nagar both furnished and semi-furnished apartments are available. Various schools, markets, hospitals and bank/ATMs are available in close proximity to the areas. New Ashok Nagar has a metro station of its own on the blue line and the nearest landmark to the metro station is Eastend apartments, a society complex of approximately 1300 apartments.

Majority of people who buy and rent homes in new Ashok Nagar are the ones who working in the nearby companies located in Sectors 16, 15 or Film City in Noida.

A low budget should not stop you from fulfilling your dream of buying a home in Delhi. Consider Mehrauli and New Ashok Nagar to scout for property choices of your kind.

SOURCE: Magicbricks