Why is Sarita Vihar a popular real estate destination in Delhi?
Sarita Vihar in South Delhi is located on the Mathura Road (National Highway 2), just at crossroads of three states: Delhi, Haryana, and Uttar Pradesh.
Numerous individuals out of these States have formed a presence in Sarita Vihar as a result of its closeness to important business hubs, adding towards the multi-ethnicity of the area. Whereas a metro line connects Okhla Industrial Area and Nehru Place in Delhi, job centers in Noida, Greater Noida, and Faridabad are immediately accessible by arterial roads. In regular traffic, it takes 30 minutes to go from Sarita Vihar to Noida.
The location has benefited from a variety of real estate alternatives, social infrastructure, and strong housing interest, along with other things.
Prominent housing layouts
The greatest residential inventory offered for purchase in Sarita Vihar, according to online listings, is residential flats with 2 BHK and 3 BHK layouts, which account for above 80% of the inventory. Apartments from the Delhi Development Authority (DDA) are plentiful, beginning at Rs 90 lakh for a two-bedroom apartment. The average housing price in Sarita Vihar is between Rs 7,800 and Rs 9,000 per square foot.
“The rental prices in Sarita Vihar vary dependent on the quality, decor state, and facilities supplied in a house. A 1- BHK home in Sarita Vihar may be rented for Rs 8,000-18,000 per month on average. One should budget roughly Rs 18,000-32,000 per month for a 2 BHK flat and Rs 27,000-40,000 per month for a 3 BHK flat.”
Housing demand is fuelled by commercial centres
Sarita Vihar is a top destination for homeowners considering the current facilities and forthcoming projects. Stages I and II of Okhla Industrial Area, for example, are situated on the other side of the Mathura Road on NH-2, directly across from Sarita Vihar. Around 5-7 kilometers is Lajpat Nagar, a buyers’ dream, and Nehru Place, Asia’s largest pc components and gadgets center. Each of these locations are conveniently accessible by road and metro. Next are Apollo Hospital, Delhi’s largest corporate hospital, Netaji Subhash Sports Complex, and District Center. All of this has helped to place Sarita Vihar on the market, drawing purchasers from all over the world.
“The strategy for a slip road that connects Sarita Vihar with the Noida-Greater Noida Expressway and the suggested 16-km signal-free stretch on Mathura Road will greatly enhance the area’s interconnection with the NCR and help fix traffic delays,”. The government reportedly intends to install charging stations for electric vehicles (EVs) at parking lots in Sarita Vihar.
Uninterrupted connectivity saves the day
Sarita Vihar has a great bus and metro network that connects it to major cities and towns. And has its own metro station just on Delhi Metro’s Violet Line. This line that runs from New Delhi’s Kashmiri Gate station to Ballabgarh’s Raja Nahar Singh station.
Your commute from Noida and Okhla Industrial Area has been cut from 45 minutes to just 10 minutes when the Sarita Vihar underpass opened. Sarita Vihar is also within five kilometers of the Badarpur Bus Terminal, Nehru Place Bus Stand, and Nehru Place Metro Station.
Diverse social benefits available
Sarita Vihar is conveniently located near all main amenities and sites of attraction. In about 2 kilometers there are world-class hospitals, shopping centers, colleges, businesses, and educational facilities such as Periyar Management and Computer College and Asia-Pacific Institute of Management, while Global Institute of Management Technology is around 11 kilometers away.
“It is a stable and sound environment to stay in Delhi with decent connections and a multiplicity of social amenities surrounding,”. It has an advantage above other areas due to lower levels of pollution and a large number of playgrounds. Nevertheless, the area’s ask rate is high. In addition, most of the societies in Sarita Vihar have limited parking spaces.”
Is it worthwhile to put money into Sarita Vihar?
Although house prices in Sarita Vihar fell about 5-8 percent as a result of the COVID infiltration within last 4-6 quarters, they are now on the mend. At Rs 8,700 per sq ft in July-September 2020, prices fell to Rs 8,200 in April-June 2021. Although, as the economy has stabilized with the Delta variant, prices in general have risen and are now at Rs 8,500 per sq ft in October-December 2021. The market’s quick recovery indicates its resiliency and investment possibilities.
Therefore, if you’re seeking for a property in South Delhi at a reasonable price, Sarita Vihar might be the place to go. The micro-market provides the perfect combination of both worlds, with a well-established framework and price-competitive goods. Furthermore, because it is a high-end neighbourhood, the majority of housing inventory is resale, which eliminates the concern of development delays.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
