Dwarka vs Uttam Nagar: Which is the better place to stay?
Dwarka and Uttam Nagar, both in Delhi’s western sector, are two burgeoning neighborhoods that have seen considerable real estate traction in recent years.
We conduct a comparative analysis of residential areas to assist you in making an informed decision based on your living and choices.
Due to their excellent connection along the Blue Line Metro route, Dwarka and Uttam Nagar have become two of the most popular housing choices in West Delhi. Not only do the sub-markets boast of seamless infrastructure, but they also provide a plethora of residential options. The property prices, on the other hand, are what distinguishes the towns. While a 1,000 sq ft 3 BHK home in Dwarka may cost between Rs 1.25 crore and Rs 1.5 crore, the identical property in Uttam Nagar could cost as little as Rs 60 lakh.
Property Rates
The average property price in Uttam Nagar is roughly Rs 4,500 per square foot, whereas capital ‘asks’ in Dwarka’s different sectors range from Rs 7,400 to Rs 9,590 per square foot. Sectors 18 and 19 are now the most popular areas in Dwarka that homebuyers are interested in. These sectors, which are surrounded by extensive open areas and picturesque vistas, not only provide to inhabitants’ everyday needs but also provide comparatively reasonable housing alternatives. In these areas, a 2 BHK flat might cost anything from Rs 1.05 crore to Rs 1.20 crore. Sectors 8 and 9 are, nonetheless, the best choices for individuals looking to buy a builder floor in Dwarka. In Sectors 8 and 9, the price of a 2 BHK builder floor apartment can range from Rs 55 lakh to Rs 70 lakh.
Connectivity
In terms of connection, both areas have well-developed infrastructure and are well-connected to Ghaziabad and Noida’s micro-markets via the Blue Line Metro route. Furthermore, the Airport Metro Express, which is accessible from Dwarka Sector 21, provides hassle-free travel to the Indira Gandhi International (IGI) Airport and New Delhi Railway Station. The National Highway (NH) 8 runs through some of India’s most populous cities, including Gurgaon, Surat, and Vadodara, and is 11 kilometers from Uttam Nagar and Dwarka Sector 1.Potential for investment
Potential for investment
While several houses in Dwarka have gained by 10-15% in the previous few years, Uttam Nagar has seen only a 5-8% increase. However, the latter may be a better investment choice, whereas Dwarka may be regarded for end-use, particularly when purchasing a house in the upscale sectors 11, 12, and 13, according to Sumit Garg, Property Consultant, Pawan Real Estate. It is mostly due to the disparity in rental returns between the two locations. The average rental ‘asks’ for a 2 BHK apartment in Uttam Nagar with carpet space ranging between 800 sq ft and 1,000 sq ft, according to the Delhi NCR Real Estate Report Oct-Dec 2020, are roughly Rs 10,400 and Rs 13,000 per month, respectively. Monthly rates for similar-sized 2 BHK homes in Dwarka, on the other hand, go-between Rs 25,000 and Rs 30,000.
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.
