Real Estate Overview-Lajpat Nagar
Lajpat Nagar was named after Lala Lajpat Rai and is best known for its central market, Lajpat Nagar Central Market.
Lajpat Nagar was established in the 1950s, with the majority of its early residents being Hindus and Sikhs who had migrated east from newly formed Pakistan following India’s partition in 1947. Lajpat Nagar has recently become a popular residential area for tourists and refugees from various countries. Lajpat Nagar is a residential and commercial area in Delhi’s southeast district. This is not to be confused with the Lajpat Nagar neighborhood in Ghaziabad, which is located in the National Capital Region.
Residential Prices
Lajpat Nagar I, II, III, and IV are the subdivisions of Lajpat Nagar. Lajpat Nagar I, II, and III are located north of the Inner Ring Road, while Lajpat Nagar IV is located south of the Inner Ring Road.Residents Welfare Association manages residential developments in the area, which are mostly builder floor apartments and independent houses.19% of real estate properties for rent in Lajpat Nagar are in the range of 25K – 30K, while 17% are in the range of 20K – 25K. The most common room for rent in a two-bedroom apartment.11% of real estate properties for sale in Lajpat Nagar are in the range of 1Cr – 1.2Cr, while 18% are in the range of 1.2Cr – 1.4Cr.
Connectivity
The Delhi Metro’s Lajpat Nagar Station has elevated platforms along the Violet Line and underground platforms along the Pink Line. In 2010, the station was made available to the general public.The Delhi Transport Corporation bus service and the Delhi Mass Rapid Transit System connect Lajpat Nagar well.Lajpat Nagar is 23 kilometers away from Indira Gandhi International Airport (IGI). While New Delhi Railway Station is 35 minutes away.The Delhi Metro takes 15 minutes to get to the Central Secretariat (Delhi Metro) station.
Social Amenities and Employment
Lajpat Nagar is well-known for its Central Market, which is located in Parts II and IV of and is Asia’s largest ladies suit market.It has a diverse product offering and is home to some major retail brands, restaurants, fast food joints, and roadside eateries.Rajkiya Pratibha Vikas Vidyalaya, Bluebells School International, Cambridge School, PGDAV College, and Lady Shri Ram College are some of the prominent educational institutions in the vicinity.Nehru Place, Saket District Centre, BhikajiCama Place, Connaught Place, and Okhla Industrial Area are all within walking distance of the neighborhood.Moolchand Hospital, VimhansNayati Super Speciality Hospital, National Heart Institute, All India Institute of Medical Sciences (AIIMS), Safdarjung Hospital, and others are among the renowned hospitals in and around the area.
Final thoughts
It is good in terms of real estate investment and the best neighborhood with all of the amenities that one would expect from.
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.
