The Locality Overview of Malviya Nagar, Delhi
Malviya Nagar is a posh residential neighborhood in South Delhi, with property values exceeding INR 17,000 per square foot.
It’s famous for its large market, which has a variety of luxury restaurants and boutiques. It is located between Saket and Hauz Khas, Near IIT Delhi. It was named after Madan Mohan Malviya, a freedom warrior who was also a professor and founded Banaras Hindu University. Following India’s partition in 1947, Malviya Nagar was first settled by Pakistani immigrants in the 1950s. Ethnic Rajasthanis, Uttar Pradeshis’, Haryanvi, Punjabis, and Sindhis, as well as Afghan refugees who entered during the Soviet-Afghan War in 1971, made up a substantial section of the population.
Price Trends
- There are a total of 2071 properties listed in Malviya Nagar.
- The cost of a home in Malviya Nagar starts at roughly 4.00 lacs.
- Property in Malviya Nagar costs an average of 3.35 crore, while property in Delhi costs an average of 5.53 crore.
- The most expensive home in Malviya Nagar is advertised for a whopping 21.00 crore.
Connectivity
The Outer Ring Road, Sri Aurobindo Marg, Press Enclave Marg, and Lal Bahadur Shastri Marg are just a few roadways connecting Malviya Nagar to the rest of the city. Buses, auto-rickshaws, and taxis are all well-developed modes of public transit. Furthermore, the Yellow Line’s Malviya Nagar metro station connects it to vital regions of Delhi, Noida, and Gurugram. Hazrat Nizamuddin Railway Station is 11 km distant, while IGI Airport is 12 km away.
Social Amenities
Local markets in the neighborhood, which include shops and businesses, cater to inhabitants’ various purchasing requirements. It is also close to famous shopping destinations such as Select Citywalk, DLF South Court, DLF Place, and Saket Community Center, all of which are within 2 kilometers. Pt. Madan Mohan Malaviya Hospital, Max Super Speciality Hospital, Apeejay School, Gyan Bharti School, and Sri Aurobindo College are notable hospitals and educational institutions in the area.
Employment Hubs
Saket District Centre, Hauz Khas, Greater Kailash, Nehru Place, BhikajiCama Place, Okhla, Connaught Place, and Mohan Cooperative Industrial Estate have easy access to Malviya Nagar’s commercial sectors. Furthermore, the major commercial and IT parks in Gurugram and Noida are easily accessible by road and metro train.
Malviya Nagar’s local market is self-sufficient in providing all household necessities, so there’s no need to search further. The only disadvantage to living here is that if you want to live on the major road, rent for a nice house might be pretty expensive. However, if you can locate a property that is a bit further away, you may save a lot of money on rent.
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.
