Why Nehru Place is the best Real Estate Investment?
Nehru Place is the main commercial district, named after India’s first Prime Minister, Jawaharlal Nehru, was built in the early 1980s and consists of several buildings flanking a large pedestrian courtyard built over underground parking.
Despite poor maintenance, the majority of the original structures are still in use. In Delhi, India, Nehru Place is a large commercial, financial, and business center. Nehru Place is the largest electronic market in India, specializing in laptops and computers. You can buy any type of electronic device, and there are numerous service centers for tech companies such as Dell and HP.
Residential Prices
The average price per square foot in this area is Rs. 16800. Whereas the rent for a three-bedroom house ranges from Rs. 48,000 to Rs. 60000.Kalkaji, East Of Kailash, Kailash Colony Greater Kailash, and other nearby areas include Nehru Place. With a rating of 4.2, Nehru Place has plenty of parking.The most common room configuration in this neighborhood is 4 BHK, which accounts for roughly 67 percent of all available properties for rent.Commercial Office Space accounts for 81% of the properties in Nehru Place.
Connectivity
The Delhi Metro now runs through Nehru Place. Nehru Place, Kalkaji Mandir, and Nehru Enclave are the three closest metro stations.Nehru Place is easily accessible by all modes of public transportation because it is located next to the Outer Ring Road, an arc that covers much of South Delhi. It also has its own Delhi-Metro Station on Violet Line.Nehru Enclave is a second Metro Station on the Magenta Line that connects commuters with a short route from Gurgaon to an interchange at Hauz Khas, as well as directly connecting Noida and IGI Airport. Whereas Hazrat Nizamuddin Railway Station is only 30 minutes away. It’s also a 1 hour drive from the New Delhi Railway Station.Nehru Place has its bus terminal, which is commonly referred to as the Nehru Place Bus Terminal.
Social Amenities
Nehru Place is a one-stop-shop for all types of IT hardware, including personal computers, servers, networking equipment, software, documentation services, and allied services. Various computer hardware manufacturers have authorized dealerships here, and as a result, it is frequently regarded as a shopping area for computer enthusiasts. Several companies also build custom-specified personal computers and servers to order on-site, and many are dedicated to hardware maintenance. Banks, multinational corporations, several restaurants, and even multiplex are among the other businesses in the area. The market is closed on Sunday, but the flea market is open daily. Office space and hotels are readily available in the vicinity of Nehru Place.
Final thoughts
Because it is Delhi’s IT hub, Nehru Place is the ideal location for IT companies. In addition, it is well connected to the rest of the city. This area also has excellent transportation options.
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.
