Anand Vihar, situated in the northeastern part of Delhi, is a well-connected, upscale locality. It is equipped with essential amenities, such as schools, healthcare facilities, restaurants, shopping malls, banks, markets, metro stations, railway stations, bus terminals and parks. This area is meticulously maintained and enjoys a low crime rate, offering a secure environment. Anand Vihar is an attractive prospect for long-term investment due to its robust infrastructure, strategic location and ongoing development. Whether one is exploring residential or commercial properties, Anand Vihar, Delhi, provides a conducive setting for growth and profitability with competitive circle rates.
See also: Delhi circle rate in 2023
What are circle rates?
Circle rates, collector rates or guideline values, establish the minimum prices at which a property can be registered within a specific area. In Anand Vihar, Delhi, these rates are influenced by factors, such as infrastructure, demand, location and market trends. The Delhi Development Authority (DDA) regularly adjusts these rates to align with the current market conditions. Both buyers and sellers must be aware of the circle rates to facilitate equitable transactions and prevent legal complications.
Circle rates in Anand Vihar, Delhi
To streamline and standardise the process citywide, the Delhi government has categorised properties in Delhi into eight categories – A to H. The most affluent localities in Delhi fall under Category A, while Category H comprises the areas with the lowest property values in the city. Anand Vihar falls into Category D, with a circle rate of Rs 1.28 lakh per square metre.
| Circle rate per square metre | Residential construction cost per square metre | Commercial construction cost per square metre |
| Rs 1.28 lakh | Rs 11,160 | Rs 12,840 |
Real estate trends in Anand Vihar, Delhi
Anand Vihar is a thriving property market, particularly for residential real estate.
Anand Vihar, Delhi: Location
Anand Vihar, situated in the eastern part of Delhi, is a well-established residential area. Positioned along Maharaja Surajmal Marg, it is closely bordered by Preet Vihar, Krishna Nagar, Vivek Vihar, Patparganj, Sahibabad, and Kaushambi. Renowned for its inter-state bus terminal (ISBT) and railway station, the locality is in proximity to significant thoroughfares like Vikas Marg and Swami Dayanand Marg. Additionally, it enjoys easy access to the commercial hub of Laxmi Nagar.
Anand Vihar, Delhi: Connectivity
Anand Vihar is well-connected through an extensive network of roads and the metro rail system. It is situated near the Delhi-Ghaziabad border and is in proximity to Noida. The Delhi-Meerut Expressway is 4 km from the locality, enhancing its accessibility. The area is served by two metro lines, Pink Line and Blue Line, providing convenient connectivity across the National Capital Region (NCR). The Anand Vihar metro station serves both these lines. Additionally, Anand Vihar ISBT and Anand Vihar Railway Station are important for inter-state connectivity, catering to a large number of travellers. The IGI Airport is approximately 30 km away, reachable within 1-1.5 hours.
Anand Vihar, Delhi: Residential properties
Anand Vihar is divided into different blocks, featuring residential developments, such as low-rise Cooperative Group Housing Societies (CGHS), builder floors and individual houses. Each block is equipped with parks and market complexes, fulfilling all residential requirements. This sector is home to well-planned housing societies that offer modern amenities and are surrounded by greenery. The residential segment has experienced consistent appreciation in property prices, enhancing its appeal as an attractive investment destination.
Anand Vihar, Delhi: Commercial properties
While primarily recognised as a residential neighbourhood, Anand Vihar also offers promising opportunities for commercial investments. The sector boasts modern office spaces, commercial complexes and retail outlets, creating an environment conducive to the success of businesses. Its strategic location provides proximity to major employment hubs, including the industrial areas of Sahibabad and Patparganj, both housing commercial offices and industrial entities. Additionally, the Laxmi Nagar Commercial Complex, situated within 3 km, is a vital commercial area, hosting government enterprises, private sector firms and public sector units. The locality enjoys convenient metro access to prominent offices and IT parks in Noida Sectors 57, 59, 60, 62 and 63, featuring key IT parks like Logix Cyber Park, Galaxy Business Park and Spring Meadows Business Park.
Factors affecting property prices in Anand Vihar, Delhi
Several factors influence the property prices in Anand Vihar, Delhi. It is crucial to consider these aspects for making informed decisions. Key factors include:
- Location: Proximity to essential amenities and connectivity to major areas significantly impact property prices.
- Demand and supply: The dynamics of demand and supply are crucial determinants of property prices. High demand, coupled with limited supply, leads to price appreciation.
- Infrastructure development: Areas with well-developed infrastructure command higher property prices, driven by improved liveability.
- Economic factors: Economic growth, employment opportunities and overall market conditions can have a lasting impact on property prices.
- Future development plans: Proposed infrastructure projects and upcoming developments in the vicinity can notably influence property prices in the long term.
FAQs
What are circle rates?
Circle rates are the minimum rates set by the government for registering property transactions.
How to calculate the circle rate of an area?
Use this formula to calculate the circle rates: Circle rate = Part of the land ratio x land cost + flat area x building cost + common area x cost of construction
What influences the circle rate of an area?
Circle rates depend on various factors, including the location, infrastructure, amenities provided and economic factors.
What is the circle rate of flats in Delhi?
The circle rate of flats in Delhi ranges between Rs 23,280 to Rs 7.74 lakh.
How is the circle rate different from market value?
The circle rate is the minimum price of the property, determined by the state government. The market rate is decided by the seller.
Is it compulsory to pay house tax in Delhi?
Yes, all property owners must pay property tax in Delhi.
Which area in Delhi is the most expensive?
In terms of property prices, some of the most expensive areas in Delhi include Lodhi Road Industrial Area, Nehru Place, Maharani Bagh, New Friends Colony, Vasant Vihar and Shanti Niketan.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
