Okhla property market: An overview

Okhla Industrial Area or OIA or simply Okhla, is divided into three phases. The planned township of NOIDA or New Okhla Industrial Development Area, gets its name from the locality. Okhla is one of the oldest villages in Delhi, which is situated near the bank of the Yamuna river. This region has the Okhla Canal or Agra Canal built by the British, which is now called the Okhla Head. New Friends Colony, Nehru Place, Sukhdev Vihar, Greater Kailash, Kalkaji, Abul Fazal Enclave, Govindpuri, Sriniwaspuri, Jasola, Shaheen Bagh, Tuglakabad, Sarita Vihar, Jaitpur, Madanpur, Okhla Vihar, Badarpur, Zakir Nagar, Ghaffar Manzil Colony and many more different localities surround Okhla.

 

 

Connectivity with nearby Okhla localities

The locality is well-connected to various developed areas and a number of hotels, schools, banks and hospitals via an excellent network of railways and roadways.

• This locality is served by the National Highway 8.
• The nearest railway station is the Okhla railway station and the Hazrat Nizamuddin railway station, which are located at distances of 5 and 7.3 kilometres, respectively, from the locality.
• The nearest airport includes The Indira Gandhi International Airport, which is situated at a distance of 19.7 kilometres while the Domestic Airport is situated at a distance of 18 kilometres from the locality.
• The locality is also served by the Violet Line of the Delhi Metro.

 

Employment hubs near Okhla

The locality is witnessing an increase the population in recent years owing to its proximity to a number of MNCs, call centres, BPOs, showrooms and media group operations. The offices of various companies are also housed here, such as:

• Samtech Infonet Limited
• SPML Infra Limited
• SES Technologies Limited

 

Schools in Okhla and other social amenities

Okhla provides its residents with all kinds of social amenities to live a happy and peaceful life. This includes various schools and hospitals. Dev Samaj Model High School, God’s Grace School, Scholar School, Govind Ballabh Pant Government Engineering College, GB Pant Institute of Technology, NDIM-New Delhi Institute of Management and many more enjoy being the best educational institutions of Okhla.

The major health institutions in Okhla include Alshifa Multispeciality Hospital, Holy Family Hospital, Maxfort Hospital and Fortis Escorts Hospital OPD.

Apart from these, it also provides recreational amenities and proximity to various banks and ATMs, including Bank of India, HDFC Bank, ICICI Bank, Axis Bank and State Bank of India.

Okhla also provides its residents with a number of recreational amenities, of which the popular shopping arcades include:

• Goojar Mall
• Star City Mall

 

Physical infrastructure in Okhla
Phase III of Okhla Industrial Estate has the constructed Parliament House, North and South Blocks.

 

 

Price trends in Okhla

• Price depreciation in Okhla – Around 5.5% in the last 6 months.
• Present property rates in Okhla – Rs 4,080 – Rs 4,718 per sq ft.

 

Reasons to invest in Okhla

Okhla has emerged as a very convenient neighbourhood considering the easy living conditions and the ample job opportunities that it provides its residents with. Although property prices are decreasing in the present scenario, the demand for property in this area will make investing in Okhla a lucrative option. Okhla, thus, will emerge as a preferred working as well as residential destination of Delhi.

Projects like RWA Sri Niwas Puri, India Bulls Castlewood, Pocket 12 Jasola Vihar and more situated in and around the locality, are among the best projects to invest in Okhla.

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