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The property market of Delhi has gained prominence for its premium offerings and high-end luxury. Since large-scale private development is still very limited in the national capital, there are very few localities in Delhi, where you can buy a property without burning a hole in your pocket. These affordable areas in Delhi are located towards the periphery, where the connectivity is decent but infrastructure is still developing. Take a look at top 10 affordable localities in Delhi, where you can find a home of your dreams within your budget.
1. Uttam Nagar
Average property rates in Uttam Nagar: Rs 4,612 per sq ft
Uttam Nagar is one of those areas in west Delhi that have gained prominence recently, due to the heavy supply of affordable property options. Most of the housing units available in Uttam Nagar are in standalone buildings, which have basic amenities. The metro connectivity is a key clincher here, since it connects the area to some of the important hubs of the national capital, including Noida, Connaught Place, Dwarka and south Delhi. There are a number of schools, hospitals and shopping complexes in vicinity, which makes it one of the preferred localities for families.
There are a number of illegal constructions in the area and home buyers should conduct property due diligence, before signing on the dotted line.
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Average property rates in Govindpuri: Rs 4,414 per sq ft
Located in south-east Delhi, Govindpuri is one of those areas where property prices have remained stable for a long time. The area has metro connectivity, which makes it one of the favourite real estate markets for property buyers. There are a number of independent housing options, as well as builder floors, which suit the budget of all sections of buyers. Infrastructure is still under development as the area was classified under urban villages of the national capital. The neighbouring areas of Govindpuri are some of the posh areas in Delhi.
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Average property rates in Nawada: Rs 4,789 per sq ft
Nawada is another area in west Delhi which has gained prominence due to the presence of a number of affordable builder floor options in the area. Due to its proximity to Dwarka, Nawada is a pocket-friendly option for those who want to stay close to the metro line and have all amenities available nearby. The infrastructure here is well-developed. However, once classified as an urban village, the internal roads are still narrow and congested during rush hours. There are a number of eateries and shopping complexes in the neighbourhood, which make it a good location for families.
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Average property rates in Khanpur: Rs 3,982 per sq ft
Located on Mehrauli-Badarpur Road, it is surrounded by all posh areas of Delhi including Saket and Sainik Farms. The area is densely populated and lacks open spaces. Property options available in Khanpur include independent homes and builder floors. The area is popular among students and the working population, due to the availability of affordable rental homes in the area. Since the area shares a number of amenities with nearby colonies, all basic requirements such as presence of shopping complexes, schools, hospitals, etc., are easily fulfilled here.
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5. New Ashok Nagar
Average property rates in New Ashok Nagar: Rs 4,361 per sq ft
New Ashok Nagar is a popular locality for those who want to stay in Delhi but want to enjoy the proximity to Noida. Sandwiched between Mayur Vihar and Noida, New Ashok Nagar has some excellent housing societies, which have the finest amenities inside the complex. The other part of New Ashok Nagar has independent housing options but has narrow lanes, densely packed roads and infrastructure in battered condition. Dotted by unauthorised constructions, home buyers should conduct thorough research and due diligence before buying a home here.
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6. Bharat Vihar
Average property rates in Bharat Vihar: Rs 4,405 per sq ft
This is one of the lesser known areas near Dwarka, known for offering affordable property options. There are new properties in this area, since it currently has rural infrastructure. Bharat Vihar is located next to Dwarka Sector 14 and has a metro connectivity which can push up the prices in near future. A number of builder floor options are available in an affordable range of Rs 50-60 lakhs, which can be a good buy, depending upon the exact location and distance from Dwarka Sector 14 metro station.
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7. Madhu Vihar
Average property rates in Madhu Vihar: Rs 4,678 per sq ft
Madhu Vihar is also located near Dwarka and has semi-backward infrastructure as most of the property options available here are old independent houses, which are giving way to independent floors and builder floors with basic amenities. Madhu Vihar is a little away from the nearest Blue Line metro station of Dwarka Sector 11. There is another metro station of Dashrathpuri on the Magenta Line in its proximity. A number of facilities are available in the neighbourhood, including good schools, hospitals, shopping complexes, etc., which make it a preferred area for mid-segment families.
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8. Sector 24, Dwarka
Average property rates in Sector 24, Dwarka: Rs 4,382 per sq ft
This is one of the distant areas in Dwarka sub-region bordering the Najafgarh drain. The area lies in proximity to one of the high potential development corridors of Dwarka Expressway, which connects the region with Gurgaon. A number of gated communities will be coming up in the near future in Dwarka Sector 24, due to availability of land parcels. At present, builder floors are the only option here.
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Average property rates in Kondli: Rs 4,827 per sq ft
Kondli is another area in east Delhi close to Mayur Vihar III, which is gaining traction, because of its strategic location. It lies close to Noida, as well as Delhi and enjoys proximity to metro stations. As there are plans to construct an elevated corridor from Kondli to Noida Expressway, the location is getting attention from a lot of investors. The nearby infrastructure is also developing fast and it has all the facilities in the neighbourhood, including schools, hospitals and shopping complexes.
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Average property rates in Ghitorni: Rs 4,795 per sq ft
Located in south-west Delhi and bordering Gurgaon, Ghitorni is a semi-developed locality that borders posh areas of Vasant Kunj, Mehrauli and Arjan Garh. The area has its own metro station on the Delhi Metro’s Yellow Line which connects the area to Gurgaon, as well as Connaught Place. Ghitorni is one of the densely packed neighbourhoods and has builder floor options only. The area is popular among working professionals who work in Gurgaon but want to opt for affordable housing options in Delhi.
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Which localities are ideal for affordable housing for working professionals in Delhi?
Khanpur and Ghitorni are ideal for working professionals who are looking for affordable housing in Delhi-NCR.
Where can I find affordable builder floors in Delhi?
Builder floors are available in Govindpuri, Nawada, Khanpur, Bharat Vihar, Madhu Vihar, Dwarka Sector 24 and Ghitorni.
What should buyers check for before investing in affordable housing in Delhi?
Buyers should check for the infrastructure in the area and its surroundings and the legality of the project before investing in affordable homes in Delhi.