Positioned along the Ring Road, Safdarjung Enclave stands out as one of the affluent neighbourhoods in South Delhi. Renowned for its famous restaurants, the area attracts crowds from across Delhi. Safdarjung Enclave shares its borders with Green Park and Hauz Khas, further adding to its appeal. With excellent connectivity via road and the Delhi metro, the locality is well-linked to various parts of the city. Despite being over an hour away from Cyber City and other commercial hubs in Gurgaon, Safdarjung Enclave has become an attractive investment option due to the notable increase in property prices and demand. This article delves into the circle rates in Safdarjung Enclave, providing insights for potential investors in South Delhi.
See also: What is the circle rate in Dilshad Garden Delhi?
What are circle rates?
The circle rate is the minimum or lowest price at which the registration of a commercial or residential property, including apartments, plots or built-up houses, can take place during a sale or transfer. In Delhi, the Delhi Development Authority (DDA) oversees and regulates these circle rates to prevent speculative pricing. It’s worth noting that various localities within the same city may have distinct circle rates.
Circle rates in Safdarjung Enclave, Delhi
To standardise and harmonise the process across the city, the Delhi government has classified properties in Delhi into eight categories, ranging from A to H. The most affluent neighbourhoods in Delhi belong to Category A, whereas Category H includes areas with the lowest property values in the city. Safdarjung Enclave falls into Category B, with a circle rate of Rs 2.46 lakh per square metre.
Read also: What is the circle rate in Green Park?
| Circle rate per square metre | Residential construction cost per square metre | Commercial construction cost per square metre |
| Rs 2.46 lakh | Rs 17,400 | Rs 19,920 |
Real estate trends in Safdarjung Enclave, Delhi
Safdarjung Enclave is a popular residential area in Delhi, known for accommodating numerous notable individuals, including essential personalities and NRIs, which contributes to its prominence. This section highlights the key real estate trends within the locality.
Safdarjung Enclave, Delhi: Location and connectivity
Situated alongside the Ring Road, Safdarjung Enclave is an upscale neighbourhood in South Delhi. It boasts popular restaurants and draws crowds from across Delhi. Adjacent to Green Park and Hauz Khas, Safdarjung Enclave shares its vicinity with the renowned Deer Park. The area is characterised by horizontal residential development, featuring premium bungalows and builder floors.
Safdarjung Enclave enjoys excellent connectivity through both roadways and the Delhi metro. The neighbourhood is situated alongside the Ring Road to its north, with the Outer Ring Road merely 2 km to the south. It is less than a kilometre from Sri Aurobindo Marg (MG Road), providing a connection to Gurgaon. The Bhikaji Cama Place Metro Station on the Pink Line is conveniently located nearby, while the Green Park Metro Station on the Yellow Line is just 600 metre away. The R.K. Puram Metro Station on the Magenta line is also within 1.5 km. Furthermore, the locality is approximately half an hour (13 km) from the Indira Gandhi Delhi International Airport.
Safdarjung Enclave is within a 3 kilometre radius of Hauz Khas Village, a highly sought-after destination in Delhi known for its fine dining and socialising options. Notable nearby establishments include popular restaurants like Rajinder Da Dhaba and The Piano Man Jazz Club. Additionally, major shopping centres such as DLF Promenade, DLF Emporio, and Ambience Mall in Vasant Kunj are reachable within half an hour. The area is home to prominent educational institutions like Green Fields School and Delhi Police Public School. Moreover, Safdarjung Enclave is conveniently located less than 10 minutes from Safdarjung Hospital and the All India Institute of Medical Sciences (AIIMS).
Safdarjung Enclave, Delhi: Residential properties
Nestled along the Ring Road, Safdarjung Enclave stands out as one of the affluent neighbourhoods in South Delhi, becoming an aspirational destination for real estate developers and attracting substantial investor interest. The locality features upscale properties, including luxurious bungalows, independent houses, and builder floors. The premier gated communities within Safdarjung Enclave offer sophisticated interiors and efficiently designed spaces, along with essential amenities such as lifts, 24-hour security, and the latest facilities for a comfortable lifestyle, including earthquake-resistant structures and fire-fighting systems. Over the past year, property rates in Safdarjung Enclave have experienced a significant increase of 14.53%.
Safdarjung Enclave, Delhi: Commercial properties
Safdarjung Enclave boasts a vibrant culinary scene, drawing crowds across Delhi to its famous restaurants. Situated in proximity to Green Park and Hauz Khas, with the renowned Deer Park adjacent, it stands as one of the premier locations in Delhi. The area is famous for its restaurants and markets near Hauz Khas.
Characterised by horizontal residential development, Safdarjung Enclave features premium bungalows and builder floors. Offering a range of facilities, including markets, upscale restaurants, salons, renowned hospitals, and more, it is recognized as an upscale and costly residential locale. The infrastructure is not only well-maintained but also creatively designed. Nearby attractions include malls and clubs like Ambience Mall, DLF Mall and The Piano Man Jazz Club.
The neighbourhood exudes a friendly and welcoming atmosphere. Gurgaon, Nehru Place and Connaught Place are conveniently reachable within half an hour. Furthermore, Safdarjung Enclave is poised for future ventures and developmental projects, ensuring continued growth in the locality’s infrastructure and social amenities.
Factors affecting property prices in Safdarjung Enclave, Delhi
Numerous factors shape property prices in Safdarjung Enclave, Delhi, requiring careful consideration for informed property purchase or investment decisions. The key factors encompass:
- Location: The proximity to essential amenities and connectivity to major areas significantly influence property prices.
- Infrastructure Development: Areas endowed with well-developed infrastructure typically command higher property prices due to their enhanced quality of living.
- Demand and Supply: The interplay between demand and supply dynamics is a crucial determinant of property prices. High demand coupled with limited supply often results in price appreciation.
- Future Development Plans: Anticipated infrastructure projects and forthcoming developments in the vicinity can significantly impact property prices in the long term.
- Economic Factors: Economic growth, employment opportunities, and overall market conditions are pivotal in shaping property prices over time.
Why should you invest in Safdarjung Enclave, Delhi?
Situated along the Ring Road in South Delhi, Safdarjung Enclave presents an excellent investment prospect within the region’s dynamic real estate environment. Distinguished by its upscale surroundings, the area features a strategically advantageous location encircled by well-known neighbourhoods such as Green Park and Hauz Khas. Moreover, it enjoys seamless connectivity through road networks and the Delhi metro.
The circle rate of Safdarjung Enclave, established at Rs 2.46 lakh per square metre and categorising it under Category B, underscores its affluent standing. The locality’s appeal is further heightened by its proximity to vital commercial centres and prestigious educational institutions, positioning it as an optimal choice for residential and commercial ventures. The current price trend suggests that purchasing properties for sale and selling existing properties in Safdarjung Enclave, New Delhi, are lucrative opportunities. With a notable 14.53% surge in property rates over the past year, Safdarjung Enclave emerges as a profitable investment centre, offering an array of high-end residential options, including bungalows, independent houses, and builder floors.
The commercial sector is equally vibrant, featuring acclaimed restaurants and fostering a lively ambience that draws crowds from throughout Delhi. In light of these promising trends, coupled with factors like a strategic location, robust infrastructure, and anticipated future developments, investing in Safdarjung Enclave represents not only a wise financial decision but also an opportunity to become part of a prestigious and flourishing community at the heart of South Delhi.
FAQs
What are circle rates?
Circle rates are the minimum rates the government sets for registering property transactions.
How to calculate the circle rate of any area?
To calculate the circle rates, you can use this formula. Circle rate = Part of the land ratio x land cost + flat area x building cost + common area x construction cost.
What influences the circle rate of an area?
Circle rates depend on various factors, including the location of your sector, 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 and 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. In comparison, the market rate is decided by the seller.
Is it compulsory to pay house tax in Delhi?
Yes, all property owners must pay property taxes in Delhi.
Which area in Delhi is the most expensive?
Regarding property prices, some of the most expensive areas of Delhi include Lodi Road Industrial Area, Nehru Place, Maharani Bagh, New Friends Colony, Vasant Vihar, and Shanti Niketan.
What are the property rates in Safdarjung Enclave?
The starting price of properties in Safdarjung Enclave is Rs. 7,500 per sqft, the average cost of properties in Safdarjung Enclave is Rs. 24,612 per sqft.
| 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 [email protected] |
Anil Shah, is your go-to source for property market insights. He excels at understanding and explaining the latest trends in residential real estate and making complex real estate concepts easier to grasp. Anil’s fact-based analysis helps buyers and investors make sound decisions in the housing sector.
Related Posts
Serviced apartments becoming popular in the NCR.
NH 24: Wider highway set to unlock real estate potential in the NCR.
Panchsheel Park Delhi: Locality guide.
Greater Noida: The best rental market of Delhi-NCR.
Senior living projects to thrive more in tier-2 cities.
Delhi-Meerut 14-lane Expressway is now fully operational.
