Palam Vihar, located in Gurgaon is one of the most comfortable and peaceful area to live in. Real Estate in Palam Vihar has seen a good price appreciation in recent years because of its strong connectivity and being well planned.
Gurgaon, over the years has witnessed rapid urbanization and emerged as one of the leading financial and industrial hubs of the country. The growth of Gurgaon has immensely impacted the development of the residential localities like Palam Vihar. Lack of space and increasing price of property in Delhi has boosted the Palam Vihar Real Estate market. In addition to that, good connectivity and the greenery of the locality have further benefitted the demand of residential Projects in Palam Vihar. The buyers prefer to buy apartments in Palam Vihar due to the peaceful nature of the locality. The demand for flats in Palam Vihar has also escalated due to the presence of major IT and financial hub in the close vicinity of the locality. In terms of connectivity, Palam Vihar is in close proximity to the National Highway (NH-8) which makes commutation easy for the residents. Palam Vihar offers good civic amenities with well maintained parks and gardens along with wide internal roads. The top Builders of Palam Vihar includes Ansal Property and Infrastructure LTD (APIL), Mittal group and Bestech group. The Properties in Palam Vihar ranges from budget, mid range and luxury projects and is therefore suitable for all class of people. Independent houses in Palam Vihar are mostly new constructions and readily available. Palam Vihar is divided into Blocks named alphabetically, starting from A to J. The real estates in Block C and D have seen 50 % price appreciation in the last 2 years. Nearby localities of Palam Vihar includes Sector-2, Sector-109, Sector-110A, Sector-110, Sector-112, Sector-113, Ashok Vihar Phase 3 Extension, New Palam Vihar, Ansal Plaza and Dharam Colony.
Reasons to invest in Bandra East
Considering the price trends in Palam Vihar and the rising demand, the locality should be a good investment. With the upcoming Metro connectivity plan between Dwarka and Gurgaon will be a positive reason for further price appreciation. However, there are a few civic issues in the locality that includes broken roads in a few parts and poor lighting on the streets. Otherwise, it is definitely a good idea to invest in Palam Vihar Real Estates keeping the price appreciation and the future prospect in mind.
Palam Vihar Point of Interests
Connectivity with nearby Bandra East localities
- The Gurgaon railway station lays 6kms away.
- The Indira Gandhi International Airport is about 15kms.
- The major bus stations of the locality include Palam Vihar City Stop and Palam Vihar.
- The National Highway (NH-8) is 4kms away from Palam Vihar
Employment hubs near Palam Vihar
- Palam Vihar lies in the mid of Gurgaon city. Major companies like Oracle, IBM, Sapient, Amdocs etc. are in and around Palam Vihar which makes it an ideal residential area for the working professional.
- Palam Vihar is approximately 29kms from Delhi commercial hub.
Schools in Palam Vihar and other social amenities
Apart from the Residential projects Palam Vihar provides a strong social infrastructure. Reputed schools in Palam Vihar include the GEMS International School and The Maurya School. Leading hospitals in Palam Vihar include Columbia Asia Hospital and the Metro Hospitals & Heart Institute. Popular malls in Palam Vihar include Ansal Plaza and Palam Triangle.
Physical infrastructure in Bandra East
The majority of Palam Vihar was developed and is maintained by the Ansal group of builders. This locality mainly has apartments, individual houses and plots to offer.
The proposed metro expansion between Dwarka and Gurgaon is likely to impact the price trends of Palam Vihar.
Famous Places in Palam Vihar
- Palam TriangleBlock F, Sector 2, Palam Vihar, Dwarka Expressway, Gurgaon
- Pind Balluchi RestaurantSector 1, Palam Vihar, Dwarka Expressway, Gurgaon
- Columbia Asia Hospital Palam Vihar, GurgaonBlock F, Sector 2, Palam Vihar, Dwarka Expressway, Gurgaon
Price Trends for Palam Vihar