What Makes Uttam Nagar A Preferred Location For Property Investors?by Anurag Gupta Real Estate Consultant
Due to the rise of demand and supply for the last few years, Delhi is showing an astounding rise in the development of the real estate market. Fast-growing infrastructure, expansion of metro rail and lot m6Fre development has played a great role in increasing the prices in Delhi property. This is the reason why the capital city has been ranked as a perfect location for property investment by real estate experts.
In this current scenario, Uttam Nagar has turned up as one of the preferred realty hotspots in Delhi for capital investment as well as for renting. Uttam Nagar real estate is relatively affordable, and this is one of the main reasons why there is a rise in demand for property. The region caters mostly to people who migrate to New Delhi from villages or small towns seeking better living standards in the city. Uttam Nagar is also a great locality for people who seek to invest in real estate in Delhi.
Uttam Nagar lies in proximity to the noted micro-market of Dwarka. The region mainly extends from Uttam Nagar East Metro station up till Dwarka Mor. On the real estate front, the micro-market has witnessed a huge transformation specifically after the establishment of the Blue Line Metro Corridor. Property investors or homebuyers are now showing interest in residential properties in Uttam Nagar. Uttam Nagar real estate has become more expensive after the metro connectivity was extended to this region. If you are seeking to buy flats in this area, it is essential to know about some suitable localities in the area that are worthy of investment in Uttam Nagar real estate. Some of the best localities in Uttam Nagar are Uttam Nagar West, Mohan Garden, Kiran Garden, Jeewan Park, Indira Park, Nawada, Milap Nagar, etc. Here are some of the factors why Uttam Nagar witnessing robust housing demand and remains the buyer’s favorite-
• Seamless Connectivity:
Uttam Nagar was developed in the year 2008 and became most popular with the expansion of metro lines that connect Uttam Nagar to Connaught Place, Pragati Maidan, Anand Vihar, Noida, ISBT and Vaishali. Apart from these, the region also enjoys proximity to the Indira Gandhi International (IGI) Airport and New Delhi Railway Station. There are four metro stations in the area: Dwarka Mod, Nawada, Uttam Nagar East and Uttam Nagar West. The National Highway-8 that passes through some of the busiest cities of the country such as Gurgaon, Vadodara, Surat, and Kheda is about 11 km from Uttam Nagar.
• Provide An Affordable Real Estate Option:
The affordability is the factor that makes Uttam Nagar a great option for real estate investors seeking for investing in Delhi NCR. The area is well-connected to areas like Indira Park, Shanker Garden, Om Vihar, Jeevan Park, Bindapur, Mahindra Park and Vikaspuri. International Airport and Gurgaon are conveniently accessible owing to the connectivity to the National Highway 58. As investing in Uttam Nagar real estate is lucrative, the demand for plots/lands in Uttam Nagar has been increasing.
• Redevelopment In The Area:
Due to the growing demand for residential properties in Uttam Nagar for both buying and renting purposes, many house owners are renovating their old homes. Many homeowners are building more floors in their old houses to create more rental space and earn a higher income. The rents are comparatively low in this area.
• Availability Of Array Of Facilities:
The area provides its residents with all types of social amenities including schools, educational centers, banks, hospitals, recreational facilities, etc. One can find many good schools and educational centers in this region such as Gagan Bharati Public School, Sanjeevani Public School, Holy Convent School, Dr. MPS Memorial College of Hotel Management and Rajiv Gandhi Paramedical Institute. Some of the major health institutions in Uttam Nagar include Mahindru Hospital, SR Krishna Hospital, Gandhi Hospital, BM Gupta Hospital, and Devi Charitable Hospital. Besides all these, the location also offers many recreational options such as Vishal Megamart, West End Mall, etc. and proximity to various popular banks, including Axis Bank, Syndicate Bank, IDBI Bank, and UCO Bank.
• Get Higher Returns:
As per the record, the average property values in Uttam Nagar, Delhi have a 10 percent to15 percent hike from Rs. 3,350 per sq. ft. in April-June 2014 to Rs. 3,800 per sq. ft. in April-June 2019. As the micro-market is nearing saturation, the area will see a greater degree of price growth in the coming 5-6 years. The demand for residential properties is expected to surpass the market supply and exert upward pressure on the capital as well as rental values.
These are the reasons why more and more people are interested in investing in Uttam Nagar real estate and there is a healthy demand for residential properties for sale here.
Created on Feb 20th 2020 00:07. Viewed 262 times.
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