anand parbat is among the oldest and most popular localities in new Delhi, india. the famous anand parbat industrial area is situated in this locality. earlier, this industrial area was with ramjas foundation but this land has now been given to the dda by supreme court. however, the industrial area has been approved and the government has now allowed redevelopment of the area so as to meet the mandatory requirement. the area is likely to be handed over to delhi state industrial and infrastructure development corporation ltd. (dsiidc) for further management, considering the location.
the average price of this locality is around â‚¹3,730 / sq ft. almost 40% of the properties on sale lie in the range of â‚¹20 lakhs to â‚¹40 lakhs, whereas 67% of the rental properties lie in the range of â‚¹10,000 - â‚¹16,000. this locality has various builder floor apartments, residential houses, luxurious 2 bhk, 3 bhk and 4 bhk apartments, and commercial spaces.
key highlights :
connectivity to major other localities like anand parbat industrial area, nai basti, Than Singh Nagar, daya basti and baba faridpuri.
proximity to the mandi house and barakhamba road metro station
up and coming residential locality
whats great? :
developed social infrastructure
close proximity to metro station
ample parking space availability
commercial spaces available
whats not great? :
streets encroached by hawkers
Watch out for? :
upcoming government proposals to redevelop delhi as well as tourist locations is an advantage
prices moderately increasing as the locality is set to be a developing locality in delhi
property rising factor :
short term -
development in social infrastructure
high liveability index
long term -
the government has set up various projects to develop its tourist locations in delhi. a lot of infrastructural projects are set up to socially and industrially develop this locality.
other highlights :
social infrastructure -
anand parbat is mainly a suburban area with sound road, metro and rail connectivity to different parts of the city.
markets, shopping complexes, schools and hospitals are nearby too.
shopping complexes & markets -
moments mall ( 6.7 km )
city mall ( 7 km )
sonam store ( 5 km )
shehnai shopping mall ( 7 km )
artychoke ( 3.9 km )
health care centres -
apollo hospital ( 4.5 km )
saraswati hospital ( 5.5 km )
pentamed hospital ( 8.9 km )
fortis hospital ( 5 km )
attar sain jain hospital ( 4.2 km )
connectivity and public transport -
inderlok metro station
shivaji park metro station ( 750 m )
safdarjung airport ( 22.2 km )
schools, banks and fitness centres -
bachpan play school ( 4 km )
sd public school ( 7 km )
academic heights ( 6 km )
mothers pride school ( 4.9 km )
montfort school ( 5 km )
banks & atm :
central bank of india ( 4.5 km )
united bank of india ( 4.8 km )
bank of india ( 5 km )
central bank of india ( 3.4 km )
canara bank atm ( 4.3 km )
dcb bank atm ( 3.2 km )
axis bank atm ( 5 km )
fitness centres :
gym, the big league ( 3.9 km )
will power gym ( 2.4 km )
h2 the unisex gym ( 2.7 km )
olympia gym ( 5 km )
isa khans tomb ( 19.5 km )
lodhi garden ( 17.3 km )
jantar mantar ( 14.7 km )
safdarjung tomb ( 17.8 km )
micro market analysis :
capital and rental trends -
price trend analysis has shown the anand parbat locality is showing a downward trend since the last six months. there has been a decrease of 2.9% in the prices of properties in this locality.
a 2 bhk apartment in this locality costs around â‚¹28 lakhs to â‚¹1.5 crores.
renting a 2 bhk apartment would cost around â‚¹11,000 -â‚¹19,000 to your pocket.
scope of growth -
with the upcoming construction projects to make this locality a smart and presentable city, the price of this locality will be witnessing a surge in prices in the future.
as the new apartments coming up are smart and modern apartments, the surroundings of this locality have been improved, thereby attracting many buyers.
investment opportunities -
price trend analysis recommends a 2 bhk apartment as it is a reasonable share of price compared to the upcoming prime location it has become. with the governments new proposed plans, this locality is set to become a demanding spot for buyers, thereby increasing the property prices in the coming future.
this city has lower prices than its neighbouring cities and is a great opportunity to invest in residential properties to earn benefits in the long run.