ashok vihar is situated alongside the northwest part of delhi, india located along the ring road, delhi. ashok vihar is mainly divided into 4 phases of which ashok vihar phase 2 is well connected to road and rail transport and have sound social infrastructure built in nearby. this locality is bound to get many developmental projects out of which some are underway. many of the infrastructural projects are been headed by top builders.
the average price of this locality ranges from 9,500 - 55,556/ sqft. 24% of the properties on sale lie in the range of 80 lakhs to 1 crores while 18% of the properties lies between rs. 1.4 crores to rs. 1.6 crores. 50% of the rental properties lies in the range of 30,000 - 35,000. this locality has a residential housing mix of various builder floor apartments, residential houses, luxurious 2 bhk, 3 bhk and 4 bhk apartments and residential plots.
key highlights :
connectivity to major neighbouring localities like nimri colony ashok vihar north and Ashok Vihar Phase 1.
great built-in connectivity
upcoming prime locality
whats great? :
a wholly developed social infrastructure.
close proximity to railway station and metro station
sufficient parking spaces.
whats not great? :
busy roads during office hours causing traffic jams.
footpaths barged in by street vendors
Watch out for? :
well - maintained locality in terms of road, buildings and nearby infrastructure.
moderate increase in prices as the upcoming developmental projects are set to make this locality a prime and busy location.
property rising factor :
short term -
well developed social infrastructure
the locality has various infrastructural projects making this locality to be an upcoming prime residential location.
proximity to railway station
long term -
many big projects by big and famous builders have rose the prices of this location.
developed road connectivity
other highlights :
social infrastructure -
ashok vihar phase 2 is mainly a suburban area with excellent connectivity via road and rails.
all the social amenities are located nearby.
shopping complexes & markets -
janpath market ( 13.2 km )
monastery market ( 7.4 km )
karol bagh market ( 14.3 km )
ad market ( 3 km )
masala market ( 1.4 km )
health care centres -
fortis hospital ( 3.6 km )
urban hospital ( 4 .5 km )
max super speciality hospital ( 5.3 km )
dharmarth hospital ( 2.3 km )
rajan babu institute of pulmonary medicine ( 2.9 km )
connectivity and public transport -
netaji subhash place subway station (5.7 km)
delhi railway station ( 9 km )
indira gandhi international airport ( 30.4 km )
delhi airport ( 25.9 km )
schools, banks and fitness centres -
the srijan school ( 1.8 km )
dayanand school ( 250 m )
gd goenka public school ( 1.9 km )
queen marys school ( 2 km )
municipal cooperation public school ( 250 m )
banks & atm :
indian bank ( 2.3 km )
andhra bank ( 300 m )
bank of maharashtra ( 1.9 km )
indusind bank ( 1.4 km )
uco bank ( 650 m )
axis bank atm ( 800 m )
yes bank atm ( 1.0 km )
axis bank atm ( 1.0 km )
fitness centres :
hit fitness ( 950 m )
dronacharya gym ( 450 m )
team core gym ( 450 m )
the aspiration gym ( 2.4 km )
anytime fitness ( 1.8 km )
raj ghat ( 13.6 km )
humayun`s tomb ( 20.7 km )
indira gandhi memorial museum ( 20.4 km )
micro market analysis :
capital and rental trends -
property price trend analysis have analysed ashok vihar phase 2 showing an upward trend since the last half a year. the increase in this prices during this period is known to be around 26%.
upon analysis, a 3 bhk apartment in this locality costs around 1.10 crores to 3.75 crores and 2 bhk would cost around 90 lakhs to 7.5 crores.
the analysis concluded that renting a 3 bhk apartment would cost around 32,000 -55,000 to a tenant whereas a 2 bhk apartment would cost around 12,000 - 27,000.
scope of growth -
the various developmental projects issued by the government under the smart cities mission has surged the demand of the locality. the various projects which are proposed are considered to be developing the residential status of the locality
investment opportunities -
the property price trend analysis recommends a 2 bhk apartment as it is quite affordable as along the developmental projects underway. as the prices are quite low, the residential investment in this area shall reap great benefits for the future.