bengali market is a very famous spot in new Delhi, india. its original name is bangali mal market, but with time it has become popular by the name of bengali market.
around 2000 families live in the immediate surrounding posh residential area, which is officially named babar road; however this area is also popularly referred to as bengali market. the bengali market area also includes triveni kala sangam and mandi house.
the average price of this locality is 37,333 - 55,000 / sqft. almost 80% of the properties on sale lie in the range of above 5 crores, whereas 50% of the rental properties lie in the range of 55,000 - 60,000. this locality has various builder floor apartments, residential houses, luxurious 2 bhk, 3 bhk and 4 bhk apartments, and commercial spaces. a little pricey, but once you explore this area and realize what a hot spot place it is you wont be able to know, it really is worth every penny spent.
key highlights :
connectivity to major localities like mandi house, todarmal road, mata sundari railway colony, babar road and many more
close to the mandi house and Barakhamba Road metro station
upcoming residential locality
whats great? :
developed social infrastructure
close proximity to metro station
ample parking space
commercial spaces available
whats not great? :
streets encroached by hawkers
Watch out for? :
upcoming government proposals to redevelop delhi as well as tourist locations.
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 location in delhi. a lot of infrastructural projects are set up to socially and industrially develop this locality.
other highlights :
social infrastructure -
bengali market is mainly a suburban area with sound road, metro and rail connectivity.
markets, shopping complexes, schools and hospitals are nearby too.
shopping complexes & markets -
whorra bros shopping complex ( 2.4 km )
shop of plank ( 2.1 km )
palika bazaar ( 2.4 km )
canott place ( 2.8 km )
mittal store ( 1.8 km )
health care centres -
hello health digital clinic ( 800 m )
aopl digital health clinic ( 2.2 km )
northern railway central hospital ( 3 km )
access healthcare ( 2 km )
loknayak hospital ( 3.3 km )
connectivity and public transport -
barakhamba road metro station ( 1.6 km )
mandi house metro station ( 750 m )
rajiv chowk ( 1.6 km )
safdurgunj airport ( 7.4 km )
schools, banks and fitness centres -
modern school ( 900 m )
np co-ed middle school ( 350 m )
nirmal primary school ( 3.1 km )
delhi public school ( 4.4 km )
mater dei school ( 2.3 km )
banks & atm :
central bank of india ( 9 m )
indusind bank ( 170 m )
bank of america ( 1.6 km )
state bank of india ( 1.7 km )
canara bank ( 2.5 km )
bank of india ( 3.8 km )
hdfc bank atm ( 130 m )
yes bank atm ( 2.3 km )
uco bank atm ( 1 km )
fitness centres :
the fitness center ( 2.9 km )
anytime fitness ( 2.6 km )
fitness first ( 2.7 km )
the world gym ( 2.8 km )
isa khans tomb ( 5 km )
india gate ( 2.3 km )
humayuns tomb ( 5.4 km )
safdurjung tomb ( 6.3 km )
micro market analysis :
capital and rental trends -
price trend analysis have shown the bengali market showing a downward trend since the last six months. there has been a decrease of 19% in the prices of properties in this locality.
a 3 bhk apartment in this locality costs around 52 lakhs to 30 crores.
renting a 3 bhk apartment would cost around 60,000 -1.2 lakhs to your pocket.
scope of growth -
with the upcoming construction to make this locality a smart and presentable city, the price of this locality will be witnessing a surge in the prices
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.