Mahaveer Nagar, Delhi

Mahaveer Nagar is a major developing locality in vikaspuri, tilak nagar, in the Delhi metropolitan region. tilak nagar is well-known for its commercial hubs in west delhi. mahaveer nagar is a tourist attraction for domestic and international travelers for their markets, especially for clothes. this region is also developing widely in the real estate sector with affordable as well as luxurious housing fit for middle-class and upper-class families.

the average price of this locality is around 9,500 - 25,161 / sqft. around 45% of the property on sale lies in the bracket of  1 crores - 2.6 crores, whereas 70% of the rental properties lie in the range of 10,000 - 45,000.  this locality has a housing mix of various builder floor apartments, residential houses, luxurious 2 bhk, 3 bhk, and 4 bhk apartments, residential plots, and commercial shops.

key highlights :

• mahaveer nagar has excellent accessibility to various it hubs and other job avenues.

• in order to support industry growth, various real estate projects have been flourishing in.

• commercial spaces and industrial shops are available.

• densely populated region.

whats great? :

• surrounded by greenery all through.

• proximity to tech parks and it hubs.

• various job opportunities are rising due to industrial development.

• good connectivity to delhis main city.

• sound developed road network structure.

whats not great? :

• traffic jams during peak office hours.

• overcrowding due to the dense population

• pollution levels are increasing.

• poorly constructed roads

• streets encroached by vendors and hawkers.

Watch out for? :

• exclusively designed residential apartments posing elegant and simple in nature simultaneously.

• mahaveer nagar has many social amenities being developed as part of social infrastructure.

• new developmental projects are emerging.

• with the recent announcement of luxury integrated townships, this locality has been emerging as one of the fastest-growing localities in the district. this has surged prices in the locality.

property rising factor :

• short term -

• well-developed road connectivity.

• considered an upcoming prime location .

• announcement of new residential projects.

• long term -

• mahaveer nagar being close to various techno parks  has many proposed plans for residential and industrial developments and is a preferred location among young people due to its low cost compared to other locations in delhi.

other highlights :

• social infrastructure -

• mahaveer nagar has social amenities located within walking distance.

• various banks, famous markets, and educational institutes are located nearby.

• shopping complexes & markets -

• pacific mall tagore garden ( 2.1 km )

• lifestyle stores ( 1.2 km )

• janak palace shopping complex ( 3.8 km )

• district centre ( 4.5 km )

• health care centres -

• kureja clinic ( 1.5 km )

• kalsi clinic ( 1.1 km )

• raksha homoeo clinic ( 2.6 km )

• hand a clinic ( 850 m )

• central hospital ( 250 m )

• connectivity and public transport -

• indira gandhi international airport ( 33.3 km )

• nangli railway station ( 9.4 km )

• new delhi railway station ( 35 km )

• schools, banks and fitness centres -

• schools :

• happy model school ( 2.0 km )

• srs mission school ( 1.1 km )

• bright land play way school ( 300 m )

• kanya sarvoday school ( 850 m ) 

• mrv public school ( 1.2 km )

• banks & atm :

• banks

• karur vysya bank ( 4.1 km )

• south indian bank ( 4.0 km )

• axis bank ( 4.6 km )

• indian bank ( 3.8 km )

• atms 

• dcb bank atm ( 400 m )

• kotak mahindra bank atm ( 1.0 km ) 

• bank of india atm ( 3.5 km )

• axis bank atm ( 3.4 km )

• fitness centres :

• choudhry gym ( 550 m )

• her fitness ( 1.5 km )

• strength the gym ( 850 m )

• popular landmarks near locality

• isa khans tomb ( 28.6 km )

• munda gumbad ( 24.2 km )

• humayuns tomb ( 26.4 km )

micro market analysis :

• capital and rental trends -

• the property-price trend analysis has shown mahaveer nagar, delhi, showing an upward trend for half a year. there has been an increase of 33% in the prices of properties in this locality during the period.

• analysis shows purchase of a 3 bhk apartment in this locality costs around 1.02 crores to 3.35 crores.

• renting a 1 bhk apartment would cost around 9,500 -23,000 to the tenant.

• scope of growth -

• many new luxury townships have been announced with the delhi government announcing new developmental projects for the city. this has opened scope for all the cities, and various developmental projects have been upcoming. some of the constructions have begun while some are underway.

• investment opportunities -

• the price trend analysis recommends purchasing a 2 bhk apartment or looking out for a residential plot as it is a reasonable share of the price compared to the upcoming prime location it has become. with this locality still developing, the prices are pretty low compared to other locations; thus, residential investments are quite favorable for long term investors.