Ashok Vihar Phase 1, Gurgaon

ashok vihar is a locality in the northwest part of delhi, india. it is situated along the ring road, delhi, and the area is divided into 4 phases. it is well connected to road and rail transport and has well developed social amenities nearby. this locality is well known for many new projects underway and some of the under constructed infrastructures are being managed by top builders. 

the average price of this locality ranges from 3,611 - 9,402/ sqft. 57% of the properties on sale lie in the range of 40 lakhs to 60 lakhs whereas 56% of the rental properties lies in the range of 10,000 - 15,000. this locality has various builder floor apartments, residential houses, luxurious 2 bhk, 3 bhk and 4 bhk apartments and residential plots.

key highlights 

• connectivity to major localities like laxman vihar, sector 3a, sector 5, laxman vihar, ratan vihar, rajendra park block and laxman vihar industrial sector.

• close to the famous Ashok Vihar Phase 1 metro station

• upcoming posh locality

whats great? 

• developed social infrastructure

• close proximity to Gurgaon railway station

• ample parking space

whats not great? 

• traffic jam on main roads at peak hours

• powercuts

• footpaths encroached by street vendors

Watch out for? 

• developed and well-maintained infrastructure

• prices moderately increasing as the locality is a prime location and an upcoming posh locality in gurgaon 

property rising factor 

short term 

• development in social infrastructure

• the locality is considered to be an upcoming posh residential location

• close to gurgaon railway station

long term 

• lots of new infrastructural developments have been proposed and some are underway.

• developed road connectivity

other highlights 

social infrastructure 

• ashok vihar phase 1 is mainly a suburban area with excellent bus and metro connectivity.

• markets, shopping complexes, schools and hospitals are nearby too.

shopping complexes & markets 

• shop by ( 2.7 km )

• sheetla garments ( 1.1 km )

• shopping mall ( 4.0 km )

• pvr shopping complex ( 3.1 km )

• ss group shopping mall ( 1.1 km )

health care centres 

• jiya clinic (1.6 km )

• womens medicare ( 1.5 km )

• dr jitender taneja dermatology clinic ( 1.1 km )

• lifecare clinic ( 1.1 km )

• chirag hospital ( 2.4 km )

connectivity and public transport 

• huda city centre metro station (12.1 km)

• gurgaon railway station ( 12.1 km )

• indira gandhi international airport ( 22.8 km )

• gurugram bus stop (3.8 km)

schools, banks and fitness centres 

schools :

• sucheta memorial school ( 1.6 km )

• salwan montessori school ( 1.7 km )

• blue bells model school ( 1.6 km )

• xion international convent school (900 m  )

banks & atm 

• banks

• canara bank ( 900 m )

• induslnd bank ( 2.4 km )

• union bank of india ( 1.9 km )

• allahabad bank ( 1.7 km )

• punjab sind bank ( 1.9 km )

atms 

• induslnd bank atm ( 800 m )

• allahabad bank atm ( 1.0 km )

• axis bank atm ( 1.0 km )

• kotak mahindra bank atm ( 650 m )

• canara bank ( 900 m )

fitness centres 

• rock gym ( 1.8 km )

• exercise fitness studio ( 1.1 km )

• the x factor gym ( 750 m )

• dronacharya the gym ( 700 m )

popular landmarks near locality

• india gate ( 35.7 km )

• humayun`s tomb ( 37.3 km )

• munda gumbad ( 29.3 km )

micro market analysis 

capital and rental trends 

• price trend analysis have shown ashok vihar phase 1 showing an upward trend since the last six months. there has been an increase of 26% in the prices of properties in this locality.

• a 3 bhk apartment in this locality costs around 44 lakhs to 58 lakhs and 2 bhk would cost around 31.5 lakhs to 55 lakhs.

• renting a 3 bhk apartment would cost around 15,500 -25,000 to your pocket whereas a 2 bhk apartment would cost around 7,000 - 17,000.

scope of growth 

• with the upcoming construction to make this locality a smart city, the price of this locality will be witnessing a surge in the prices

there have been various builders setting up infrastructural projects to improve the residential status of the locality.

investment opportunities 

• price trend analysis recommends a 2 bhk apartment as it is a reasonable share of price compared to the upcoming residential location it could become. the prices are set low, and hence it can be termed as a good residential investment for long term return seeking investors.