Basant Vihar, Delhi

basant vihar, Delhi locality is a posh residential locality in the capital of india, delhi. the locality is adjacent to the indira gandhi international airport and jawaharlal nehru university, which are also landmarks. basant vihar is a neighbor to Greater Kailash, hauz khas, lajpat nagar, green park. munirika, shankar vihar and moti vihar. palam road and nelson mandela road border the region. the locality comprises sub-localities consisting of – blocks from block a to block z, basant gaon, basant encalve, air india colony, indian air lines, and indian air estate. the residential and builder floor apartments are the major markets in the region with an average circle rate of inr 5,12,500. the most common apartments in the region are – 3 bhk, 4 bhk and 5 bhk apartments. 3 bhk apartments are in the price range of inr 2.2 crore to inr 2.4 crore, 4 bhk apartments are in the range of inr 4.8 crore –5 inr 1.8 crore and 5 bhk apartments star from inr 5 crore and above. delhi development authority (dda) and basant builders are the top builders in the region with their large-scale residential projects – dda poorvi apartments and basant vihar builder floors. there are several good properties to invest in the region; these include – 3 bhk apartments near the jawaharlal nehru university as the students are always looking for apartments to rent, commercial properties near palam road, and nelson mandela road, and properties near basant vihar district park. as for rent market, the rent for the apartments start at inr 55,000 and can go as high as above 1 lakhs.

key highlights

• adjacent to the jawaharlal nehru university, indias #1 university as ranked by the national rating agency nirf in 2020. 
• adjacent to the indira gandhi international airport, the most prominent airport of north india with flights to several international countries on a regular basis.

whats great?

• each block of the basant market- block a to z has its own local market and its own park.
• embassies of several nations – argentina, brazil, romania,, and others are based in the region. 

whats not great? 

• the prices of properties start at inr 2 crore.

Watch out for?

• apartments near the jawaharlal nehru university 
• commercial properties near the palam road and nelson mandela road 

properties near basant vihar district park. 

property rising factor

short term

• presence of reputed builders such as delhi development authority (dda) and basant builders in the region with their large-scale residential projects – dda poorvi apartments and basant vihar builder floors.

long term

• the region is very well connected with individual markets for each block in it. some of the nicest properties of delhi are available here. 

other highlights

social infrastructure

each block has its own park for recreation and socializing. bars such as pco bar, bulldogs, monkey bar, rpm club and others are also present in the region for socializing. 

shopping complex & markets

• basant vihar market
• d block market, 
• indira market, ballabhgardh

health care centers

• apollo spectra hospitals, block c
• cghs, sector 8

connectivity & public transport

• basant vihar metro station

schools, bank & fitness centers

schools

• archana public school, block e
• tagore international school, block c

banks

• state bank of india, block e
• punjab national bank, block c

nearby atms of prominent banks

• axis bank atm, block c
• yes bank atm, basant lok

fitness centers

• lifestyle swim and gym, block a
• pro-steroid gym, block f

        popular landmarks near locality

• indira gandhi international airport
• jawaharlal nehru university, lake. 

micro market analysis

capital and rental trends

• the residential and builder floor apartments are the prominent markets in the region with an average circle rate of inr 5,12,500. 
• the most common apartments in the region are – 3 bhk, 4 bhk, and 5 bhk apartments. 3 bhk apartments are in the price range of inr 2.2 crore to inr 2.4 crore, 4 bhk apartments are in the range of inr 4.8 crore –5 inr 1.8 crore, and 5 bhk apartments start from inr 5 crore and above. 
• the rent for the apartments starts at inr 55,000 and can go as high as above 1 lakhs. the rent for 3 bhk apartments lies in the range of inr 55,000 – 60,000. the rent for 4 bhk apartments lie in the range of inr 95,000 – 1,20,000

scope of growth

• the prices of the residential apartments in the area plummeted by 7% in the first quarter of fy 2021-2022 compared to the last quarter of fy 2020-2021. this is clearly a reaction to the lockdown imposed in india due to covid 19 pandemic. the prices are expected to recover by the end of the year to about +1% annual growth.

investment opportunities

• there are several good properties to invest in in the region, and these include – 3 bhk apartments near the jawaharlal nehru university. commercial properties near palam road and nelson mandela road and properties near basant vihar district park.