Palam Colony, Delhi

palam colony is a bustling residential pocket situated in south west Delhi. palam colony new delhi has developed into a sought-after residential locality for its excellent connectivity to the employment hubs in gurgaon and the delhi ncr and its closeness to the indira gandhi international airport. the locality is connected to all the neighborhoods of the delhi ncr via metro and a good network of roads such as dwarka road, nala road, najafgarh road, and urban extension road (uer ii).

the locality ranks high on the parameters of connectivity and availability of reputed hospitals. some of the reputed hospitals, such as divya prastha hospital, singhal hospital, and highland care multispeciality hospital, are situated in the palam colony neighborhood of new delhi.  the nearest metro station to the township is palam metro station. it is connected to delhi metros magenta line.

the neighborhood has a mix of all property types from multistorey apartments, independent houses to builder floor apartments. 55% of the salable properties of the neighborhood are the 2 bhk apartments. apartments with various kinds of room configurations such as 1bhk, 2bhk, and 3bhk are available in the locality through the most easily available room configuration is that of 2bhk. aky innovative builders llp, kaustubha associates and maan properties & developers pvt ltd. are the eminent real estate developers in the neighborhood. 

key highlights

• proximity to the employment hubs such as janakpuri district centre,  mangolpuri industrial area and mayapuri industrial area that are located at a distance of 7 km, 14 km and 9 km. respectively from palam colony.

• availability of good hospitals such as ameda hospital, bhagat chandra hospital and ardent hospital.

• good connectivity to delhis upscale commercial hub of connaught place and gurgaons dlf cyber city via an excellent network of roads.

whats great?

• good metro connectivity with all neighborhoods of delhi ncr.

• solanki complex, vandana shopping mall and khandelwal shopping complex are nearby.

• esteemed colleges, educational institutions and schools nearby.

whats not great?

• traffic jams are an annoying issue with the residents of palam colony.

• air pollution could be a major issue.

Watch out for?

• possession of 2bhks and 3bhks in dushad homes. it is an upscale residential project with all amenities such as groceries, banks, healthcare centres, shopping malls and parks close by.

property price rising factor

short term

• good bus services 

• good connectivity across delhi and with neighboring cities of gurgaon and noida. 

long term

• good metro connectivity of palam colony with noida

• easy accessibility to the employment hubs in connaught place in delhi, janakpuri district centre in delhi and dlf cyber city in gurgaon. 

other highlights

social infrastructure

palam colony is a well-developed residential hub in new delhi that ranks high on connectivity, cleanliness, market, restaurants and hospital parameters. however, the neighborhood does not rate high on the parameters of parking and traffic. 

shopping complex & markets

• umdesh bhawan shopping centre

• goyalsons palam

• modne

• footfall outlet

health care centers

• highland care multispeciality hospital: main road palam colony

• ace hospital: near jbm public school

• global hospital: raj nagar part-2, palam colony.

• bhagat chandra hospital: mahavir enclave palam dabri marg

connectivity & public transport

the Shahabad Mohammadpur railway station and the palam railway station are the closeby railway stations to the palam colony residential locality. 

buses ply from the palam colony to the various neighbourhoods across new delhi. some of the local bus stops in palam colony are mahavir enclave and 6/7 crossing. 

schools, bank & fitness centers

schools in this area:

• bhartiyam public school: raj nagar-ii

• government boys senior secondary school: sadh nagar

• future pride school:  palam colony

• new delhi convent senior secondary school: old mehrauli road

• guru harikrshan model school: raj nagar part-ii

banks in the area:

• state bank of india: palam village road

• central bank of india: main road indra park

• hdfc bank: sadh nagar 1

• punjab & sind bank: palam colony

• sidikant bank: kailash puri palam

nearby atms for all prominent banks:

• hdfc bank  atm

• central bank atm

• icici bank atm

fitness centers:

• muscle and fitness gym: raj nagar

• blacks gym: old mehrauli road

popular landmarks near locality

• swarg ashram mangal puri: mangal puri ii

• maharishi balmiki mandir: nasirpur road

• sulabh international museum of toilets: sulabh bhawan

micro market analysis

capital and rental trends

• the neighborhood has witnessed a rise in the price of properties by 1.1% in the jan-march2021 quarter from the oct-dec2020 quarter. 

• the average price per sq. ft. of property in the palam colony is rs.8, 429 and the price range of properties per sq ft. in the area is between rs.1755 to rs.20,000. the price of the 3bhks in the locality is between rs.35 lacs and rs.3.06 cr. 

• the average price for renting apartments in the palam colony is rs.14,893. the price for renting properties lies within the range of rs.6,000 to rs.45,000.

scope of growth

• palam colony ranks high as a residential locality based on the market, hospital, school, malls, fitness centres and connectivity parameters. 

investment opportunities

• factoring in the analysis of price trends, both selling and buying properties in the locality proves to be lucrative. the 2bhks and the 3bhks are the best properties to invest in.