mayur vihar 1, Delhi is a locality in the capital city of india, new delhi on the delhi- noida border. the locality is neighbor to the localities of subhash market: block 23, block 18, block 8, block 2; saraswati gali, ganesh nagar, mandawali, paryatan vihar, New Ashok Nagar, chilla, sector 14, and sector 7. mayur vihar 1 is made up of sub-localities consisting of – himmatpuri, trilokpuri, extension 31, patparganj, and kotla village. the region is adjacent to the yamuna river, trilokpuri sanjay lake, and delhi meerut expressway. the region is bound by ghazipur road and noida link road. the average property rates in the region are inr 1,12,300 per square foot. the property market here is made majorly of apartments and builder floor apartments with some offers for commercial office spaces. the popular apartment configuration in the region is 3 bhk, 2 bhk, and 1 bhk apartment. the prices of 1 bhk apartments are from 1 crore to 1.1 crore, 2 bhk are from 1.1 crore to 1.5 crore and 3 bhk are from 1.4 crore to 1.7 crore. for rent, the properties are available in the price range of inr 5,000 to inr 55,000. the major residential projects in the region are shekhar apartments, manas apartments, east end apartments, sahyog apartments, mavilla apartments, navbharat times, ashiyana apartment, supreme enclave, vigyapan apartment, and dda lok apartments. the prominent builders of the region are – bhagvati chgs group, delhi development authority, vigyapan lok cooperation society, and shekhar cooperation society. trilokpuri sanjay lake is the landmark of the region and the properties around it as well as around delhi meerut expressway along with riverside properties near yamuna river are profitable to invest in.
key highlights
- close to swaminarayan akshardham temple, constructed in 2005 and one of the largest temples of new delhi.
- adjacent to the trilokpuri sanjay lake, one of the largest lakes in delhi and an important recreational centre for the citizens of delhi and noida.
whats great?
- located on the delhi noida border and thus has clear access to those industrial, residential, and commercial areas of both the cities which lie on the banks of river yamuna.
whats not great?
- the prices here are out of reach for many
Watch out for?
- properties around trilokpuri sanjay lake as well as around delhi meerut expressway
- riverside properties on the banks of the river yamuna river
property rising factor
short term
- several housing projects such as - shekhar apartments, manas apartments, east end apartments, sahyog apartments, mavilla apartments, navbharat times.
- presence of reputed builders such as bhagvati chgs group and delhi development authority
long term
- the region is adjacent to noida, the river yamuna, a lake, and in proximity to the metro stations.
other highlights
social infrastructure
trilokpuri sanjay lake is the main center of recreation here. several bars such as samaras restaurant and bar, true blue longue, angithi indian, pebble street nfc, baby dragon bar, barshala, and others are the center of education and socialism here.
shopping complex & markets
- mayur vihar metro station shopping mall, mayur vihar
- star city mall, mayur place
- cross river mall, vishwas nagar
- future mall, kohra colony
health care centers
- max super speciality hospital, patparganj
- makkar multispecialty hospital, priyadarshani vihar
connectivity & public transport
- mayur vihar 1 metro station
- new ashok nagar metro station
schools, bank & fitness centers
schools
- sunrise b.ed college, janakpuri
- aster public school, mayur vihar 1
banks
- idfc first bank, acharya niketan
- bank of india, kohra colony
nearby atms of prominent banks
- yes bank atm, mayur place
- state bank of india atm, vishwas nagar
fitness centers
- holistic gym, patparganj
- gainz gym, vishwas nagar
popular landmarks near locality
micro market analysis
capital and rental trends
- the average property rates in the region are inr 1,12,300 per square foot.
- the property market here is made majorly of apartments and builder floor apartments with some offers for commercial office spaces.
- the popular apartment configuration in the region is 3 bhk, 2 bhk, and 1 bhk apartment.
- the prices of 1 bhk apartments are from 1 crore to 1.1 crore, 2 bhk are from 1.1 crore to 1.5 crore and 3 bhk are from 1.4 crore to 1.7 crore.
- for rent, the properties are available in the price range of inr 5,000 to inr 55,000.
scope of growth
- the prices of the builder floor apartments in the region are down by 4% in the first quarter of fy 2021-2022 as compared to the last quarter of fy 2020-2021. the prices are expected to grow by 4% at the end of the year.
investment opportunities
- properties around trilokpuri sanjay lake as well as around delhi meerut expressway along with riverside properties near yamuna river are profitable to invest in.