Nehru Enclave, Delhi

nehru enclave, Delhi is a posh sub-locality of greater kailash in new delhi, the national capital of india. the sub-locality is close to other sub-localities of greater kailash such as – block a, block e, block j, block c and the sub-localities of kakaji such as – pocket 40, block 18, nehru place, block l, and others. the area is well covered by the magenta metro line and even has its metro station – nehru enclave metro location. nehru enclave is neighbour to localities of  -  east of kailash, garhi, kakaji, chittaranjan park, and nehru enclave. 

key highlights

• almost attached to nehru place, the most prominent it market in india. every electronic equipment is available in this market, and naturally, it is one of the most important commercial hubs of new delhi.

• located just next to the astha kunj park, a 200-acre large park for recreation and sports undertakings. several other prominent parks in the area are greater kailash r block district park, kakaji park a, siri fort model park, w block park, etc.

• located just a few kilometers from hauz khas forest and Jahanpanah City Forest, two prominent wildlife, camping, and trekking centers in delhi.

• just next to the lotus temple, one of the major tourist attractions of delhi.

whats great?

• well connected and at a short distance from a few of the important commercial markets of delhi – nehru place, kakaji market, and the kailash colony market.

• located reasonably close to the chennai delhi – highway nh-44

• located close enough to the delhi- uttar pradesh border that commute from nehru enclave to noida takes less than an hour, under no traffic conditions

whats not great? 

• property prices in the region are very high.

• Watch out for?

• apartments near the outer ring road and the nehru enclave metro station

• property rising factor

• short term

• apartments in housing societies such as – nehru apartments, southpark apartments, and nabapalli apartments

• long term

• the area is well connected through metro infrastructure, has access to major markets in delhi, is close to few significant tourist attractions, and is located close to one of the largest parks in delhi.

other highlights

• social infrastructure

astha kunj park, a 200-acre large park, is a significant spot for recreation and sports in the area. several other prominent parks– greater kailash r block district park, kakaji park a, siri fort model park, paras ground, nabapalli grounds, w block park, and others also provide excellent social connectivity services. 

shopping complex & markets

• nehru place

• kakaji market, kakaji

• health care centers

• apollo spectra hospital, pocket 40/203, nehru enclave

• phoenix hospitals, block e, greater kailash

• connectivity & public transport

• the nehru enclave metro station

schools, bank & fitness centers

• deshbandhu college- delhi university,  kakaji

•  kautilya govt. sarvodaya bal vidyalaya, greater kailash

• veer savarkar kanya vidyalaya, pocket 40/203, nehru enclave

• popular landmarks near locality

• nehru place

•  aastha kunj park

•  lotus temple

micro market analysis

• capital and rental trends

• the property market in nehru enclave, delhi, consisted of residential apartments, which make 100% of all the total available offerings. about 80% of the properties are builder floor apartments, and the next 20% are residential apart

• ments.

• a significant portion of the property market is dominated by 3 bhk apartments, making about 70% of all the listed apartments. 4 bhk apartments cover 30%.

• the price range of residential apartments is about inr 14,000 to inr 1,25,000 per sqft, with the lower limit offered for residential apartments lying on the inner side of the enclave close to the block b localities. the higher limit is offered for residential apartments lying close to the nehru enclave flyover, outer ring road, and the magenta metro line.

• a significant portion of the properties offered on rent is – builder floor apartments at 63%, while residential apartments cover the next 12 %. commercial properties offered for rent make up about 25% of the available rental market.

• the average rent for 3 bhk apartments starts at inr 30,000 and can go as high as inr 45,000 depending upon locality.

• scope of growth

• the property prices in the area are already very high, with the price of even a 1 bhk apartment well above  inr 1 crore. with such high prices, any hope of an appreciable increase in prices within five years or so would be unwarranted, maybe even almost impossible. anyways, the properties are expected to appreciate at the slow rate of 0.25%-0.50% per year.

• investment opportunities

• investment in the properties lying close to the nehru enclave flyover, outer ring road, and the magenta metro line is a good strategy.