About Ip extension
ip extension, delhi is an abbreviation of indraprastha extension, a sub-locality of patparganj, a region in the capital of india – new delhi. the region is adjacent to yamuna river, lies attached to the delhi meerut expressway (ne-3), and is bordered by the gazipur drain. located in east delhi, ip extension also lies close to the delhi-gaziabad border. the region landmarks include ip extension district park, a large park, dcp east district office complex, and trilokpuri sanjay lake. the locality is a neighbor to the localities of – patparganj industrial area, preet vihar, mayur vihar, laxmi nagar, swastya vihar, and kaushambhi. the notable projects in the region include – karishma apartments, arya nagar apartments, kanungo apartments, navkunj apartments, milan vihar apartments, dda ekta gardens, kripal apartments, retreat apartments, and others. cooperative group housings, delhi development authority (dda), and nav builders are major developers. the circle rate of the region is in the range of inr 1,700-24,200 per square foot. almost all the properties here are residential apartments with few offers for commercial shops and builder floor apartments present here and there. the popular apartment configuration of the region includes – 3 bhk apartments, 2 bhk apartments, and 4 bhk apartments. the prices of 2 bhk apartments are in the range of inr 1 crore to 1.2 crore, the prices of 3 bhk apartments are in the range of 1.2 crore- 1.4 crore, and the prices of 3 bhk apartments are in the range of 1.4 crore to 1.6 crore. the prices for rent for the apartments in the region are from inr 15,000 – inr 35,000. the residential properties near the delhi-meerut expressway, district park ip extension, and trilokpuri sanjay lake are good to invest in.key highlightsthe region has a lot of green zones. parks such as – district park ip extension, dda park, sagar park, and ghazipur district park provide the much-cherished greenery in the region.whats great?the metro infrastructure extremely well covers the region. the stations covering ip extension on the pink metro line are – ip extension metro station and mandavali west vinod nagar metro station.whats not great?the gazipur open drain bordering the locality is highly polluted.Watch out for?properties near the delhi-meerut expressway, district park ip extension, and trilokpuri sanjay lakeproperty rising factorshort termavailability of apartments in projects such as - karishma apartments, arya nagar apartments, kanungo apartments, navkunj apartments, milan vihar apartments, dda ekta gardens, kripal apartments, retreat apartments, and others.long termthe presence of dda as the prominent builder of the regionthe region is well connected through a metro framework and lies adjacent to a major highway in delhi.there is plenty of entertainment and recreational options in the region- trilokpuri sanjay lake, multiple bars, several parks, and others.other highlightssocial infrastructureparks such as district park ip extension, dda park, sagar park, and ghazipur district park provide the socializing spots in the region.shopping complex & marketsrishabh ipex mall, hasanpureg mall, block a, preet viharhealth care centersmax super speciality hospital, sector 108a, patparganjlayoutconnectivity & public transportip extension metro stationmandavali west vinod nagar metro stationschools, bank & fitness centersschoolsst. james model school, chander viharkv college, b-13, chander viharbanksbank of india, narwana roadinduslnd bank, mayur vihar phase inearby atms of prominent banksaxis bank, church roadinduslnd bank atm, mayur vihar phase ifitness centersdda gym, hasanpurbhai fitness gym and spa, fazalpurpopular landmarks near localityip extension district parkdcp east district office complextrilokpuri sanjay lake. lake.micro market analysiscapital and rental trendsthe circle rate of the region is in the range of inr 1,700-24,200 per square foot. the lower price is for residential apartments while the higher price is for builder floor apartments.almost all the properties in ip extension, delhi are residential apartments (89% of the total listings for sale) with few offers for commercial shops (3%) and builder floor apartments (8%) present here and there.the popular apartment configuration of the region include – 3 bhk apartments (41% of the all apartment listings), 2 bhk apartments (43% of the listings), and 4 bhk apartments (16%).the prices of 2 bhk apartments are in the range of inr 1 crore to 1.2 crore, the prices of 3 bhk apartments are in the range of 1.2 crore- 1.4 crore and the prices of 4 bhk apartments are in the range of 1.4 crore to 1.6 crore.the prices for rent for the apartments in the region are from inr 15,000 – inr 35,000.scope of growththe prices of the residential apartments here have seen approximately 3% growth in the first quarter of fy 2021-2022 as compared to the last quarter of fy 2020-2021. it is expected that this growth rate would reach 5% within 2 or 3 years.investment opportunitiesthe residential properties near the delhi-meerut expressway, district park ip extension and trilokpuri sanjay lake are good to invest in.
