Vikas Nagar, Delhi

vikash nagar is a locality in Delhi. it is a residential area located in west delhi. the locality has excellent connectivity to other areas of delhi by metro, road, and rail. Tilangpur Kotla, mohan garden, razapur khurd, and laxmi vihar are nearby areas. the residential spaces in the locality are budget properties. there are a lot of listed properties in nearby mohan garden as well. 

mundka railway station and nangloi railway station are nearby railway stations. the former station is 9kms from here, and the latter is 7.2kms from here. dwaraka mor metro station is the nearest station at a distance of 3.6kms. nangloi metro station and mundka metro station are accessible as well. chanchal park bus station, tilangpur kotla bus station are nearby bus terminals.  

vikash nagar is rated well by the residents. the locality is placed well on many livability parameters such as roads, safety, neighbourhood, and cleanliness. 38% of the properties for sale in the area range from 20-40 lakhs. 29% of the properties for sale are in the price range of 20 lakhs. 2bhk is the typical configuration here. 42% of the properties posted on real estate integrator platforms are residential houses.

key highlights

• excellent connectivity with other areas of delhi by road, rail, and metro. 

• mundka railway station and chanchal park bus station are the nearby public transport stations.

• pvr pacific mall in tagore garden and many local convenience stores and markets are close by

whats great?

• availability of metro services 

• indira gandhi international airport is 17kms from vikash nagar. 

• all central banks like corporation bank, pnb, canara bank, and sbi are nearby.

• educational institutions, parks, hospitals, gyms, restaurants are in proximity. 

whats not great?

• road traffic during busy hours

• air pollution

Watch out for?

• residents have easy access to metro and bus services.

• excellent roads, connectivity to employment hubs, and safety in the locality is an advantage. 

property price rising factor

short term

• several ready-to-move-in newly built properties are available. budget properties are in the range of 22-48 lakhs based on carpet area.

• well-established locality in west delhi. 

long term

• established social infrastructure

• the area has good road connectivity to nearby areas. metro is accessible. reaching tagore garden is easy.

• exceptional public transport facilities make it easy for locals to commute to work. 

other highlights

social infrastructure

vikash nagar has an excellent social infrastructure. schools, banks, colleges, movie theatres, dispensaries, clinics are available in this area. the area is rated well on the livability index in terms of services like local market complexes and public transport availability, cleanliness, safety, etc. 

shopping complex & markets

• local convenience stores

• pvr pacific mall: tagore garden

• unity one mall: shivaji marg

health care centers

• raksha enclave: razapur khurd

• mothers pride poly clinic

• dr. anupam kumar hospital

• neelu medicos

connectivity & public transport

dwarka mor metro station is 2.9kms from here.

schools, bank & fitness centers

schools in this area:

• new age public school

• little prides school

• sant r l d public school

• blossoms kids school

banks in the area:

• state bank of india

• punjab national bank

• corporation bank

• bank of india

• axis bank

nearby atms for all prominent banks:

• sbi atm

• corporation bank

• canara bank

• syndicate bank

• icici bank

fitness centers:

• the star power gym

• fit n fine gym

• the fitlegion gym

popular landmarks near locality

• ghor park village hastsal, public park, matiala park are nearby attractions

micro market analysis

capital and rental trends

• in vikash nagar, the average price per sq.ft in a multistorey apartment is rs. 4097 in the last quarter of fy20. 

• the average per sq. ft. cost in nearby dwaraka mor is rs. 4531 and the price is rs. 4488 per sq. ft. in mohan garden. 

• budget apartments with a carpet area of 600 sq. ft. are available in vikash nagar and nearby mohan garden.

• 86% of the properties for rent here are in the range of 5k-10k per month. 2bhk is the common configuration and accounts for more than 43% of all the properties put up for rent.

scope of growth

• vikash nagar has excellent road, metro connectivity, commercial spaces, and well-established social infrastructure. it is a residential locality in west delhi. 

investment opportunities

• the price per sq. ft. is modest. the trend suggests holding possession in a ready-to-move-in apartment in this locality or nearby uttam nagar, dwaraka mor, mohan garden. employees working in nearby hubs may find it convenient to live here. 24 properties are on sale here.