Uttam Nagar is a part of West Delhi and is a residential hub for both the middle-class and the upper-middle-class families. The metro connectivity and urbanization of this locality has made Uttam Nagar a affordable housing area in Delhi.
The affordable unit prices and connectivity are the main reasons that are attracting the homebuyers to Uttam Nagar. Apart from this, the recent report shows that there are more than 16,000 ready-to-move-in housing units for sale in the area.
Options for Homebuyers
Those planning to build own house have more than 40 residential plots to choose from in the price bracket of Rs. 3 lacs to Rs. 7 lacs depending on the size and locality. Apart from this number, there are several plot/apartments and independent homes available for sale in Uttam Nagar under the affordable housing segment.
The price of residential plots in Uttam Nagar currently stands at Rs. 51,554 per sq.yard. While the cost of residential homes in the same area is Rs. 5,809 per sqft and following the same the value of builder floor dwelling units stands at Rs. 4,392 per sqft.
The industry experts feel that the construction quality, connectivity, legal clearance and locality are the factors that together made Uttam Nagar a paradise to invest in affordable property in West Delhi.
Key Areas to Concern About
Even after being the part of Delhi, the national capital the locality lacks major development and thus the civic amenities, traffic congestion and safety are the prime reasons to be concerned about as the infrastructural development is still going on.
But, Blue line on the map of Delhi Metro Rail Corporation has given major relief to the residents as they can commute upto Gurgaon also without getting stuck in the vehicular congestion.
Delhi’s Uttam Nagar is no less than a heaven to make property investment under affordable segment.