Mehrauli: Thriving on connectivity & proximity to Delhi Univ.
Founded by King Mihir Bhoja, Mehrauli is one of the ancient seven cities of present Delhi. The area is rich with past glory and is home to architectural heritage. Additionally, it is one of the peaceful localities with good connectivity to other parts of Delhi.
Mehrauli is bounded by Hauz Khas in the South, Chattarpur in the East and Ghitorni in the West. It is well accessible from prime locations in the city through metro rail and city bus services. The nearest metro stations are Chhatarpur and Qutab Minar Metro Station. The area also enjoys swift connectivity to Gurgaon via Mehrauli-Gurgaon Road.
Rental Values
So, what is driving rentals here? Well, its proximity to Delhi University’s South Campus has made it a preferred rental destination for the students. Further, one gets all the possible amenities in the affordable price brackets, which has made it a preferred rental destination among home seekers.
At present, the capital values for apartments are in the range of Rs 3,800-to-4,500 per sq. ft., while for builder floors the range varies from Rs 4,000-to-8,500 per sq. ft. The average rental range for the area fits between Rs 13-16 per sq.ft. matching with the average of South Zone.
That’s not all! To ease the traffic flow, there are proposals by UTTIPEC (Unified Traffic and Transportation Infrastructure – Planning and Engineering Centre) to develop the NH-8 from Mehrauli-Mahipalpur with inclusion of grade separators. With improved connectivity, Mehrauli’s realty market is also expected to get a shot in the arm.
