Saket: Perfect abode for Shopaholics
Derived from Sanskrit, the word ‘Saket’ can be understood as heaven. Manifesting this definition into reality, the locality of Saket is well equipped with good urban infrastructure and amenities making it a desirable locality in the Southern part of Delhi.
Saket is rich with both residential and commercial development and has earned fame for the presence of various malls in the neighbourhood. Initially developed with the provision of LIG, MIG, HIG DDA flats, the area today comprises a fair mix of both mid-segment and luxury units.
Connectivity: Saket is surrounded by Pushp Vihar in the East, Gitanjali Enclave in the North, Sainik Farms in the South and Mehrauli in the West. It is well connected with these neighbourhoods and other parts with the well-structured arterial roads. Further, Saket is accessible by Delhi Metro Rail through Saket and Malviya Nagar metro stations on Mehrauli-Badarpur Road and Press Enclave Road respectively. With well connected road network, the area is also benefited with all round bus facilities and taxi services.
Residential market: As per CommonFloor’s data, sale price trends for multi-storey apartments are in the range of Rs 3,500-11,000 per sq. ft., while price for builder floors range from Rs 8,000-19,500 per sq. ft. and for independent residential houses from Rs 4,000-9,500 per sq. ft. The respective average rental rates for these property types range approximately in the range of Rs 26,000-50,000, Rs 30,000-45,000 and Rs 35,000-65,000 per month.
Detailed breakup for the sale prices is shown in the table below.
Infrastructure: Well known for its mall culture, Saket boasts of several high-end consumer malls such as PVR Complex, Select City Mall, DLF Place, and Metropolitan Mall attracting young population to the area. With the presence of social amenities like Saket Sports Complex, Saket City Hospital, District Park and several educational institutions, the area is climbing high on the realty graph.
Realty Prospects: Undergoing several changes with the help of developmental schemes, the area has seen lot of betterment in the provision of basic amenities and urbanisation. However, due unavailability of land, property values in Saket have become exorbitant, making it a high-end locality.
