Sarita Vihar Locality Review
Sarita Vihar, a prominent residential locality in South Delhi, has been developed and maintained by the Delhi Development Authority. Recently, the area has come under the spotlight because of the innumerable benefits it received in terms of social and physical infrastructure, location, security and maintenance. And with increasing demand for apartments and individual houses, property prices have witnessed a steep hike. As a result, many people are now investing in Sarita Vihar in anticipation of getting good returns in the future.
Sarita Vihar is situated along Mathura Road towards the opposite side of Okhla Industrial estate. Mathura Road, which runs from northwest to south of Delhi, plays a major role in the connectivity of the city. Therefore, Sarita Vihar has gained significant prominence due to its connectivity. The area also has a metro connectivity via the purple line Sarita Vihar metro station. Post metro construction, it has been a preferred location for many people who commute for work to Faridabad. Besides its connectivity to internal parts in Delhi, Sarita Vihar also has easy accessibility to Noida, Greater Noida and Faridabad.
The area has immense potential from an investment perspective. There are various upcoming infrastructure projects in the locality including the Kalindi Kunj by-pass that connects DND flyway with Badarpur. This 7 km elevated road will improve accessibility to Faridabad to a large extent.
The physical and social infrastructure of the area is relatively new and efficient in contrast to older localities such as Lajpat Nagar and Karol Bagh. Since it is built by DDA, water, electricity, sewage and drainage are maintained efficiently. During the monsoons, regular problems such as drainage overflow and potholes on roads are mostly absent. Further, there are several schools and hospitals in the locality.
Sarita Vihar offers wide range of properties in both 2BHK and 3BHK configurations. The area houses apartments as well as individual houses. Moreover, the number of 1BHK apartments and houses are significantly less in the area. The rentals for 2BHK properties are between Rs 11,000-24,000 per month while 3 BHKs are available within the range of Rs 20,000-30,000 per month. Considering the rental and capital values of this area, the average rental yield is observed to be in the range of 2-3 per cent. This is comparatively good for investors in Delhi.
