Palam Vihar locality review

Q: Hi, i was looking at a property in Palam Vihar and wanted to know if its a good investment area?

Tarun Shah, Ahmedabad

24th April 2014

Locality Review in Gurgaon

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Replies (2)

Hello, Can you list me some schools and hospitals in the area? and what are the main pros and cons of this area?

Ranjeet, Faridabad

24th April 2014

Comment

Well Ranjeet, some of the schools are The Maurya school, Shemrock kids zone, Chiranjeev Bharti public School etc

Hospitals: Metro life line, Metro heart institute, Max hospital, Columbia asia hospital etc

Ranjeet the pros are definitely the accessibility that the area enjoys to Delhi, NH8, railway station and the airport. the locality is well planned and the prices are reasonable in comparison to say DLF or Sushant lok.

Jitendar, Gurgaon

24th April 2014

Ok, Please suggest some projects in the area that will be good for both investment and end use.

Ranjeet, Faridabad

24th April 2014

Well,some of the projects here are Bestech Park View Residency, Cosmos Executive Apartments, JBH Apartments and Yadu Apartments which are fully developed residential societies with higher occupancy rates.

you can also look at Ansals Palam vihar with property in price ranging from Rs 19 L- 6CR, ansalas has another property called the celebrity homes. Mahindra lifespaces Aura is also here in price of Rs 77L.

Jitendar, Gurgaon

24th April 2014

hmm ..what is the price trend in the area?? and what type of rentals is the area seeing??

Ranjeet, Faridabad

24th April 2014

Well, the price of multileveled apartments here was Rs 10324 in Dec 13 but fell by 16% in 2014 to an average of Rs 8695 in March 14. The plot here are priced at Rs 88321 /sq yards. so the prices are good and has shown appreciation in the past and is expected to rise as well.

The rentals here are in the range of Rs 20-21/sq ft and so a 900 sq ft 2 BHk will get you rentals of approx
Rs 18000 per month.

Jitendar, Gurgaon

24th April 2014

Hi Tarun,
Palam Vihar is quite near to the national highway and is one of the planned residential area. the majority of the area has been developed by the reputed Ansal property. Palam Vihar is quite near to the international airport as well as the railway station, so excellent connectivity by all sources be it train, air, road or local buses.

The central location ensures that the investment is not just safe but gets you good returns as well. The area also has residential units developed by HUDA and villas ,plots and builder floors as well.

Jitendar, Gurgaon

24th April 2014

Comment

Thanks Jithendar,.how is the area and locality from an end user perspective??

Tarun Shah, Ahmedabad

24th April 2014

Well Tarun, with end use as the main objective the area is quite good as you have market,shopping mall, health club and parks as well as schools and institution nearby. Popular among the shopping hubs ae area like the Ansal Plaza, Palam Triangle, and vyapar kendra. There is good connectivity with local buses and the newly rolled out routes and buses enhances the connectivity.

The area is quite peaceful without the hue and dinn that comes with industries and factories. Overall, safe and secure area with facilities and amenities at doorstep, road conditions are also good.

Jitendar, Gurgaon

24th April 2014

Hmmm..sounds nice !!! Are there any offices nearby or does one have to travel far for employment opportunities?

Tarun Shah, Ahmedabad

24th April 2014

Well the area does have offices of software industries like the IBM,Oracle,TCS, Alcatel and Sapient so young software professionals can find employment nearby .

The area is also close to the ITM university and has engineering and IT courses. The area is good for families, students and young professionals.

Jitendar, Gurgaon

24th April 2014