Overview of Ashok Vihar Phase I, New Delhi

Location and Connectivity

• Ashok Vihar Phase I is placed in the north-west part of Delhi, close to major industrial zones, transport hubs, and commercial spots. It nears the Wazirpur Industrial Area and GT Karnal Road Industrial Area, boosting its connectivity and appeal.

Infrastructure and Amenities

• This neighborhood has well-planned facilities including peaceful parks like Baba Chaudhary Khimman Singh Park and lively markets such as the famous Deep Market.
• Ashok Vihar Phase I mixes residential attractiveness, commercial energy, and plenty of green areas, making it a prime spot to live and invest.

Property Types and Pricing

• Residential Options:
  • Apartments: Many are offered here, priced between ₹11,250 to ₹25,000 per square foot. The typical price stands around ₹19,825 square foot.
  • Houses/Villas: You find 2+ houses/villas up for grabs, with some top-tier properties like a 10 BHK independent house.
  • Builder Floors: Less common, seen often in other phases or nearby areas like Gurgaon.

Property Rates and Trends

• Current Prices:
  • Starting property prices: ₹11,250 per sqft
  • Average price: ₹19,825 per sqft
  • Premium property: ₹55,555 per sqft.
• Price Trends:
  • Property prices have dipped 46.94% year-on-year, but market trends hint buying or selling may still be profitable.

Rental Options

• Monthly rents for 2 BHK flats run from ₹21,300 to ₹33,900 in Ashok Vihar Phase I. Add in security deposits and maintenance fees.

Nearby Facilities and Services

• Educational Institutions: Guru Angad Public School is situated nearby, around 0.3 km.
• Healthcare: Reticure Eye Centre (Part of COMET Eye Hospitals) is roughly 0.9 km away.
• Other Services: There are markets, parks, and other community facilities available.

PropertyWala's Conclusion

In New Delhi, Ashok Vihar Phase I stands out as an appealing choice for both buyers and renters, thanks to its prime location and well-managed infrastructure. Although property rates recently fell, the area’s appeal remains strong for investment and living, offering varied property styles and competitive prices. Buyers and renters ought to factor in current market trends and the benefits of the area to decide wisely. With its blend of urban convenience and tranquil green spots, Ashok Vihar Phase I emerges as a noteworthy contender in Delhi's property market.