Overview of Ashoka Road, New Delhi

Location

Ashoka Road is located in the central part of New Delhi, within the Central Delhi region, which makes it a very desirable spot because of its close links to major business and entertainment centers.

Property Types

• Commercial Office Space: This kind of property is the most common, making up around 60% of the properties you can buy and 89% of those you can rent.
• Residential Properties: Primarily 4 BHK houses for sale, which account for around 100% of property listings. For those looking to rent, common offers are 1 BHK apartments from builders.

Price Range

For Sale

• Lower End: Between ₹1.2 Cr and ₹1.4 Cr for residential properties.
• Higher End: Prices go over ₹5 Cr for the most luxurious and commercial properties.

For Rent

• Residential: Monthly rent is between ₹10K and ₹15K for a typical 1 BHK builder's floor.

Property Configurations

For Sale

4 BHK residential houses are by far the most frequent type available.

For Rent

1 BHK builder floor apartments top the list of rental options.

Amenities and Infrastructure

• Central Location: This area is right next to Connaught Place, Janpath, and other major areas, making it easy to access shopping, restaurants, and entertainment venues.
• Public Transport: There are many connections to metro lines and buses.
• Commercial Hubs: Close to major office buildings and business centers.

Nearby Localities

• Connaught Place
• Janpath
• Jantar Mantar Road
• Sansad Marg
• Firozeshah Road
• All these spots provide similar high-end residential and commercial options.

Market Trends

This area's property values are stable and rising, meaning it could work well for both buying and renting. Banks provide home loan options with interest rates that vary widely, from 8.6% to 22.0%.

PropertyWala's Conclusion

Ashoka Road in New Delhi is highly appealing for both investors and property users. With its central location, easy access to amenities, and variety of property types, it's a prime choice. The area leans more commercial, which might affect the range and pricing of residential homes. People thinking of buying or renting should closely look into price shifts and their personal needs for either living or business. If done smartly, investing in Ashoka Road can offer big rewards due to its leading location and continuous demand.