Overview of Govindpuri Extension, New Delhi

Location and Accessibility

• Govindpuri Extension rests in the southern part of New Delhi, making it a top spot for easy city access.
• Close to Okhla Phase 3, Kalkaji, Nehru Place, and the nearby Govindpuri Metro station, it boasts great connectivity.

Property Types and Pricing

For Sale

• It contains various properties like builder floors, apartments, independent houses, and plots.
• The price range is wide, from around ₹16 Lac to ₹95 Lac, fitting diverse budgets.
  • Builder Floors: Starting at ₹16 Lac up to ₹95 Lac, with an avg price per sqft of roughly ₹5,621.
  • Apartments: Ranging from ₹18.5 Lac to ₹64 Lac, average price per sqft is around ₹5,633.
  • Independent Houses: Around ₹25 Lac.
  • Plots: Starting at ₹8 Lac.

Rent

• Rental properties also exist, pricing depends on property type and size.
• For instance, a 1 BHK builder floor may cost ₹23,000 to ₹23,500 monthly, while a 2 BHK might range from ₹18,500 to ₹35,000 per month.

Price Trends

• The avg price per sqft here is around ₹7,960, showing an Y-o-Y growth of +22.88% as of recent updates.
• Still, there's a 6.36% price dip in the market over the past year, pointing to some volatility.

Amenities and Lifestyle

• Residents enjoy a wide range of amenities like lifts, parking for cars and bikes, separate water tanks, and 24-hour caretaker services.
• Often, properties come semi or fully furnished, plus extras like Wi-Fi and IGL connections.
• Known for good design, natural light, and ventilation, it's a hot pick among home seekers.

Market Dynamics

• Many properties fall in the ₹40Lac to ₹80Lac range with the 2 BHK configuration being super popular.
• Showing a mix of buying and selling, the market suggests it’s lucrative for investors and buyers alike.

PropertyWala's Conclusion

Govindpuri Extension, located in New Delhi, looks like a solid choice for property buyers and renters due to its prime location, variety, and price points. With good transport links, amenities, and dynamic market conditions, it stands out. Keep an eye on price patterns and market changes for savvy choices. All in all, Govindpuri Extension stands out for its affordability, lifestyle, and investment appeal in Delhi's real estate scene.