Overview of Gujranwala Town, New Delhi

Location and Amenities

Gujranwala Town, situated in North Delhi, stands out as a well-established residential area admired for its prime location and its amenities. Close proximity to key localities such as Model Town, Derawal Nagar, and Ashok Vihar ensures it's a convenient option for those needing easy access to various parts of the city.

Property Types

• Builder Floors: Found consistently in Gujranwala Town, these properties come in various configurations including 2 BHK, 3 BHK, 4 BHK, and even 6+ BHK units.
• Independent Houses: It also features spacious homes, with 5 BHK options available.
• Plots: A rare find, with limited plots available for sale in this densely populated area.

Pricing

• Builder Floors:
  • Prices range from ₹1.25 Cr to ₹5.5 Cr, averaging out to ₹15,068 to ₹26,666 per square foot.
  • A 3 BHK builder floor usually costs between ₹1.6 Cr to ₹3.60 Cr, depending on size and amenities.
  • A 4 BHK variant can range from ₹2.25 Cr to ₹7.25 Cr.
• Plots: Around ₹8 Cr.
• Independent Houses: A 5 BHK independent house can go up to ₹6.5 Cr.

Price Trends

• Starting prices for properties in Gujranwala Town are at ₹15,384 per square foot, on average, ₹18,904 per square foot, with the most expensive hitting up to ₹65,972 per square foot.
• There's been a 14.44% drop in property rates over the last year, but current indicators seem to suggest now is a good time to buy or sell properties here.

Rental Options

If renting is what you're seeking:

• Builder Floors:
  • For 2 BHK, expect between ₹25,000 to ₹35,000 per month.
  • For 3 BHK, rent typically ranges from ₹37,000 to ₹55,000 per month.
• Costs can vary based on the size, amenities, and condition of the property.

Construction Status

There are various construction stages for properties in Gujranwala Town:

• Ready-to-Move: Many are already move-in ready.
• Under Construction: New projects offer newer housing options.

Additional Features

• Amenities: Often includes gated societies, semi-furnished or unfurnished options, and different orientations.
• Security and Environment: Known for its secure environment and development by renowned builders.

PropertyWala's Conclusion

Gujranwala Town in New Delhi is highly coveted among buyers and renters alike, thanks to its prime location, diverse property options, and price range. Whether you are after a luxurious 4 BHK builder floor or a more budget-friendly 2 BHK unit, this area provides multiple choices. Its proximity to major areas and established amenities make it an appealing option for those desiring a convenient and comfortable living space. Watch out for market trends and price movements, though, to make a well-informed decision.