Overview of Guru Teg Bahadur Nagar, New Delhi

Location and Accessibility

GTB Nagar resides in North Delhi, providing good connectivity. It offers easy access to the Guru Tegh Bahadur Nagar Metro Station, allowing residents to conveniently navigate the city.

Property Prices

• The basic cost for properties in GTB Nagar starts at Rs. 7,089 per square foot.
• An average property can be bought for Rs. 16,994 per square foot.
• The prices of the top listed properties can reach Rs. 60,069 per square foot.

Types of Properties Available

• Apartments/Flats: Available in layouts ranging from 2 BHK to 3 BHK and more. For instance, a 3 BHK flat might cost about Rs. 12,590 per square foot.
• Independent Houses: Large homes with 8 to 12 bedrooms are also available, with prices starting from ₹7.91 Cr and going up to ₹8.25 Cr.

Rental Options

• Renters have a variety of choices including 1 RK and 2 BHK flats.
• Rental prices for a 2 BHK flat begin at approximately ₹22,000 per month.

Amenities and Infrastructure

• This area is famous for its convenient commute and proximity to major landmarks and transport hubs.
• You'll find amenities such as bike and car parking, semi-furnished apartments, and nearby conveniences like Tom Uncle Maggi Point.

Market Trends

• GTB Nagar has seen a notable rise of 24.11% in property prices over the past year, highlighting a robust and burgeoning real estate market.
• The current trends suggest that buying and selling homes here could be profitable.

Availability

• Over 104 properties are available for sale and above 48 properties for rent within the locality.

PropertyWala's Summary

GTB Nagar proves to be an excellent choice for both buyers and renters, owing to its strategic position and the expanding property market. With clear growth in property rates every year, it’s a valuable investment opportunity. However, keep an eye on market trends and study individual property options to ensure an informed choice.