Overview of IIT Campus, New Delhi

Location and Accessibility

• The IIT Delhi campus is in South Delhi, a busy and vibrant area.
• It connects easily to the city via metro and is near major transport hubs.

Amenities and Infrastructure

• Shopping malls, multiplexes, food joints, and local markets dot the campus area.
• The institute offers modern facilities, a crèche for kids, and good recreational facilities.

Housing Options

On-Campus Housing

• There are about 600 houses and apartments on campus, split between the Old and New Campuses.
• Allocations depend on seniority, and new faculty may use transit housing for 3-4 years due to a housing shortage.
• The New Nalanda Apartments have a few one-bedroom flats; more are under construction.

Off-Campus Housing

• When on-campus housing is unavailable, off-campus transit homes near the Chhatarpur Metro Station are available, about 7 kilometers away.
• These flats are apartments and include 3-4 BHK units; tenants pay for maintenance and electricity.
• Faculty get off-campus housing via a three-party agreement with the institute, up to ₹50,000 a month.

Real Estate Market

Demand and Supply

• The area around IIT Delhi sees high demand for housing to its educational proximity and amenities.
• Yet, housing supply inside the campus is low, causing a gap between demand and supply.

Rental Prices

• Exact IIT Campus rental prices aren't noted, but South Delhi areas nearby see big rental values like ₹10,000-₹19,000 per month for shared accommodations. For instance, in places like Govindpuri, Jasola, and Greater Kailash.

Real Estate Trends

• Demand for modern and well-suited housing rises due to the swelling student and professional numbers.
• Developers change some residential areas into student living spaces to meet the rising need.

PropertyWala's Conclusion

You may find a competitive market with great demand and limited availability if you're buying or renting property in IIT Campus, New Delhi. It has good transport, amenities, and an energetic atmosphere, making it a top choice for students and professionals alike. Keep the on-campus housing shortage in mind and prepare for off-campus options, still offering comfortable living. With ongoing development and changing real estate trends, this area remains a strong investment with a vibrant living space.