Lajpat Nagar, Gurgaon

About

Overview of Lajpat Nagar, New Delhi

It's crucial to know that Lajpat Nagar isn't in Gurgaon, but rather in New Delhi. Here's a detailed look at the area from a real estate angle:

Location and Connectivity

  • Lajpat Nagar is part of the South East Delhi district and uses the pin code 110024.
  • The area has plenty of road and expressway connections and a solid public transport system with the nearby Lajpat Nagar Metro Station and DTC buses.

Types of Properties

Property Rates

  • Properties here start at Rs. 5,000 per square foot, with an average price of Rs. 20,221 per square foot.
  • The most expensive property can fetch up to Rs. 69,444 per square foot.
  • For apartments, the average rate is about Rs. 12,800 per sq ft, with a 2 BHK flat priced between ₹ 9,250,000–₹1.36 crore.

Price Trends and Appreciation

  • Prices in Lajpat Nagar have gone up by 9.49% over the past year.
  • Flat rates have increased by 43.5% in just one year, 50.0% over the last five years, and 15.2% in ten years.
  • Builder floor prices have appreciated by 62.2% in a single year, 54.6% over three years, and 30.0% in five years.

Amenities and Facilities

Rental Options

  • Renters can choose from a variety of options like 1/2/3 BHK flats, builder floors, furnished and semi-furnished properties, houses, commercial properties, and office spaces.
  • Rental prices differ, but a 2 BHK builder floor might cost between ₹26,000 and ₹40,000 per month.

PropertyWala's Final Thoughts

Lajpat Nagar, New Delhi, is a great spot for buyers and renters thanks to its top-notch location, strong transport links, and notable price hikes. The area caters to a mix of residential and commercial needs for varied budgets. Thanks to its lively Central Market, proximity to major business areas, and many recreational spots, Lajpat Nagar stands out as a vibrant and convenient choice for living in central Delhi.

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Price Trends

Locality ID
A395808110
PinCode
122001