Overview of Lajpat Nagar-IV, New Delhi

Lajpat Nagar-IV stands out as a recognized residential and commercial hub within South Delhi. Let's check out its detailed look from a real estate angle:

Location and Connectivity

• Lajpat Nagar-IV is south of the Inner Ring Road.
• Bordered by such places as Defense Colony, Andrews Ganj, South Extension, East of Kailash, Ashram Chowk, and New Friends Colony.
• The area enjoys close access to main markets, hospitals, schools, and other necessities.

Property Types and Pricing

• Residential Buildings: You'll find builder floor apartments and standalone houses. Often, these are managed by the Residents Welfare Association (RWA).
  • Builder Floors: Come in sizes ranging from 900 to 1100 square feet, priced typically between ₹1.2 Cr and ₹2.05 Cr.
  • Independent Houses: Run from 900 square yards and generally come with a higher price tag compared to builder floors.
• Price per Square Foot: Around ₹18,381 to ₹19,381 per square foot on average for property in Lajpat Nagar-IV.

Key Amenities and Facilities

• Schools and Hospitals: Close by are schools such as SS Khalsa Senior Secondary School and medical centers like IBS Hospital.
• Markets: Known for Asia's largest ladies' suit market within Lajpat Nagar-IV and the Central Market in Lajpat Nagar-II.
• Gated Communities: Several colonies like Vinoba Puri, Vikram Vihar, and Amar Colony offer modern features including parking lots, security, maintenance services, and children's play areas.

Market Trends

• Property prices show stability in Lajpat Nagar-IV, with slight changes. For example, a 1% uptick occurred in nearby Lajpat Nagar areas from Jan-Mar'24.
• The locality has both affordable and upscale properties catering to diverse budgets and tastes.

Rental Options

• Rentals range from fully to semi-furnished apartments. Typically, a 1 BHK apartment in the area may cost about ₹18,000 monthly, no maintenance charges included.

PropertyWala's Thoughts

Lajpat Nagar-IV provides a great mix of living comfort, commercial convenience, and superb connectivity, making it appealing for both buyers and renters. The range of property types, modern features, and convenience to key services make it a top spot for a balanced lifestyle in South Delhi. Whether you're searching for a spacious builder unit or a well-kept stand-alone house, Lajpat Nagar-IV suits different budgets and needs perfectly.