Overview of Mahavir Enclave, New Delhi

Where to Find Mahavir Enclave and What to Expect

Mahavir Enclave is nestled in West Delhi. It's celebrated for its prime location, secure atmosphere, and wide roads. It's packed with amenities such as schools like Universal Public School, hospitals including Shyama Hospital, local markets, and banks, making it perfect for families and professionals both.

Different Types of Properties Available

The area has many different options:

• Builder Floors: These come in various layouts, such as 2 BHK and 3 BHK units. They include car parking, lifts, semi-modular kitchens, and plenty of washrooms.
• Apartments: Found in societies like Kapil Avani Apartments and RWA Block A Mahavir Enclave Part 2, these offer modern and stylish living.
• Independent Houses: These spacious options have built-up areas from 640 to 850 sq.ft and feature modern amenities.
• Plots and Land: Perfect for people looking to build their own homes.

What the Market Looks Like for Buying

The prices of homes in Mahavir Enclave differ depending on type and location:

• Flat Prices: These range from Rs 4,450 to Rs 6,450 per sq.ft, averaging at about Rs 5,850 per sq.ft. Over the last five years, flat rates have increased by 34.5%. Over the past decade, this increase rises to 36.0%.
• Builder Floor Prices: Typically ranging from Rs 4,800 to Rs 6,550 per sq.ft.
• Land Rates: These can go from Rs 11,150 to Rs 29,500 per sq.ft.
• Specific Areas: For instance, Mahavir Enclave Part 1 averages at Rs 6,256 per sq.ft, with prices spanning from Rs 3,846 to Rs 15,246 per sq.ft.

Renting Scenario

For renters, here are some options:

• 3 BHK Builder Floors: Rent starting around Rs 26,500 per month, complete with car parking, semi-modular kitchens, and multiple washrooms.

Market Growth Over Time

• Real estate rates in Mahavir Enclave rose markedly in the past but have recently dipped, falling by 7.29% in property rates in Mahavir Enclave Part 1 last year.
• Nevertheless, the place is still attractive for those looking to buy and sell properties due to its consistent long-term growth and demand.

PropertyWala's Take

Mahavir Enclave, New Delhi, is seen as top spot for real estate investments due to its mix of cost and luxury. It's loaded with amenities, safe surroundings, and strong long-term growth prospects, making it appealing for buyers and renters alike. However, investors should monitor market trends and price movements to make the best choices.