Overview of Mall Road Area, Shimla

Location and Connectivity

• Mall Road is one of the most prime and central spots in Shimla, famous for its scenic beauty and lively atmosphere.
• It ensures great connectivity, with easy access to key landmarks, public transport hubs, and essential amenities such as schools, hospitals, and shopping areas.

Property Types

• The area features a variety of property types like:
  • Apartments
  • Builder Floors
  • Independent Houses
  • Villas
  • Bungalows
  • Farmhouses
  • Commercial properties including hotels.

Property Configurations

• From compact 1 BHK units to expansive 6+ BHK residences.
• We see configurations like:
  • 1 BHK, 2 BHK, 3 BHK, and 6+ BHK apartments and houses.

Pricing

• Prices vary widely based on the property type and size:
  • Apartments and Builder Floors: Starting from ₹65 Lac to ₹1.75 Cr.
  • Independent Houses: Priced between ₹3.25 Cr to ₹5.5 Cr.
  • Villas: Up to ₹5.5 Cr or more.

Average Price Per Square Foot

• The average price varies significantly around different areas near Mall Road:
  • Lower Bazaar: ₹6,933/sq. ft.
  • The Mall: ₹11,071/sq. ft.
  • Shilli: ₹8,125/sq. ft.
  • Lalpani: ₹10,714/sq. ft.
  • Kaithu: ₹19,642/sq. ft..

Amenities and Facilities

• Properties usually come with modern amenities such as furnished interiors, favorable orientations including east-facing, and close proximity to essential services such as schools and hospitals.
• Many properties offer breathtaking views of the surrounding landscape including lake views and valley views.

Budget Segments

• The real estate market in Mall Road caters to different budgets:
  • Under 20 Lakhs: Limited options available.
  • Under 75 Lakhs: A better option for smaller properties.
  • Under 2 Crore: A wide range of options like apartments and builder floors.
  • Above 2 Crore: Luxury villas and independent houses.

PropertyWala’s Conclusion

We’ve seen that Mall Road in Shimla is an ideal spot for those wanting a blend of natural beauty, modern amenities, and central connectivity. You can find a variety of options whether you want a small apartment, a spacious villa, or an independent house to suit different budgets and preferences. The place is a secure environment, and the presence of renowned builders make it appealing for both investors and homebuyers. However, it’s key to do thorough research and compare prices to find the best fit for your needs. To sum it up, Mall Road offers an excellent choice for diverse property needs and budget goals.