Overview of Meera Bagh, New Delhi

Location and Development

Meera Bagh lies in the upscale residential area of Paschim Vihar, West Delhi. Established by freedom fighter Padma Shri Mir Mushtaq Ahmad, with aid from the Janta Cooperative House Building Society Limited, it consists of two blocks, A and B. The area is noted for its well-kept houses and infrastructure.

Property Types and Prices

• Property Rates: We find properties in Meera Bagh priced about Rs. 16,362 per sqft, starting at Rs. 13,055 per sqft, with prices scaling up to Rs. 48,148 per sqft.
• Price Range: Properties for sale here stretch from ₹60.5 Lac to ₹4.40 Cr.
• Rentals: Rental prices can vary. For instance, a 1 BHK flat is available for ₹9,500 per month for a 700 sqft area.

Infrastructure and Amenities

• Housing: Meera Bagh houses approximately 500 well-built homes catering to contemporary residents.
• Parks and Roads: Known for its maintained parks and streets, the area offers a pleasant living environment.

Market Trends

• Year-over-Year Growth: Property rates in Meera Bagh have seen a 2.18% drop in the past year. You might want to consider that as either a buying or selling point.
• Quarterly Changes: Though quarterly changes for Meera Bagh are not given, neighboring areas like Paschim Vihar show fluctuations, suggesting a dynamic real estate market.

Surrounding Localities

• Neighboring Areas: Popular nearby areas include Vikaspuri and Paschim Vihar, positioning Meera Bagh centrally and making it an ideal living place.

PropertyWala's Conclusion

Meera Bagh in Paschim Vihar, New Delhi, offers a promising real estate opportunity for buyers and tenants alike. The area boasts well-maintained infrastructure, a pleasant living environment, and a variety of property options. Nonetheless, potential buyers should think about the current market trends, such as the slight decline in property rates over the past year. Renters will find affordable options and good amenities. To sum it up, Meera Bagh stands out as a desirable locality for those seeking modern, comfortable living in West Delhi.