New Mustafabad, New Delhi Overview

Location and Historical Context

New Mustafabad, situated in the North-East district of Delhi, India, carries the pin code 110094. Once chiefly agricultural with scattered settlements and farms, it has recently morphed into a residential hub due to urbanization and population growth.

Development and Infrastructure

The region has seen explosive urban growth, featuring residential colonies, commercial centers, and other infrastructure elements. Despite its rural roots, with farms and open spaces still in play, New Mustafabad now buzzes with urban life.

Property Types and Pricing

For Sale

• Residential Houses: Common property type, 59% of listings being residential houses. Prices span ₹20 lakhs to ₹40 lakhs, which covers around 33% of properties. An additional 20% priced up to ₹20 lakhs.
  • 3 BHK Houses: Make up the bulk, around 50%.
  • Price Range:
    • ₹20 lakhs - ₹40 lakhs: 33%
    • Up to ₹20 lakhs: 20%
    • ₹40 lakhs - ₹60 lakhs: 13%
    • Others: 34%.
• For Rent
• Residential Houses and Apartments: Available in 1 BHK, 2 BHK, 3 BHK.
  • Price Range:
    • ₹5,000 and lower: 33%
    • ₹5,000 to ₹10,000: Also 33%
    • Others: 34%.
  • Common Configurations: The 2 BHK is most popular rental room, about 33% of the market.

Real Estate Market Trends

Pricing Per Sqft

• Flats average Rs. 5,830 per sq ft in New Mustafabad. That’s a range of Rs. 4,666 to Rs. 7,575.

New Projects and Developers

• Many new projects are being built by developers like Risland India, Godrej Properties, Unity Group, and DLF Ltd. Prices range from ₹2.05 Cr to ₹9.98 Cr, with completions from 2025 to 2028.

Amenities and Lifestyle

• Close to Amenities: New Mustafabad is close to schools, hospitals, and shopping centers, providing convenience.
• Transportation: Easily connected via Delhi’s public transport system with the Nawada metro station nearby.

PropertyWala's Conclusion

New Mustafabad is ideal for both buyers and renters seeking affordability combined with urban convenience. Its swift development and ongoing projects highlight a robust real estate market. While some rural charm remains, it's rapidly growing into a modern hub with robust transportation and amenities. For investors and potential residents, New Mustafabad offers diverse property options fitting various budgets.