Overview of Narela, New Delhi

Location and Connectivity

Narela sits in the North West district of Delhi. It's well-connected to key parts of the city with various public transit options. Closeby spots include Kendriya Vidyalaya Narela and Sanjeevani The Life Saviour, both within walking distance.

Property Rates

• Properties in Narela start as low as Rs. 1,111 per square foot.
• The average price is around Rs. 5,419 per square foot.
• Prices range from Rs. 2,602 to Rs. 9,444 per square foot.

Types of Properties

• Apartments: Found in 1 BHK, 2 BHK, and 3 BHK configurations.
  • For a 1 BHK flat, the price runs between ₹10.15 lakhs - ₹22.7 lakhs.
• Independent Houses: Modern and spacious with natural environs.
• Villas: Available but less common, providing a luxurious lifestyle.

Localities Within Narela

• Narela Mandi:
  • Starting price: Rs. 1,111 per square foot
  • Average price: Rs. 5,798 per square foot
  • Price range: Rs. 2,812 - ₹14,336 per square foot
• Sector A9:
  • Average price: Rs. 2,790 per square foot
  • Fixed price range: Rs. 2,790 per square foot
• Sector A10:
  • Average price: Rs. 6,888 per square foot
  • Fixed price range: Rs. 6,888 per square foot
• Bankner Village:
  • Average price: Rs. 4,444 per square foot
  • Fixed price range: Rs. 4,444 per square foot

Rental Options

• Seeking to rent? Narela offers flats and houses.
• Often surrounded by greenery, rental properties include amenities.
• Example: A 2 BHK floor with 800 sqft and two bathrooms can be rented.

Market Trends

• Property rates in Narela went down by 11.31% in the last year.
• Narela Mandi saw a 13.72% drop in property rates over the past year.

PropertyWala's Conclusion

Narela in New Delhi offers a mix of opportunities for renters and buyers. It has various property types and prices, attracting different buyer segments. While property rates have dropped recently, it could present a good time for potential buyers or tenants. The area's good transit and services make it appealing for real estate investments or for those looking to move to Delhi.