This info focuses on New Friends Colony in Delhi, not Alwar. We'll look at a real estate perspective.

Spot and Amenities

• New Friends Colony is a famous, premium spot in South Delhi, noted for being secure and prime.
• This area connects easily to other city parts and has numerous amenities within reach, including schools, hospitals, shopping spots, and recreational hubs.

Property Sorts

• Homes: The region features diverse property types:
  • Flats / Apartments
  • Builder Floors
  • Freestanding Houses
  • Luxury Villas
• Business Spaces: You’ll find office spaces, co-working areas, shops, and showrooms here.

Pricing

• Rental Home Prices:
  • Flats: They go from Rs 9,250 to Rs 28,800 per square foot.
  • Builder Floors: Prices range from Rs 12,550 to Rs 24,250 per square foot.
  • Freestanding Houses: Prices can climb up to ₹ 34 Cr for a 6+ BHK home.
• Home Rentals:
  • Builder Floors: Monthly rents range from ₹25,000 to ₹ 3.5 Lac.
  • Freestanding Houses: Monthly rents range from ₹86,000 to ₹ 5.5 Lac.
  • Apartments: Monthly rents range from ₹ 16,500 to ₹ 3.3 Lac.

Pricing Patterns and Changes

• Price Rise:
  • Flat prices have dropped 35.6% over the last 10 years.
  • Builder floor prices have gone up 12.3% in 1 year, 8.5% in 3 years, and 17.1% in 5 years.

Rental Scene

• Housing Options: The area presents numerous rental choices, both furnished and semi-furnished.
  • Builder Floors: The avg rent per sq. ft is roughly ₹ 51.
  • Freestanding Houses: The avg rent per sq. ft is around ₹ 99.
  • Office Spaces: The avg rent per sq. ft is around ₹ 81.

Societal Life and Community

• Dynamic Community: New Friends Colony boasts a lively community with various societies catering to different lifestyles.
• High-end and Modern Living: It offers everything from luxe homes to modern vibes, meeting different tastes and interests.

PropertyWala's Summary

Let’s wrap it up: New Friends Colony stands out for both buyers and renters. It blends affordability and luxury. The area’s prime spot, safe environment, and broad property types make it very appealing. Yet, checking historical price patterns and current market rates will help in making wise decisions. Whether you seek a fancy standalone house, a useful builder floor, or a business space, New Friends Colony meets needs for all budgets and preferences.