Overview of Okhla Ind Estate Phase-I, New Delhi

Location and Accessibility

• Okhla Industrial Estate Phase-I sits in South Delhi, celebrated for its prime and strategic location.
• It's easily reachable via big roads like Mathura Road and NH-24.
• Close proximity to landmarks like Crown Plaza and ESI Hospital adds to its appeal.

Property Types and Availability

• The region presents a variety of properties, including industrial buildings, commercial offices, warehouses, and logistics centers.
• You'll find everything from freshly built buildings to older constructions, to match your needs and budget.
• Configurations range from buildings with basements and ground floors to multi-story ones (usually 3 to 5 stories).

Property Sizes and Prices

• Plots go from 240 sq. yards to 2500 sq. yards, and built-up areas run from 7,000 sq. ft to 50,000 sq. ft.
• Prices vary greatly:
  • Starting price per sq. ft: Around ₹22,813 to ₹27,390 per sq. ft.
  • Total property prices: Ranging from ₹8.25 Cr to ₹62 Cr, contingent on size and condition.

Amenities and Infrastructure

• You will find well-paved roads and a host of public utilities here, perfect for business setups.
• Common amenities include electricity, water connections (with borewell and Manjeera water), and fire safety measures.
• Many properties boast lifts, separate electricity connections, and parking for cars.

Rental and Investment Opportunities

• You can rent out buildings in Okhla Phase-I, with incomes from ₹2.50 lac to ₹23.50 lac per month, depending on size and condition.
• Investment here is good, with properties offering great rental income plus chances for long-term capital gains.

Market Trends

• Property prices in Okhla Phase-I have shown a steady rise, up by 6.54% year-on-year.
• The area is a prime spot for making both buying and selling property investments due to its top location and growing demand.

Pros and Cons

Pros

• A top-tier location with excellent connectivity.
• A broad selection of property types and sizes available.
• Solid infrastructure development.
• Good potential for rental income and capital appreciation.
• A safe and convenient spot for businesses.

Cons

• Prices can be steep, particularly for larger, newer properties.
• Older buildings might need renovation or maintenance.
• Traffic and industrial activity may impact the environment.

PropertyWala's Conclusion

Okhla Industrial Estate Phase-I in New Delhi provides a compelling offer for people buying or renting commercial and industrial properties. Its prime location, developed infrastructure, and diverse property selection make it an attractive option. While the costs can be high, especially for big and new buildings, the promise of good rental income and potential for capital growth makes it a smart investment. Careful thought about the property's condition, size, and price can guide to an informed decision.