An Overview of Okhla Industrial Estate, New Delhi

Okhla Industrial Estate, situated in South Delhi, stands out as a major industrial hub combining a mix of industrial, commercial, and some residential spaces. Let’s dive into some highlights from a real estate standpoint:

Property Prices and Trends

• Prices for properties in Okhla Industrial Area can vary quite a bit. The average cost per square foot is about ₹27,390, fluctuating between ₹8,666 and ₹36,111 per square foot.
• If you’re targeting specific industrial structures, prices might go from ₹6 Cr for a 600 square yard plot to ₹30 Cr for bigger plots and completed constructions.

Types of Properties

• The locale mainly consists of industrial buildings, factories, and plots. These properties can range from small plots of around 400 square yards to large ones of up to 2,400 square yards.
• Many buildings feature multiple stories, including basements, ground floors, and upper levels, making them suitable for various industrial and commercial needs.

Infrastructure and Amenities

• Okhla Industrial Area is well linked to major transportation centers like the Delhi Metro and key highways, ensuring excellent access.
• The area boasts state-of-the-art infrastructure, such as well-lit roads, abundant parking, dependable power and water, and amenities like restaurants, cafes, banks, and shopping centers.

Investment Potential

• This region functions as a thriving business zone with a variety of sectors including manufacturing, logistics, IT, and media, making it appealing for businesses and investors alike.
• Despite a noticeable 28.39% drop in property costs over the last year, its long-term growth potential and ongoing development make it a top location for investment.

Availability and Condition

• Properties can be everything from brand new to older builds, with some fully equipped and ready to move in, while others might need some renovation.
• Many properties possess clear titles and are freehold, which can be a major benefit for purchasers and investors.

Rental Income

• Looking to make investments and rent out your properties? There are chances for generating substantial rental revenue. For instance, a building with a built-up area of 35,000 square feet could fetch up to ₹10 lacs in monthly rent.

PropertyWala’s Verdict

Okhla Industrial Estate in New Delhi represents a compelling option for both buyers and investors in the industrial and commercial real estate market. With its strategic position, strong infrastructure, and diverse business landscape, it holds robust potential for long-term growth and solid returns on investment. Yet, it’s vital to thoroughly assess the current market conditions and the exact state and pricing of each property to make an educated decision. Whether you aim to set up a business or earn rental income, Okhla Industrial Estate is certainly a place worth exploring.