Overview of Paschim Vihar B2 Block, New Delhi

Location

Paschim Vihar B2 Block lies in West Delhi, right along the Nangloi Saiyed Road. It's easy to get to different parts of the city and has good public transportation connections.

Property Types

• Builder Floors: These can come in different sizes like 3 BHK and are move-in ready.
• Independent Houses: Choices include individual builder floors or standalone buildings.
• Flats: Available in standalone buildings, with layouts from 1 BHK to 4+ BHK.

Property Prices

• Prices in Paschim Vihar have varied over time. As of now, the average per square foot price is between ₹15,873 to ₹27,083.
• More detailed property prices:
  • 3 BHK Independent Builder Floor: Around ₹2.5 Cr to ₹3.25 Cr.
  • 1 BHK Flat in a standalone building: Approx ₹40 Lacs.
  • 4+ BHK Flat in a standalone building: About ₹2 Cr.

Price Trends

• Property prices mostly increased in Paschim Vihar, though there are some quarterly variations.
  • In 2024, the prices went up by 11% compared to the prior year.
  • In 2023, the increase was 1%, and in 2022, there was a growth of 5%.

Amenities and Infrastructure

• The neighborhood enjoys facilities like schools, hospitals, and shopping centers.
• Easy access by public transport to rest of Delhi.

Pros and Cons

Pros

• Great Access: Major roads and public transport are just nearby.
• Variety: A range of property types to fit different budgets and needs.
• Facilities: Presence of schools, hospitals, and shops nearby.

Cons

• Unpredictable Changes: Prices often change from quarter to quarter.
• Market unpredictability: Some price drops have been noted recent quarters, which might worry buyers.

PropertyWala's Conclusion

Paschim Vihar B2 Block has various property types and good connectivity, making it appealing for buyers and renters. Although there is general price growth, keeping an eye on quarterly price trends is key. The area's amenities boost its appeal, but market fluctuations suggest a careful approach. Now is a fine time to invest here, especially if you prefer move-in ready properties or standalone houses.