Overview of Paschim Vihar, New Delhi

Paschim Vihar, situated in Delhi's western region, is an established and organized residential area that offers diverse real estate options for both buyers and renters.

Historical and Development Context

Back in the late 1970s and early 1980s, Paschim Vihar started to develop, making it an older and green locality. The east side, largely managed by the Delhi Development Authority (DDA), and the privately developed west side are split by the Outer Ring Road. The DDA handed over vast property sections to private groups, leading to the building of roads, utilities, and plots for members.

Property Types and Prices

For Buyers:

• Property prices differ greatly in Paschim Vihar. On average, a flat costs around ₹2.10 crore, with prices for 1-5 BHK options ranging from about ₹47.3 lac to ₹5.50 crore.
• The average per square foot flat rate is about ₹13,550, with 2 BHK flats priced between ₹77.3 lakhs to ₹1.45 crore and 3 BHK flats in a similar range.

For Renters:

• There are flat rental prices ranging from ₹10,000 to ₹42,000 monthly. For example, Madhur Apartment rents vary from ₹10,000 to ₹42,000, while Sunder Apartment's monthly rents range between ₹36,500 to ₹38,000.

Connectivity and Infrastructure

• Transportation: Paschim Vihar has strong ties with the Outer Ring Road and Rohtak Road. Multiple nearby bus depots serve the area, including Nangloi, Sultanpuri, Mangolpuri, and Keshopur. The locality also boasts metro stations such as Peera Garhi, Paschim Vihar West, and Paschim Vihar East.
• Proximity to Key Locations: Located about 16.5 km from New Delhi Railway Station and 16.8 km from Indira Gandhi International Airport.

Social Amenities

• Retail and Shopping: A standout is the JwalaHeri market, turning a historic village into a bustling retail mall that draws visitors across Delhi.
• Schools: The area features several public and private schools, like St. Froebel Senior Secondary School, Divine Happy, St. Sophia, St. Martins, Doon Public School, and Bharti Vidyapeeth’s College of Engineering.
• Healthcare: Nearby hospitals and clinics include Chinmaya Vision The Eye Hospital, Jainar Hospital, Sanchet Hospital, and Medstar Hospital.
• Recreation and Fitness: Gyms and fitness centers like Trainer Fitness Studio, Magnum Fitness, and Cult Gym Paschim Vihar offer various options.

Employment Hubs

• Office Centers: Residents can effortlessly commute to Connaught Place (CP) and Noida via metro. With the Green Line and Blue Line connected at Kirti Nagar.

Demand and Supply

• Property Types: The demand is high for apartments (50%) and builder floors (40%), with lesser calls for independent houses and office spaces.
• Price Segments: There is significant demand for properties priced below ₹50 lakhs to ₹2 crores, supported by ample supply in this range.

PropertyWala's Conclusion

The blend of modern amenities, good connectivity, and a wide array of property options make Paschim Vihar attractive to both buyers and renters. Its historical development, tight residential community, and proximity to schools, hospitals, and retail areas boost its appeal. Whether seeking a luxury residence or a budget-friendly choice, Paschim Vihar presents diverse options catering to varied lifestyles and preferences.