Overview of Pitampura, New Delhi

Pitampura lies in the North West Delhi district and is a stylish, upscale area with a mix of residential, commercial, and retail activities.

Historical and Developmental Context

• Pitampura was developed by the Delhi Development Authority (DDA) in the 1980s, transforming it into a well-planned neighborhood.
• This area is home to key landmarks like the 235-meter-tall Pitampura TV Tower and Delhi’s second Dilli Haat, spread over 7.2 hectares.

Real Estate Market

Property Types

• Apartments available in societies such as cooperative housing groups like Kohat Enclave, Deepali Enclave, Maurya Enclave.
• Builder Floors are highly popular with many newly supplied options in the area.
• Independent houses exist too, though they are less usual than apartments or builder floors.
• There are limited Office Spaces, which meet commercial needs.

Demand and Supply Analysis

• Demand:
  • Apartments: 45%
  • Builder Floors: 23%
  • Independent Houses: 29%
  • Office Spaces: 2%
• Supply:
  • Apartments: 15%
  • Builder Floors: 56%
  • Independent Houses: 16%
  • Office Spaces: 2%

Pricing

• Residential Properties:
  • 1 BHK: ₹ 7,975 - ₹ 21,350 per month (rent), priced under ₹ 50 lakh (sale).
  • 2 BHK: ₹16,000 - ₹32,000 per month (rent), priced between ₹ 50 lakh - ₹ 2 crore (sale).
  • 3 BHK: ₹ 25,300 - ₹60,000 per month (rent), priced between ₹ 2 crore - ₹ 5 crore (sale).
  • 4 BHK: ₹ 34,500 - ₹ 1.1 lakh per month (rent), priced above ₹ 5 crore (sale).
• Commercial Properties:
  • Office Spaces: Range from ₹ 5,000 to ₹ 3.75 lac, depending on location and amenities.

Amenities and Infrastructure

Educational Institutions

• It's close to many schools such as Darbari Lal D.A.V. Model School, Himalaya Foundation School, and Sachdeva Public School.

Healthcare Facilities

• Also nearby are several hospitals and clinics such as Muni Maya Ram Jain Hospital, Medha Hospital, and Bhagwan Mahavir Super Speciality Hospital.

Public Transport

• The neighborhood is well-linked with metro stations such as Kohat Enclave, Pitampura, Netaji Subhash Place, and Rohini East, making travel easy.

Recreational Facilities

• You’ll find parks, recreational spots, and shopping complexes like Netaji Subhash Place, Pacific Mall, and PVR cinemas.

Other Amenities

• Gated communities with CCTV surveillance, lift facilities, ample parking are common.
• Gyms, temples, and local markets are within walking distance.

Connectivity and Accessibility

• Encircling it are NH-1, Rohtak Road, and the Outer and Inner Ring Roads, ensuring strong connectivity to other areas in Delhi.

PropertyWala's Conclusion

Pitampura represents a highly desirable place to live due to its lush greenery, improved market accessibility, and strong infrastructure. It's great for both homebuyers and renters, offering a spectrum of properties from affordable to luxurious. The availability of educational institutions, healthcare facilities, and recreational areas make it appealing to families and professionals. Yet, higher property values and maintenance costs must be considered. Overall, Pitampura is a prime area in North West Delhi, providing a balanced and comfortable lifestyle.