Overview of Shahdara, New Delhi

Location and Amenities

Shahdara is a sought-after locality in East Delhi. It's famous for its convenient position and numerous amenities. Nearby, there are colleges, schools, hospitals, shopping areas, eateries, and easily accessible public transport. It's an appealing spot for both residents and investors.

Property Types and Rates

• Apartment Prices: For apartments in Shahdara, prices start at Rs. 4,450 and can go up to Rs. 8,950 per square foot. On average, you'll find them around Rs. 6,200 per square foot.
• Builder Floor Prices: Builder floors range from Rs. 4,200 to Rs. 8,450 per square foot.
• Land Rates: In Shahdara, land per square foot is valued anywhere between Rs. 13,350 and Rs. 26,900.
• Overall Property Rates: Properties here start at Rs. 1,543, but you'll likely pay about Rs. 9,818. Higher-end options hit up to Rs. 46,666 per square foot.

Price Trends

• Year-over-Year (YoY) Growth: Over the last year, property rates here have grown by 9.58%.
• Recent Shifts: Recently, apartment prices went up by 3% in the last quarter of 2024. Meanwhile, builder floors dipped by 10.5% in the same timeframe.

Sub-Locality Variations

• Bhajanpura: This part of Shahdara has an average property price of Rs. 4,877 per square foot. It ranges from Rs. 4,000 to Rs. 5,448 per square foot but has slumped by 23.9% over the past year.
• Other Sub-Locality Rates:
  • New Seelampur: Rs. 9,425 per square foot (range: Rs. 4,761 - Rs. 13,888).
  • Jwala Nagar: Rs. 11,250 per square foot.
  • Hardevpuri: Rs. 5,592 per square foot.
  • Jyoti Nagar: Rs. 7,777 per square foot.
  • Silampur: Rs. 31,468 per square foot (range: Rs. 22,727 - Rs. 44,444).

Rental Market

It's simple to find places to rent here—either standalone floors or single rooms. An example: a semi-furnished 1 BHK floor in a prime location rents for about Rs. 8,000 every month.

PropertyWala's Opinion

To conclude, Shahdara in New Delhi is home to a varied and evolving real estate market, presenting plenty of property types and affordability ranges. With its proximity to key amenities and public transit, it's appealing for those looking to buy or rent. Even though property rates have surged recently, it's wise to delve into these recent trends before deciding to buy or rent property here.