Overview of Shankar Road, New Delhi

Position and Neighboring Regions

Shankar Road sits right in the center of New Delhi, close to popular areas such as Karol Bagh, Old Rajinder Nagar, and New Rajinder Nagar. Its central location makes it a popular choice for both buyers and renters.

Property Types and Availability

For Sale

• Single-Family Homes: Thirteen standalone homes come up for sale, consisting of both 2 BHK and 3 BHK units. Around 7% are 2 BHK homes, while 23% are 3 BHK homes.
• Price Range: Shankar Road properties range from ₹62.5 Lac to ₹13.97 Cr, with a specific price range of Rs. 1 Cr to 5.50 Cr for the 3 BHK properties.

For Rent

• Residential Housing: Options include 1 BHK, 2 BHK, and 3 BHK flats as well as builder floors, available in both furnished and semi-furnished states.
• Rent Prices: For instance, a 2 BHK flat may rent for roughly ₹40,000 monthly for a 601 Sq.Ft. built area.

Services and Facilities

• Prime Position: Its close proximity to major business and housing zones makes daily travel and access to amenities convenient.
• Local Services: Being near Karol Bagh and Rajinder Nagar, residents enjoy easy access to shopping malls, hospitals, schools, and other facilities.

Market Trends

• Demand-Supply Balance: There are plenty of properties available for both sale and rent, suggesting a well-balanced market. This suggests that buyers and renters have a variety of options within reach.
• Stability in Pricing: The diversity in prices ensures options available for different budgets, from budget-friendly to high-end.

PropertyWala's Summary

In New Delhi, Shankar Road gives a good chance for real estate investors and those seeking to rent. Its central setting, wide range of property types, and varied price points make it fit for different needs and budgets. If you're after a budget rental or fancy purchase, Shankar Road provides the appeal of city life with easy access to key services, making it an appealing pick in the Delhi property market.