Overview of Shiv Nagar, New Delhi

Location and Amenities

Shiv Nagar can be found in the Janakpuri area of New Delhi, providing a convenient living spot close to essential amenities. It features schools like Maharishi Dayanand Public School and TINY TOTS PRE-SCHOOL and hospitals such as Gambhir Hospital and Tyagi Hospital, making it appealing to both buyers and renters.

Property Types and Pricing

Independent houses and floors are available in a variety of configurations including 2 BHK, 3 BHK, and 4 BHK. You’ll see big ranges depending on size and amenities, from ₹1.05 Cr to ₹16.0 Cr.

• 2 BHK: Cost around ₹1.05 Cr to ₹1.25 Cr, covering 900 to 925 square feet.
• 3 BHK: Costs range from ₹90 Lac to ₹2.5 Cr, typically over 900 square feet.
• 4 BHK: Features luxury options priced at ₹8.5 Cr, often with 4500 square feet.

The average price varies from ₹5,625 to ₹27,778 per square foot, thanks to the range in type and quality.

Budget Segments

Shiv Nagar covers all budgets:

• Below ₹1 Crore: Some options exist here, especially for smaller 3 BHK units.
• Below ₹2 Crore: Features many 2 BHK and 3 BHK units.

Market Trends

Shiv Nagar's real estate scene sees ups and downs, but it’s steady overall with some growth. Just look at Janakpuri; it gained 5% in the last quarter of 2023.

Rental Options

For renting, Shiv Nagar has:

• 1 BHK to 2 BHK Independent Floors: Lease costs range from ₹13,000 to ₹18,000 per month, over 900 to 1330 square feet. These are usually unfurnished and packed with modern amenities.

PropertyWala’s Final Thoughts

Shiv Nagar in New Delhi is a prime choice for investors and renters because of its strategic spot, varied property choices, and easy access to crucial amenities. It suits many different budgets, from affordable to top-end properties. Even though market trends show stability with some growth, take time to do deep research and factor in current market conditions. Because of its blend of convenience, necessary amenities, and housing variety, Shiv Nagar is an impressive place to move or invest in New Delhi.