Overview of South Extension 1, New Delhi

Location and Connectivity

• South Extension 1 lies in South Delhi, near the Ring Road, and right by Bheeshma Pitamah Marg and Barahpulla Marg.
• This prime spot ensures seamless connections to parts of Delhi through a well-built road network and metro lines, including South Extension, AIIMS, and INA metro stations.

Infrastructure and Amenities

• This area has a mix of homes and businesses, featuring grand bungalows, high-end apartments, and independent houses.
• Visitors can find top-notch boutiques, plenty of restaurants, malls, and shopping complexes, creating a lively, commercially active atmosphere.
• Schools, colleges, and hospitals nearby include DAV, Tagore International Schools, Kalindi College, AIIMS, Safdarjung Hospital, and Vardhman Mahavir Medical College.

Real Estate Market

• Due to its prime location and lack of land, property prices in South Extension 1 are hefty. For commercial spaces, the cost ranges from ₹19,061 to ₹20,000 per sq. ft.
• Residential properties, such as builder floors and apartments, have varying prices. A 1 BHK flat’s rent, for example, ranges between ₹9,400 to ₹34,000 monthly, depending on the location and amenities.

Types of Properties Available

• Residential Properties:
  • Standalone houses
  • Builder floors
  • High-end apartments
  • Fully and semi-furnished options
  • Modern studio apartments
• Commercial Properties:
  • Retail shops
  • Office spaces
  • Coworking hubs
  • Designer boutiques and malls

Rental Market

• Available rentals include:
  • Builder floors: ₹16,000 to ₹1.7 lac monthly
  • Apartments: ₹55,000 to ₹1.5 lac monthly
  • Co-working spaces: ₹2 lac to ₹4 lac monthly
  • Office spaces: ₹20,000 to ₹4 lac monthly
  • Shops: ₹75,000 monthly

Pros and Cons

Pros:

• A luxurious living environment with upscale areas
• Excellent connections through metro, bus, and road networks
• High-end shopping and dining available nearby
• Close to top educational and healthcare facilities
• Abundant water and electricity supply
• Well-kept roads and public transportation

Cons:

• Traffic jams often during peak hours
• Parking challenges due to heavy foot traffic and many shops
• Needs improvement in footpath and waste management
• Few green spaces and recreational areas

PropertyWala's Conclusion

South Extension 1 in New Delhi makes for a desirable place to buy or rent, with luxury, convenience, and great connectivity. Though it comes at a premium, the upscale feel, mixed amenities, and strategic location make it appealing. Still, residents should keep an eye on the downsides like traffic jams and parking hassles. In summary, it’s a top spot for high-end living and business in central Delhi.