Overview of Vikaspuri, New Delhi

Location and Popularity

Vikaspuri is a famous and popular zone in West Delhi, India. Located within the larger Vikaspuri area, the locality involves numerous blocks and smaller neighborhoods. This area is known for its appealing residential setups and convenience.

Property Types

Vikaspuri features a broad variety of property types, such as:

• Apartments: Available in 1, 2, and 3 BHK configurations.
• Builder Floors: These are standalone floors in multi-story buildings.
• Land: Plots that allow self-construction opportunities.

Price Trends

Apartment Prices

• The average cost per square foot for apartments ranges from Rs. 10,850 to Rs. 12,636.
• Depending on location and amenities, prices fluctuate between Rs. 8,850 to Rs. 12,530 per square foot.

Builder Floor Prices

• These prices are typically from Rs. 11,100 to Rs. 17,250 per square foot.

Land Prices

• The cost per square foot ranges from Rs. 25,550 to Rs. 36,800.

Price Appreciation

• Apartments have seen a rise of 6.9% in the past year, 21.2% over 3 years, and 23.3% in the last 5 years.
• Builder floors are up by 9.9% in the past year, 35.0% over 3 years, and 23.6% in 5 years.

Rental Properties

Renters in Vikaspuri will find:

• Furnished and Semi-Furnished Properties: Available in different setups.
• Affordable and Luxury Options: A wide spectrum from affordable to upscale apartment options in upscale neighborhoods.

Specific Areas Within Vikaspuri

Different zones within Vikaspuri experience varied pricing trends:

• Block AG 1: Has an average of Rs. 7,433 per square foot with a yearly decrease of 15.33%.
• Block JG 3, Block KG 2, Block M: Prices here move from Rs. 5,386 to ₹16,000 per square foot.
• Shankar Garden and AK Market: These areas have higher prices, the costiest property at Rs. 33,333 per square foot.

Amenities and Infrastructure

Vikaspuri easily connects to other parts of Delhi and includes several amenities like:

• Transportation: Simple access to metro lines and public transit.
• Educational Institutions: Close-by schools and colleges.
• Healthcare: Proximity to hospitals and clinics.
• Shopping and Entertainment: Nearby markets, malls, and fun spots.

PropertyWala's Conclusion

Vikaspuri is a top choice for property purchases and rentals in New Delhi. With a wide array of property types, appreciating values, and solid infrastructure, it offers a great investment choice. It's important to note the particular block or neighborhood in Vikaspuri, though, as prices can differ hugely. To make an educated choice, anyone thinking about buying or renting should grasp the current market trends and price levels.