Many people of India are still wondering to have a residential and commercial property. They are curious to spend in metropolitan cities in order to get the best returns in the near future. For such people, property in South Delhiis a wonderful opportunity. South Delhi is spanning in an area of 250 km2, with a population density of around 9000 per km2. The South Delhi is situated in the heart of the capital that covers 3 major subdivisions—HauzKhas, Kalkaji and Defence Colony. Out of 4 historical colonies in Delhi, 4 come under South Delhi area including Mehrauli, RaiPithora, Siri, HauzKhas and Tughlaqabad. South Delhi has total 103 places. It is second district in Delhi after North Delhi that has numerous colonies.
From investment point of view, Delhi property is always in great demand and South Delhi areas like Kalkaji, HauzKhas and Mehrauli are expensive but a hot investment. In these areas, you can get resale property in Delhi. The price of property is based on its location and the type of property. In HauzKhas, if you are going to purchase 3BHK flat, it could cost you INR 3 crore to INR 4 crore or more. The freehold property price is higher than apartments. Commercial property is also available in South Delhi. Investors who want to start its own business in Delhi can target South Delhi commercial property.
Malviya Nagar, Ambedkar Nagar, Okhla Phase1, Greater Kailash, Mool Chand, Nehru Place, East of Kailash, Lajpat Nagar and Defense Colony are some areas where you can locate a hot property Delhi. You can purchase 3BHK to 5BHK flats in these areas that can cost you more than INR 1 crore.