Why Property Prices in East Delhi are high?

The vicinity of East Delhi is surprisingly grabbing the attention of property buyers and investors, most probably because its boundaries are adjacent to Noida and Ghaziabad. The prime colonies located within East Delhi are Anand Vihar, Lakshmi Nagar, Dilshad Colony, Mayur Vihar, Patparganj, Vivek Vihar, Indirapuram and so on. Most of these regions are adjoining the borders of Uttar Pradesh, giving access of 2 states to the residents.

There was a time when East Delhi was tagged as one of the most underdeveloped corners of the national capital. Reason was – people belonging to lower-income group were mainly residing in these colonies. But today, the picture of East Delhi has drastically changed and now it has transformed into an urbanized locale. All the credit for this goes straight to the consistent efforts of our state government that the properties of East Delhi are now becoming an apple of investors’ eyes.

Earlier, not only buyers, but also agents and brokers were not dealing in the properties of East Delhi. If you ask any veteran property dealer, you will get to know that investors weren’t even concerned regarding the property rates of Eastern Delhi. But today, nobody is leaving an opportunity to buy a plot or apartment within the boundaries of Lakshmi Nagar, Mayur Vihar or Anand Vihar. East Delhi is no more a ghetto with clumsy visage. With all the contemporary facilities like developed markets, commercial spaces, shopping malls, modernized residential areas and strategically build interconnectivity with other parts of the city has turned eastern Delhi into an urbane locality.

Numerous multiplexes, gigantic malls, entertainment zones, amusement parks, popular township projects and even the metro connectivity has given Eastern Delhi its share of prestige. Also, other major attractions of East Delhi such as Akshardham Mandir, Sanjay Lake, Uttara Guruvayur Temple, Gandhi Nagar and Laxmi Nagar Markets are constantly calling crowd from all across the country. Today, there is so much to explore in the eastern parts of our national capital that you won’t miss the other high-class areas of Delhi NCR.

Why Professionals are shifting to East Delhi?

Irrespective of the fact that Delhi is brimming with numerous lush residential colonies, educated and veteran professionals are shifting to the well-developed colonies of East Delhi. Reason is – Noida is known for its industrial and working sectors, where countless domestic and multi-national companies are located. That is why individuals associated with the corporate sector now prefer to reside in East Delhi leaving the renowned residential zones of South and North West Delhi.

This is one of the predominant reasons why the property prices in East Delhi has now touched the sky. Couple of years back, the investors weren’t ready to invest in the eastern market of Delhi in any way, and now, nothing fresh is left to purchase in the form of a property at the eastern blocks of our national capital.

Currently, buyers are facing property crises and this fact is giving shock to those who refused to purchase plots in East Delhi few years back.

 

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