With job districts like Noida, Greater Noida, and Ghaziabad nearby, East Delhi has earned huge popularity among home seekers. It is a renowned residential hotspot for investors, homebuyers, and even for people looking for rented accommodations. If you too wish to leverage the facilities that East Delhi offers and invest in a property to earn decent returns, Shahadra, Laxmi Nagar, Vasundhara Enclave, Dilshad Garden and Mayur Vihar are the few areas you may consider. These localities witnessed maximum annual rental yield in East Delhi as of Oct-Dec 2021 (Source: 99acres).
Shahadra
Shahadra, in East Delhi, has gained immense popularity among homebuyers and investors alike due to its affordability. Home values in the neighbourhood stand at Rs 8,300 per sq ft and witnessed nearly nine percent YoY appreciation as of Oct-Dec 2021. Majority of residential developments here comprise individual houses, builder floor apartments, Residents Welfare Association (RWA), and DDA flats, with 2 BHK units being the most sought-after. Shahadra Metro Station on the Red Line of the Delhi Metro grants easy access to the key commercial areas, such as Shastri Nagar, Sahibabad Industrial Area, ITO, Noida and Connaught Place. The locality earned an annual rental yield of 3.9 percent YoY.
However, in a survey conducted by 99acres, Pritpal Soni, a residing tenant, highlighted “improper garbage disposal”, and “numerous potholes in and around the area” as major concerns for residents.
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Laxmi Nagar
Laxmi Nagar is yet another affordable locale with rental values and buying rates hovering at Rs 18 per sq ft and Rs 6,000 per sq ft, respectively. The annual rental yield in the area stands at 3.6 percent. Densely packed with builder floors and independent houses, the micro-market is primarily known for coaching institutes for various professional courses. This makes it a preferred rental destination among migrant students. The area also offers excellent connectivity via road and a dedicated metro station on the Blue Line that links it to popular areas of Delhi, Noida and Ghaziabad. Additionally, the Laxmi Nagar commercial complex houses various public and private sector units, along with direct access to major job avenues in Indraprastha Estate, Connaught Place and Noida.
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Vasundhra Enclave
Vasundhra Enclave is a prominent locality in East Delhi, dominated by Co-operative Group Housing Societies (CGHS) that comprise many low to mid-rise apartment complexes. From the connectivity standpoint, Ghazipur Road, Udhyog Marg, DND Flyway, Noida Link Road, and the New Ashok Nagar Metro Station on the Blue Line (2.5 km) cater to the area. Largely, it is a self-sustained locality sharing proximity to key employment hubs in Noida, like Advant Navis Business Park, Unitech Infospace, Lotus Business Park, and Logix Cyber Park. A 2 BHK unit in Vasundhara Enclave can help you earn a rental income of Rs 16,000-21,000 per month. Further, the area maintained a rental yield of 2.7 percent in Oct-Dec 2021, with buy rates standing at around Rs 10,200 per sq ft.
Paramjeet Singh Kohli, Owner, Kohli Associates, remarks that, with the Delhi-Meerut RRTS and the widening of Dharamshila Road on the cards, the much talked about traffic congestion in the area would be resolved. This will have a positive bearing on the rental demand from working professionals.
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Social facilities near localities of East Delhi with maximum rental yield
Localities | Educational centres | Hospitals | Shopping centres | Commercial hub |
---|---|---|---|---|
Shahadra | University College of Medical Sciences | Krishna Hospital | Metro Cash and Carry | Sahibabad Industrial Area |
Nehru Adarsh Senior Secondary School | Kamal Nursing Home | Tagore Market | ITO | |
Konark Public School | Bishan Swarup Hospital | C 5 Market | Connaught Place | |
Laxmi Nagar | Ram Krishna Public School | Max Super Speciality | V3S East Centre Mall | Laxmi Nagar Commercial Complex |
Bharti Public School | Makkar Multispeciality | Metroplex East | Indraprastha Estate | |
Ahlcon International School | Kasturba Hospital | Mi Home | Noida | |
Vasundhra Enclave | Somerville School | Dharamshila Narayana Superspeciality | Plaza Market | Galaxy Business Park |
East Point School | Metro Hospital and Heart Institute. | Spice Mall | Logix Cyber Park | |
Ryan International School | IBS Hospital | The Great India Place | Tech Boulevard | |
Dilshad Garden | Greenfields Public School | Swami Dayanand Hospital | Pacific Mall | Shastri Nagar |
Hans Raj Public School | Mother And Child Hospital | Dilshad Garden Market | Kashmiri Gate | |
University College of Medical Sciences | Leprosy Mission Hospital | Chaudhary Jaswant Singh Market | Patparganj Industrial Area | |
Mayur Vihar-I | ASN Senior Secondary School | Max Super Speciality | DLF Mall | Spring Meadows Business Park |
Ahlcon International School | Dharamshila Narayana Superspeciality Hospital | The Great India Place | Galaxy Business Park | |
Amity International School | Jeevan Anmol Hospital | Pacific Mall | Tech Boulevard |
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Dilshad Garden
Dilshad Garden is a residential locality divided into blocks from A to R that are further sub-divided into several sub-blocks. Every block has its market and parks. The residential developments here are in the form of DDA flats priced at around Rs 8,900 per sq ft. Smooth connectivity to other parts of Delhi and Noida via Delhi Metro's Red Line, Wazirabad Road and Grand Trunk Road remains a crucial investment driver. This is because of easy access granted to commercial hubs in Shastri Nagar, Mohan Nagar, ITO, Connaught Place and other business centres in Noida. The annual rental yield in the area stand at 2.6 percent and monthly rentals average at Rs 8,000-15,000.
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Mayur Vihar-1
Located at the border of Delhi and Noida, Mayur Vihar-1 boasts a blend of builder floors and multi-storey apartments primarily encompassing DDA flats and CGHS. The locale has a strong connectivity network via Noida Link Road, Delhi-Meerut Expressway, DND Flyway and Blue Line and Pink Line of the Delhi Metro. The housing demand in the area remains afloat due to its proximity to employment hubs in Noida like HCL Technologies SEZ, Galaxy Business Park, Logix Cyber Park, and other key business centres of Connaught Place, Barakhamba Road and ITO. Home values in Mayur Vihar Phase-1 stand at Rs 12,400 per sq ft, and monthly rentals hover at Rs 21,000-25,000 for a 2 BHK unit. The annual rental yield of the area is around 2.4 percent.
Kamal Saxena, Proprietor, Venus Properties avers that the completion of Phase 3 of Barapullah corridor extension and a 5.5 km-long elevated corridor linking Mahamaya flyover and Mayur Vihar are expected to further boost the investment potential of the area by bolstering its connectivity.
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As realty investment is a significant decision, buyers must consider key parameters like rental yield and capital appreciation of an area. These parameters are directly proportional to the property’s investment potential and give a fair idea of returns an asset may generate from the mid-to-long term.
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