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Sarita Vihar and Jasola Reaching New Highs

2 Comments   |   March 28, 2007    12:27pm   |Contributed by Indian Realty News

There are several locations in Lutyen’s Delhi which have emerged as the favorite destinations of property developers and people interested in making investments in properties. Two of such places that have certainly witnessed a paradigm shift in development of middle and upper middle class residential colonies.

These colonies enjoy the strategic location of being situated on the main Mathura Road (NH-2) and have great connectivity to central and south Delhi on one side (Ashram Chowk is 5-6 km away), and Faridabad on the other. The residents here can have the convenience to travel to a number of industrial and business destinations. Okhla Industrial Area, Phase I and II, are just located opposite to these colonies on the other side of NH-2. Mohan Cooperative Industrial Estate is also in the proximity.

Another major business centre in Delhi, Nehru Place is barely 6-7 km away from these residential colonies. As for the working executives in Faridabad, Sarita Vihar and Jasola are considered to be the ideal places. Badarpur border is 2 km away. With the construction of Badarpur border, the travel time to Faridabad will be reduced.

Residential Real Estate Boom in Sarita Vihar and Jasola

DDA flats dominate in the residential colonies of Sarita Vihar. Jasola too has DDA flats, whose prices are although lower than the DDA Flats in Sarita Vihar. Also, there are plots and Kothis in Jasola. Few years back, the rate of land in Jasola was near about Rs 46,000 per sq m which has shot to Rs 1-1.25 lakh per sq m in pockets 1 and 2. Jasola is also going to witness the builder floors soon.

Some real estate agents see the prices going on an average rate in Sarita Vihar and Jasola, which is due to the strategic location of these places. There is a spurt in commercial projects in Jasola which have also had a positive impact on residential prices.

Readers can get a fair idea about property rates in Sarita Vihar from the chart given below:

Sarita Vihar Property Rates
Capital Value*
1 – bedroom Janata
3.5 – 8
1,200 – 1,800
2 – bedroom LIG
12 – 22
3,500 – 5,500
2 – bedroom MIG, 900 sq ft
41 – 50
2 – bedroom MIG, 1,200 sq ft
46 – 64
3 – bedroom HIG
60 – 90
12,000 – 12,000

Sarita Vihar and Jasola are two of the places sought out for rental housing. The rental rates here vary according to the size, floor, and location of the apartment. An LIG Flat is easily available on the rent for Rs. 3,500 – 5,500, whereas the rent for an HIG Flat is no less than Rs. 12,000 per month.

Facilities Available in Jasola and Sarita Vihar

Jasola features a large sports complex. Catering to the demanding educational requirements of its residents and their next generation, Jasola has some of the prominent institutions.

Talking about Sarita Vihar, it has a number of schools which includes the names of Dreamland and Kindergarten in Pocket L, DAV School in Pocket E, Santgiri in Pocket A, Glory Public School in pocket B, and Central School in Pocket C.

Indraprastha Apollo, Escorts, and Holi Family are some of the famous hospitals located within the radius of 5 km of Sarita Vihar.

Emerging Commercial Hubs

Jasola is going to emerge as the next commercial hub of New Delhi in the wake of the scheduled real estate projects. Nearly 20 lakh sq ft of commercial space is being developed here. Property developers such as DLF, Omaxe, Realtech, Salcon, TDI, Uppals, and Aditya Buildwell are planning to establish substantial presence in Sarita Vihar and Jasola.

Submitted By: Rakesh

News Published Under:   Members Contribution, Real Estate India | 2 Comments »

2 Responses to “Sarita Vihar and Jasola Reaching New Highs”

M K Mishra Says:  |  July 22nd, 2007 at 10:42 am  

I want to purchase an LIG flat at Sarita Vihar through housing finance/loan. Pls advise me

love Says:  |  July 23rd, 2007 at 11:50 pm  

Selling flat in sector 56 HUDA gurgaon and buying in sarita vaihar..??

Please advise will it b a viable and profitable proposition for long run to switch from gurgaon to delhi by this tade off.
what are the prospectst of reaching metro to sector 56..gurgaon an appreciation due to sohna road etc..
I am overseas at thios time an ddont know to many ifs buts
please advise.