South Delhi is arguably the most developed and preferred destination of all for Delhi residents and businesses alike. It is not only one of the very first areas that was developed soon after independence by the state of Delhi but also historically, even during the medieval times when Mughals ruled India, 4 out of the 11 cites, namely, Siri, Pithora, Mehrauli, Tughlaqabad, thrived in the area which is today known as South Delhi. Demographically, its periphery touches the Yamuna River to its east, satellite town Gurgaon to the south, Dwarka in the west and parts of district of New Delhi to its north. Some of the most affluent neighborhoods of South Delhi such as Vasant Vihar, Hauz Khas, Green Park, South Ext, Lajpat Nagar were developed by DDA as early as 1960’s. Most of the areas were primarily developed as residential hubs with small local shopping complexes (LSC) to meet day today needs of residents and working class however soon the small LSC’s in markets like South Ex and GK become the most happening retail destination points of Delhi. Areas like South Ext, Khan Market, GK are even to this date among top 10 retail destination in India and top 5 in Delhi. DDA also developed four of the most busy commercial districts in South Delhi around the same time in early 70’s namely, Bhikaji Cama Place, Nehru Place, Okhla and Green Park, another two Jasola and Saket came about in early 2000. Another significant area for commercial activities in south Delhi is in its densely populated urban villages like Munirka, Katwaria Sarai, Ber Sarai, Yusuf Sarai, Adhchini, Kalu Sarai, Begampur, hauz khas village, Hauz Rani, Mohammadpur,, Govindpuri, Khirki, Chhattarpur Gaon, Badarpur, Mandi, Aaya Nagar, shahpujat, Sai dul ajab etc. Most of these urban villages have extended Lal Dora areas and each one of these have over time morphed into a unique destination point for certain kind of commercial activity, for example, many boutique fashion stores can be found at Shahpur Jat village, similarly, Hauz Khas village has developed into a paradise for entrepreneurs into food and art. South Delhi also has notable institutional areas such as Qutub Institutional area, Vasant Kunj, Lodhi Estates, Siri Institutional area to cater to medical, educational, research and development activities.
The prices for commercial property in South Delhi can differ significantly with every few kilometer simply because of the huge inventory and its vast expanse. For purchasing a commercial property one can expect as low as 10000/sq ft to as high as 750000/sq ft in case of some premium high street retail areas. The difference in prices can be linked to various factors including location, neighborhood, quality and age of the construction, proximity to main roads, parks, markets, malls and connectivity via metro, road network etc. Rentals for commercial property in south Delhi hover anywhere between 30/sq ft to as high as 1200/sq ft.
Locale and neighborhoods: Neighborhoods in South Delhi are fairly secure except for handful of petty thefts, almost all areas here are gated and most have security guard posted all day and night. With over 20% green cover throughout, most of the roads are distinctively wide and flanked by thick foliage of trees like Alastonia, Peepal, Banyan etc. It has several spacious green namely, green parks, wildlife sanctuary, biodiversity parks and green belts. Deer Park near Hauz Khas village and Asola Wild life sanctuary towards Faridabad and Gurgaon in South. The area also has some of the best road infrastructure for easy transport in entire Delhi, some of the most traveled and busy streets are Africa Avenue, Khel Gaon road, Bhishm Pitamah Road, Aurobindo Marg, Press enclave road, Purvi Marg, Nelson mendela road. South district is also considered to be the most affluent of all residential areas in entire Delhi for its proximity to Lutyens banglow zone and the diplomatic area of Channkyapuri, Most expats also like to stay in south Delhi for its overall good infrastructure and green cover. Most premium residential real estate of course falls in the LBZ area, however other neighbor hoods like Vasant Vihar, Greater Kailash, Alakhnanda, Hauz Khas, Defense colony, Gulmohar, Sufderjung enclave, New friends colony and Panchsheel residential areas also command extremely high value to this date.
Schools and Colleges : Some of Delhi best schools like DON bosco, Amity International School, Bluebells, Birla Vidya Mandir, Gyan Bharti, Laxman Public School, Apeejay, Tagore Internationl and colleges like Venketeshwara, ARSD, Jesus and Mary, Maitery, Moti Lal, Aurobindo, Deshbandhu and Gargi are also scattered at different locations in South Delhi.
Hospitals: Sufderjung Hosptital, AIIMS, Apollo, Moolchand, Fortis, Max, Artemis, Medanta, Holy Angle
Popular Shopping Centers: South Ex Market, Khan Market, GK 1 market, Sarojini Nagar Market, Lajpat Nagar market, Green Park market, Vasant Kunj Malls, Saket district center malls.
Popular Restaurants and bars: Bukhara at Dhaulakuan, Park Balluchi in green park, Striker at Ambience Mall, Vasant Kunj, Amour Bistro at Malcha market, Big Chill at Khan Market, Djinns at Hyatt Regency, Pebble Street at NFC, Oh! Calcutta at Nehru Place.
Iconic commercial Office Space buildings in south Delhi: NBCC tower on Bhishm Pitamah Road, Erose Corporate Park in Nehru Place, IFCI tower in Nehru Place, Bhikaji Cama Bhawan, EIL tower at Bhikaji, Capital Court at Munirka, India Habitat Center on Lodhi road, Bharti Cresecent at Vasant Kunj, Ambiance commercial tower in Vasant Kunj.
Some of the most popular locations for commercial space in South Delhi:
In case your company is looking to lease/rent commercial space in South Delhi or just doing some looking around to see if you can save some money by moving out to a cheaper and better location, feel free to write to us at admin AT delhirealestateblog.com or just send us a message via whats your requirement!