• Laxmi Nagar

Location & Overview

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Laxmi Nagar – Lying in the E zone of Delhi masterplan is the entry point to East Delhi while taking and approach from ITO. Laxmi Nagar is situated on the Main Vikas Marg giving it excellent connectivity through both busses and the metro network. Because of the easy access and connectivity vis a via the reasonable real estate prices this area has been a favorite for businesses and residents who want to be close to central Delhi without paying dearly for it.
The area is very popular amongst out-stationed students because of the availability of reasonably priced accommodations and the presence of a lot of coaching institutes in the vicinity. The area is a favorite with CA, law and language institutes, most of who have taken up spaces on rent in the buildings built on the Lal dora settlement on either side of Vikas Marg, not to mention it is basically because of the availability of cheap real estate. Other than the lal dora area there is fully commercial real estate office and retail space in Disrict Centre Laxmi Nagar which is home to a lot of good domestic firms who have taken offices in DDA Building, Scope Minar, Aditya Complex, Root Tower , Pragati Deep, Laxmi Deep Building Etc. One of the most famous retail dentations of East delhi- V3S Mall , which has almost all the small and big format retail stores along with all the FnB brands present in it is also situated in the District Centre .The Mall being the most favorite hangout destination for the residents of east Delhi has been able to pull excellent foot falls, the good news is that this is not only the window shopping college going couples who come here but it is also the real shopper who comes here and it shows in the sales figures of the stores, making it one of the most sought after malls by all the brands looking to expand in Delhi helping the rentals in the mall go northwards.

Key Distances and Commute time
  1. Airport : IGI 35 KM (80 min by road)
  2. Railway Station: NDRS 10 KM (20 min by road and 15 minute by metro)
  3. Nearest Hospital: AIIMS 2 KM ( 2 minutes by road)
  4. Power Centers N/S block:14 km (25 min by road and 20 min by metro
  5. CBD Connaught Place: 10 KM (20 minutes by road and 20 min by metro line)
  6. Karkarduma SBD: 4 km (Approx 10 minute by road and 5 minute by metro)
  7. Rajendra Place SBD: 15 km (35 min by road and 20 minute by metro)
Major Commercial Space Occupying Industries
Avg Commercial Rentals & Purchase Value
    Majority property status: Leasehold
    Purchase Office: 10000/ sq ft - 28000/sq ft
    Lease/Rent Office: Rs 50/sq ft - 160/sq ft
    Purchase Retail: 20000/ sq ft - 80000/sq ft
    Lease/Rent Retail: Rs 100/sq ft - 350/sq ft
    Typical space efficiency: 80% - 65%
    Major Commercial buildings: Scope Minar, Roots tower, Pragati deep, Aditya complex, V3S Mall.

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