Dwarka and Uttam Nagar, two of West Delhi’s most desirable neighborhoods, have seen a surge in popularity because of the Blue Line Metro’s convenient service. The residential possibilities in the submarkets are many, and they also include streamlined infrastructure. However, the city differences may be seen in the property prices. A 1,000-square-foot three-bedroom house in Dwarka can set you back between Rs 1.25 crore and Rs 1.5 crore, whereas a similar flats in Uttam Nagar might just set you back Rs 60 lakh.
Various Housing Options for flats in Uttam nagar & Dwarka
In either market, prospective homeowners can choose from a wide variety of available homes. Dwarka is known for its well-kept housing societies by reputable builders, while builder floors and small gated communities dominate Uttam Nagar. Indira Park, Milap Nagar, Jeewan Park, Kiran Garden, Rajapuri Colony, and Mohan Garden are just a few distinctive neighbourhoods in Uttam Nagar. There are a variety of businesses and commercial Home for Sale Delhi, as well as easy access to the metro at the Uttam Nagar West and Navada stations. Although Uttam Nagar has been in the headlines frequently for its civic difficulties, the micro-markets above provide constant access to utilities.
Costs of Real Estate in these Two Neighbourhood of Delhi
Capital “asks” in various sectors of Dwarka fluctuate between Rs 7,400 per sq ft and Rs 9,590 per sq ft, whereas average property prices in Uttam Nagar hover around Rs 4,500 per sq ft. For those looking to buy flats near Bhagwati garden in Dwarka, Sectors 18 and 19 have been the most popular areas thus far. These areas provide inhabitants with the essentials for daily life and offer cheap housing options, all while surrounded by beautiful scenery and expansive greenery. It’s possible to pay between Rs 1.05 crore and Rs 1.20 crore for a 2 BHK in these areas. Sectors 8 and 9 are the best bets for buying a builder’s floor in Dwarka. The range for the cost of a two-bedroom, two-bathroom (BHK) builder floor in Sector 8 or 9 is between Rs 55 lakh to Rs 70 lakh.
In terms of transportation, both communities include first-rate infrastructure and easy access to the nearby micro markets of Ghaziabad and Noida through the Blue Line Metro line. As a bonus, the Airport Metro Express is easily accessible from Dwarka Sector 21, allowing a quick and easy commute to the Indira Gandhi International (IGI) Airport and the New Delhi Railway Station. Uttam Nagar and Dwarka Sector 1 are located 11 kilometres from the National Highway (NH) 8, which connects some of India’s most populous cities, including Gurgaon, Surat, Vadodara, and Kheda.
The well-known shopping districts of Connaught Place, Hauz Khas, Janakpuri, and Gurgaon are conveniently located near Dwarka and Uttam Nagar. The other districts are famous for their enormous retail markets. Still, Gurgaon is better recognized for the presence of major Information Technology/Information Technology Enabled Services (IT/ITeS) corporations like Sapient, Ericsson, Siemen, Microsoft, Huawei, and Niksun. For instance, Connaught Place is a famous shopping district filled with cafes, restaurants, and boutiques.
Potential for profit
Uttam Nagar’s property value rise has averaged only 5-8% over the past five years, but that of neighbouring Dwarka has averaged 10-15%. On the other hand, Dwarka may be preferable for end-use, especially when purchasing a house in the upscale Sectors 11, 12, and 13 or when investing in stocks, shares, or other similar assets. Pawan Real Estate’s Property Consultant, Sumit Garg. The fundamental reason for this is the difference in rental profits between the two areas.
The Delhi NCR Real Estate Report Oct-Dec 2020 states that the going rate for a 2-bedroom, 2-bathroom apartment in om vihar Uttam Nagar with a carpeted space of between 800 and 1,000 square feet is anywhere between Rs 10,400 and Rs 13,000. Contrarily, 2 BHK apartments in Dwarka rent for between Rs 25,000 and Rs 30,000 per month. As a whole, Dwarka has a higher investment cost but slower-growing rental rates. The discrepancy is mainly attributable to Uttam Nagar’s appeal among young working professionals and the student community, who like to stay near all the facilities at lower rentals.
In real estate, a neighbourhood’s potential and appeal are proportional to its primary income range. Uttam Nagar is aimed at those with lower and middle-class incomes, whereas Dwarka caters to those with higher incomes. Therefore, when deciding between the two areas for ultimate usage, cost and personal preference are the two most important factors.