Moving to a new town or city is often challenging for most people, requiring considerable research coupled with a lot of moving around. Many important considerations are in mind when one is on a hunt for a house – usage of the house, cost of the house, cost of running the house, neighbouring amenities, home loan interest rates, among others. Each year, people move within and across cities in search of new living space to match their financial, social and professional needs. One of the top destinations for this change is ‘Delhi’.
New Delhi, the capital city of India, is defined by skyrocketing prices and a perpetual state of space crunch in the real estate area. Despite the exuberant cost of living in the city, thousands of professionals, couples, and students move to Delhi, looking for a home. Improved infrastructure, mobility, and lifestyle has added to the lure of this city. There are many housing areas in different parts of the city offering varied options for buyers with different needs, be it buying or renting. Let us look at some of the best housing areas within Delhi in a budget of 90 lakhs:
South Delhi is coveted residential area of Delhi, given its road and metro connectivity, renowned hospitals and schools, retail outlets, malls and eating joints. Areas like Malviya Nagar, Saket, Vasant Kunj, Amar Colony, Chattarpur Enclave, Kalkaji, Sarita Vihar, Okhla, Khanpur, Sultanpur, Sangam Vihar, and Sheikh Sarai are some of the most popular areas with property prices starting from 3,500 to 1,20,00 per sq. feet rates. This is one of the more expensive parts of Delhi in terms of real estate, however, depending upon your requirements, you can find affordable options also.
Additional Read: Top Properties in Delhi with Minimum Maintenance Charges
North Delhi is famous as the most popular ‘student hub’ in the city due to students studying in Delhi University, and various coaching institutions for government exams. Ashok Vihar, Pitam Pura, Shalimar Bagh, and Mukherjee Nagar are the popular areas between 4,000 and 15,000 per sq. feet rates for apartments and flats for all budgets. Affordable rentals are an alternative that most residents prefer here.
East Delhi offers affordable housing options for professionals working in other parts of Delhi, and Noida. Metro services have led to an appreciation of property prices in this area, with no dearth of civic amenities like schools, markets, banks, etc. Popular housing areas include Mayur Vihar, Dilshad Garden, IP Extension, Patparganj, Laxmi Nagar, Shahadra, and Vasundhara Enclave are some popular residential hubs in East Delhi with property rates ranging between 5,000 and 15,000 per sq. feet.
West Delhi has pockets of posh commercial centers along with developing micro-market with villas and apartments. Popular housing localities are found in Janakpuri, Uttam Nagar, Punjabi Bagh, Nawada, Mahavir Enclave, Tilak Nagar, and Vikas Puri which offer a mix of expensive and affordable options to buyers.
Additional Read: Buying a House? Make Sure to Follow this Home Buying Guide!
Finding the best housing space for yourself relies on a multitude of factors starting from the area, location, neighbourhoods, size, construction type, amenities, home loan, etc. Even the lane on which the house is constructed or the nearest best hospital to a house impacts its pricing. Delhi offers housing options to customers with varied needs, which each locality offering its set of benefits; the areas mentioned above are only a few of those options.
Tata Capital offers flexible home loan eligibility criteria, attractive interest rates, easy documentation and fast disbursal of the housing finance for its home loans. With interest rates as low as 9.25% (change only the percentage to 6.90%), Tata Capital guarantees you a hassle-free journey towards your dream home!