Pitampura: New nest for residents
Pitampura is a locality situated in northern part of Delhi between Outer and Inner Ring Roads, NH 1 and Rohtak Road. It is residential locality and has good number of retail and commercial centers.
Mostly, this area comprises of residential colonies and plotted houses developed by Cooperative Housing Societies and the Delhi Development Authority (DDA).
Also, the plus point is Primatapura is the hub of several government officials from the central administrative services.
The area’s social infrastructure is well defined and developed. As there are many reputed schools and colleges such as Apeejay School, Delhi Bal Bharati Public School, Guru Nanak Public School, Maxfort School are located in close vicinity.
Hospitals such as Max Hospital, Hemraj Hospital, Kuber Hospital are at a driving distance. Civic amenities inclusive of water, sewage, drainage, electricity are also well developed.
This area has a good connectivity with major areas such as Netaji Subhash Place, Kohat Enclave and other parts of the city. Autos, cabs and buses regularly ply in this locality.
Price of apartments in Pritampura varies between Rs 65 lakh to over Rs 3 crore. The rental value trend begins at Rs 6,000 and goes up to Rs 37,000.
The main factors that attract investors to this area are the area is centralised with commercial centers such as Fun Republic, PVR, Gold Souk, Pacific Mall and M2K Cinemas, in Delhi
Some real estate brokers in the area said that the capital and rental values of Pitampura are not doing well at present, but they are expecting the business to pick up soon looking at the present scenario.
Click here for related forum discussion
Related Real Estate News:
DDA to reassess its Samasya Nidaan Sewa
Delhi’s unsafe illegal buildings
commercial estate, DDA, Delhi Development Authority, Delhi Metro, Indian real estate, Metro, pritampura real estate, Real estate in India, Realty News, Residential real estate
