| South Delhi epitomizes class and traditional chaos in | | | | the rent for a new 1400-sq ft apartment is Rs |
| equal measure | | | | 90,000 a month and Rs 55,000 to Rs 60,000 a |
| It has some of the ultimate addresses to vie for in | | | | month for an old construction. |
| India as well as historic monuments and urban villages. | | | | Where Panchsheel Park and Anand Lok are |
| Razia Sultan led her kingdom from ruled her kingdom | | | | concerned, rental values of independent houses |
| from Mehrauli in the 13th century. | | | | (three-five bedrooms) are for about Rs 2.35 lakh to |
| Today, many a high and mighty rule the roost here. | | | | Rs 2.5 lakh. |
| South Delhi epitomizes class and traditional chaos in | | | | Apartments of about 2300 sq ft to 3000 sq ft go |
| equal measure. If you are looking for a place to rent | | | | for about 1.75 lakh to Rs 2.25 lakh. |
| someplace here, there are many enviable options to | | | | As per multinational property corporation CB Richard |
| pick from. Not only are many preferable | | | | Ellis (CBRE), the rental values for three/five bedroom |
| neighbourhoods relatively close to Delhi's central | | | | independent houses range from Rs 2.25 lakh to Rs |
| business district -Connaught Place and the | | | | 2.5 lakh a month in Niti Bagh and SDA. The monthly |
| international airport, they are also connected to | | | | rentals for 2300 3000 sq ft apartments vary from Rs |
| industrial suburbs such as Noida and Gurgaon. What | | | | 1.25 lakh to Rs 1.75 lakh in Niti Bagh and SDA. CBRE |
| might excite some is the Delhi Metro that will soon | | | | data shows the capital values of apartments ranging |
| dash through localities like Jor Bagh, INA, Green Park, | | | | from Rs 20,000 to Rs 25,000 per sq yd in Friends |
| Hauz Khas, Malviya Nagar, Saket, Qutab Minar and | | | | Colony and Maharani Bagh. (CBRE figures are asking |
| Chhattarpur before leaping into Haryana (for which | | | | rates, not necessarily those at which transactions |
| the trial run was conducted last month). | | | | take place.) The attractions So, what makes south |
| The supply According to market insiders, there are | | | | Delhi click? It has a whole host of eateries, cine |
| residential options in localities like Defence Colony, | | | | plexus and shopping centers... You can chill out at |
| Vasant Vihar, New Friends Colony, and Greater | | | | places such as Ansal Plaza, Select City Walk, MGF |
| Kailash I and II. | | | | Metropolitan Mall, DLF Emporio, to name a few. In |
| Real estate dealers say, among category A | | | | addition, major markets include South Extension, INA |
| neighbourhoods, you can also find rental | | | | market, Greater Kailash I, and Sarojini Nagar. |
| accommodation in Shanti Niketan and West end. | | | | Then there is that slice of India, the greatest of |
| Abhishek Raj Mudgal, proprietor, Shree Jee | | | | crowd pullers, Dilli Haat, near INA. |
| Associates, Safdarjung Enclave, says there is supply | | | | The trendy Khan Market and Sunder Nagar market |
| (for rented housing) across the area, including | | | | are not too far either. |
| colonies such as Safdarjung Enclave, Green Park, Golf | | | | When it comes to medical facilities, the area is |
| Links, Malcha Marg, Sunder Nagar and Safdarjung | | | | serviced by some of the country's best |
| Development Area (SDA). A three-bedroom | | | | super-speciality hospitals. |
| apartment can be rented for Rs 35,000 a month in | | | | South Delhiites have access to healthcare centres |
| SDA or Green Park, says Mudgil. | | | | such as the private Max hospitals (multiple locations), |
| "If you have budget constraints, you may check out | | | | Escorts Heart Institute and Research Centre (Okhla |
| Anand Niketan," says Sanjay Sharma, proprietor, SM | | | | Road), Rockland (Qutab Institutional Area), |
| Realtors, Defence Colony. | | | | Indraprastha Apollo (Sarita Vihar), Batra (Tughlakabad |
| Another upscale option is Defence Colony, specifically | | | | Institutional Area), GM Modi (Saket), Sitaram Bhartia |
| A and D blocks, says Sharma. | | | | Institute of Science and Research (Qutab Institutional |
| "It is very central and one can, from here, get very | | | | Area) and the well-known, government-run All India |
| quickly to Connaught Place, Supreme Court, High | | | | Institute of Medical Sciences. |
| Court, railway station and to the airport." | | | | The competition However, posh south Delhi has |
| Those interested in having this premium zone as their | | | | serious competition from Trans-Yamuna, which has a |
| address can rent a brand new, three-bedroom | | | | slew of property options, expanding infrastructure |
| apartment for Rs 1.75 lakh to Rs 2 lakh a month | | | | and facilities, as well as the satellite town of Noida, |
| while an old one goes for Rs 75,000 to Rs 90,000 a | | | | now linked to the heart of the capital through the |
| month, says Sharma. In Defence Colony's A block, | | | | Metro. |