Saket And Vasant Kunj Is South Delhis Major Real Estate Destinations

South Delhi has two major real estate destinations that were primarily residential in nature but took on a distinctly commercial flavor recently, thanks to a large land auction in early 2000 by DDA.

Vasant Kunj and Saket were both considered premium residential areas with a large number of residential options. However, with clusters of premium retail malls developing here, both Vasant Kunj and Saket have evolved as major retail destinations. The affluent residential populace in the region has led to a high-profile positioning for the malls and a healthy rate of footfalls. Both areas are also on the Delhi-Gurgaon Metro link and are expected to see an enhancement in the number of footfalls to its retail malls.

Vasant Kunj

Vasant Kunj has always been an indemand locality of South Delhi with values remaining high. It has always benefited from good infrastructure and ambience. Its proximity to the commercial hub of Gurgaon and the airport, as well as being at sniffing distance with one of South Delhi’s most affluent plotted areas -Vasant Vihar – has resulted in a sustained positive real estate outlook.

Vasant Kunj has rapidly grown as a commercial hub. With the DDA auctioning land in the area for mall development, it has also become a retail hub now. Malls like DLF’s Emporio and the Ambi Mall, under construction by Ambience Developers Pvt Ltd; Vasant Square Mall by Suncity and DLF’s Promenade or Palace, offers ample shopping options to customers. There is something for each type of buyer. Demand for office space here has also increased in the past few months. Values are either stable or have seen minor changes.

Being the upscale locality of South Delhi, property values have always been high. There has been an increase in the rate of transactions since August 2009 and values have increased by 15% since November 2009.

It is centrally located with good infrastructure and transport facilities. The commissioning of the Delhi Metro rail’s Gurgaon link will enhance its connectivity from end-January 2010. This is expected to further enhance footfalls in retail malls here. Since many malls are expected to be ready by this time, it may well compete with Gurgaon as a retail hub. Local brokers are also expecting a hike in real estate values in the future.

Saket real estate segment

Saket is the other destination in South Delhi that has rapidly evolved as a commercial hub. With a cluster of retail and office spaces coming up in the community centre area it has emerged as one of the most expensive shopping and entertainment centers of South Delhi.

Saket has a large bank of residential populace of its own, besides being in close proximity to densely populated areas like Malviya Nagar, Sheikh Sarai, etc. Therefore, malls like Select City Walk, MGF Metropolis, The Square One Mall, The Courtyard Mall, all within the same complex, have opened multiple shopping options for visitors. Investors also prefer malls compared to local shopping complexes. Rajeev Goel of Comtel Association, a local realtor, says: “Retail values have increased by 20-25% since 2008. In late 2008 and 2009, due to the economic slowdown, investors were moving out of malls. But, now, the situation has improved and retailers prefer malls to local markets. It has not only drawn visitors from South Delhi, but also NCR, like Gurgaon, Faridabad and Noida.”

An interesting result of the cluster of new retail developments is the drop in footfalls in Anupam PVR complex, both in the multiplex as well as the shopping complex.

Residential market has also improved in terms of transactions and values. Due to its proximity to Gurgaon and Faridabad, and also owing to the soon-to-open Delhi Metro station in the locality, residential real estate values have received a boost. The value of residential apartments and builder floors has risen by 15% and plot values by 15-20%. Apartment rental values have remained stable since November 2009.

Ambience Mall Gurgaon And Ambience Mall Vasant Kunj Shopping And Recreational Zones

Shopping and recreational complexes have become the hallmark of a city’s financial prosperity and economic development. For this reason all Indian metro cities moving on pathway of financial development adore themselves with beautiful shopping skyscrapers and buildings. Ambience Mall Gurgaon provides a unique experience to shop and enjoy. For this reason it has attained great fame in Indian real estate market. It is one of the largest venues in India for doing shopping and having recreation. Visitors will have to devote a whole day to visit this mall as it holds many attractions. It is located at Ambience Island off NH-8, Gurgaon. It has many magnificent showrooms, food junctions, cafes, restaurants, recreation centers and movie multiplexes.

Purchase stores of reputed consumer service tycoons like Reliance and Debenhams will enhance the thrill and enjoyment of customers coming to this place. One can buy products of international brands at this shopping and recreational complex. It has 3 floors and covers a total area of 3 km. It contains specially made spacious stores, visitors can buy many kinds of consumer commodities here. All stores are decorated with great interior designs. Purchase brands like Hush Puppies and Debenhams may create a deep impression on minds of guests and buyers arriving at Ambience Mall Gurgaon. One great advantage of this mall is that it is located just 8 km away from Gurgaon Expressway. People coming to this route from Delhi can have a visit to this shopping and recreational center during their journey. The building has been constructed well in attractive hues of red and blue.

Ambience Mall Vasant Kunj is one of the most famous shopping centers in Delhi. It comprises a serious of well constructed showrooms, restaurants, food junctions and recreation zones for all people. It is located at Nelson Mandela Road. It enroutes airport of the city and has routes going to different parts of New Delhi especially up market areas of Vasant Vihar, Shanti Niketan and West End. Ambience Mall Vasant Kunj was planned by DDA comprising two additional malls. It covers an area of 650 acres of land and landscape portion of Jawaharlal University. One can see as well enjoy a lot of entertainment and recreational facilities at this venue. This building has a hyper market, multiplex cinema with four screens, restaurants, a family entertainment center and a beer garden. Children can enjoy here at the special kids play zone. Those people who are conscious about there health and fitness can come to the special fitness center. There is a special show room for car buyers. Parking facility at this ambience
building is nice. It can accommodate 1800 cars at a time. Additional facilities like high speed elevators, wide atrium spaces and escalators with uninterrupted power supply are also present here. One can find multiple ways to make entry and exit from this multiplex building. Visitors coming to this mall can find a perfect blend of consumer commodity showrooms and recreation zones. This building is meant to buy and enjoy leisure hours after making purchase.