Kalkaji in Delhi is famous for the Kalka temple. In the ancient times, according to Hindu mythology, Goddess Kali killed demon Raktabija. It is popularly believed that the desires of the devotees would be fulfilled if they come and pray at the temple.
Therefore, this place has historical, as well as spiritual importance. In the modern day, the area has renovated to accommodate modern day life. The area enjoys a busy life, with spiritual tourists and industries in the area. If you have a spiritual bent of mind, along with a passion for city life, then Kalkaji is the perfect place for you.
Economic Standpoint of Kalkaji
Since many spiritual tourists hover in the area, the area is crowded with a lot of hotels and restaurants. Good quality hotels can be found in the area. You can find many multi-cuisine restaurants in the area, catering to different tastes of people. The area also has swanky new shopping malls, contributing to the economic prosperity in the area. Apart from this, Kalkaji has the corporate offices of some big industrial houses. You will also find the offices of some big real estate players. Thus, you can safely mention that this place enjoys good economic health.
Infrastructural advantages of Kalkaji
The primary factor tilting in favor of Kalkaji is the metro station. The metro station is very close to the Kalkaji temple. Some famous temples are nearby. Temples like ISKCON and Lotus are at Kalkaji. You will get good schools and hospitals in the area. Some major banks of the country have branches at Kalkaji. The place is connected with buses and autorickshaws. You can also take the help of pre-paid taxis if you have to travel in emergency situations. You will also find a railway station that connects the area with the rest of the country.
Property Value of Kalkaji
Kalkaji is a prime area in Delhi. Therefore, the real estate prices are also quite steep. You can get resale apartments or new apartments in the area. The cost of resale apartments is a bit low, while the new flats cost more. You can find apartments in both standalone buildings and high-rise complexes. You will get 1 BHK flats within Rs.25 lakhs while a little spacious apartment can cost Rs.3 crores. The cost of the property depends on the accessibility of basic amenities. Basic facilities of apartments include lifts, car parking space, security among others.
Civic Challenges of Kalkaji
The prime challenge in this area is that it is a bit congested due to the regular flow of tourists in the area. Keeping the place clean is another major challenge faced by the residents. However, the local police have been very cooperative and have smoothly controlled the traffic in the region. You will get wide roads in the area for easy traffic flow. Kalkaji is a good place to invest in real estate. Since the area is in a prime location, the price of the land will increase further. This is a good place to settle with your family.
Is Delhi-NCR real estate moving sluggish
If the recent trends in real estate market in Delhi are to be believed, there is a significant dip in the units sold in the capital and NCR in the last 18 months. The sluggish trend has been whistled by lack of incentives from the administration which is focussing on clearing infrastructure road blocks rather than giving green signal to new projects. With paper works in the backlog, new projects in Delhi are at pause, at least for the rest of the year 2015.
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