Laxmi Nagar is centrally located in Delhi. It is a residential area. It is a favorite haunt of the student community, as they can stay with cheap rent. Lot of students migrates to the city for higher education. They seek refuge in the area. Since this a student joint, it is quite congested. Laxmi Nagar is also full of temples and is a favorite place for devotees.
It is a part of the capital city of the country and therefore, has every facility. This area is famous for its Tuesday bazaar. Laxmi Nagar is in the midst of all activities.
Infrastructural benefits of Laxmi Nagar
Since Laxmi Nagar is centrally located, the area can be accessed from all parts of the city. CNG buses connect this area with other parts of the city. Metro network in the area makes this area very well connected. You have a lot of traditional markets. You also have swanky new shopping malls in the area. Thus, it is a haven for shopaholics. It has renowned public schools and other educational institutes. You will also find a lot of temples in the area. You will find some pre-paid taxis in the area for convenience. Auto rickshaws ply in the area.
Economic Robustness of Laxmi Nagar
This area is quite prosperous. The area is famous for trendy clothes at reasonable price, especially for the students. It also has some good shopping malls and multiplexes for the entertainment of the residents. They contribute largely to the economic prosperity of the area. This area even has some good hotels and restaurants that generate revenue in the area. Since Akshardham temple is close by, a lot of tourists come to this place. The area is home for many top-notch industries. Telecommunication, software companies, real estate companies have corporate offices in the area.
Peep into Real Estate
The real estate value of the area is quite high, since this is a centrally located area. Also, the area is well accessible from all points of the city. You will find 1BHK flats, as well as luxurious 5 BHK flats in the area. The price range starts from Rs 19 lakh. The range goes up to Rs.4 crores. You will get resale apartments, new apartments, independent buildings, high rise condominiums and even plot of land. The apartments all have basic amenities like uninterrupted water supply, security system, flooring. They even have care parking space.
Civic Problems of Laxmi Nagar
Since this area is the haunt of the student community, there are some problems in the area. This area has security problems. There is much of traffic congestion in the area. However, the local municipality has taken stern steps towards the hooligans of the area. Law and order are strictly maintained in the area. This area has very good real estate market. The price of land will appreciate further in the future as predicted by market analysts. Therefore, if you have plans to invest in the area go ahead and book it immediately. This is a prime location with all facilities.
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.
Tips for new residents in Panvel to understand their locale better
Panvel has seen a major transformation from a sleepy suburb to a satellite town and finally to a full-fledged city. The growing population willing to reside in the Mumbai MMR region, the shortage of adequate real estate destinations in Mumbai region has made investors and buyers look at Panvel as their best option. Panvel was famous from its lush green surroundings and farm houses. With changing times and inflow of population there are abundant new projects available in Panvel for investors and buyers alike.
Looking for a green living space in Zirkapur Here are options
Zirakpur located near Chandigarh and part of the tri city comprising of Chandigarh, and Mohali is one of the most popular real estate destinations. While Mohali and Chandigarh investors have had the luxury of investing in properties located closer to nature with lush green belts and parks, Zirakpur residents often faced concrete jungles.
