Laxmi Nagar is a centrally located area in East Delhi. It is the favorite haunt of the immigrant student community. This is also one of the well-known commercial hubs of the city. Some of the local businessmen reside here.
. It is governed by the Municipality of Delhi. It is also reputed for some beautiful parks around the area. If you are one of those who enjoy the humdrum a busy life, then Laxmi Nagar is for you. It is a busy area, but not exactly in the heart of the city. This place is a bit off the city, yet affording the same quality of life.
Residential Property Assessment
Since this is a centrally located area, it is a sought after locality for residence. People who want to be a part of the humdrum of a busy life and in the midst of everything prefer this locality. You get residences accommodating one person, as well as apartments accommodating 5 people. Thus, you have 1 BHK flats, as well as luxurious flats of 3 and 4 BHK. The price range of the apartments is thus between Rs.30 lakhs – Rs.1.5 crores. The basic amenities provided are lift, uninterrupted water supply, and tiled floor.
Infrastructural facilities of Laxmi Nagar
This place is conveniently connected with other parts of the city. There are several metro stations near to this place, affording ease of communication. There are broad roads that are well connected with state-owned CNG buses. A lot of places of worship can be found in the locality. There are some good primary and secondary educational centres in the locality. Some good medical facilities can be found here to cater to the local people. It even has a sports ground to facilitate local sporting activities. Akshardham Temple, a major attraction of the city, is nearby.
Economic Prosperity Of Laxmi Nagar
The area is well placed in terms of economic distribution. There are huge local markets in the area, catering to the requirements of nearby residents. It is a favorite joint of students, looking for trendy clothes at reasonable rate. The place also has some good restaurants, empowering the economy of the area. The area is home to both middle-income group and high-income group. The new real estate projects in the area ensure a steady flow of income in the region. This area is a commercial complex of the nearby region.
Civic Concerns of Laxmi Nagar
Since this area is centrally located, it faces the problem of overpopulation. The immigrant student population living on a reasonable rate is the cause of overpopulation. This place has high recorded criminal offenses. Drainage system in the area is not up to the mark. However, these complaints have been taken into consideration by the local municipality, and steps are being taken to set them right. Law and order also have become stricter in the area. This area is witnessing a large influx of real estate properties. Therefore, you can safely mention that this is the next future place for the next generation.
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.
