Overview of Old Rajendra Nagar, New Delhi

Location and Connectivity

Old Rajendra Nagar is a residential area situated in Central Delhi, bordered by the Central Ridge Protected Forest to the east and south, the Indian Agricultural Research Institute (IARI) to the west, and Karol Bagh to the north. It's well-linked to other parts of Delhi NCR including Noida, Gurgaon, and Ghaziabad. Access to the Delhi metro system makes its connectivity even better.

Historical Significance

Old Rajendra Nagar was established in the 1950s, mainly for Punjabi refugees after India’s partition in 1947. The neighborhood was named after Dr. Rajendra Prasad, India’s first president.

Sub-Areas

It's divided into two sections by Shankar Road: New Rajendra Nagar and Old Rajendra Nagar. New Rajendra Nagar is a fancy place with beautiful parks, near Connaught Place and Talkatora Stadium. Old Rajendra Nagar mingles with Karol Bagh, a famous hub for shopping and dining.

Property Types and Prices

For Sale

There are numerous property types and prices in Old Rajendra Nagar:

• Builder Floors: Available in 2 BHK, 3 BHK, and 4 BHK formats, with prices from ₹1.9 Cr to ₹15.5 Cr.
• Independent Houses: High-end and super-luxury options with 6+ BHK houses, pricing around ₹10.5 Cr.
• Plots: Various sizes, starting from ₹6.5 Cr.
• Price Range: Prices range from ₹1.51 Cr to ₹14 Cr.

For Rent

Various rental options include:

• Builder Floors: 1 BHK, 2 BHK, and 3 BHK units, priced from ₹15,000 to ₹75,000 per month.
• Independent Houses: Rentals from ₹26,000 to ₹80,000 per month.
• PG and Shared Accommodations: Starting at ₹18,000 per month.

Amenities and Infrastructure

Parks and Green Spaces

New Rajendra Nagar features several parks, including Nehru Park (also known as the Central Park).

Shopping and Dining

Being near Karol Bagh, a major shopping and dining district in Delhi, the area enjoys easy access to a wide range of shops and restaurants.

Healthcare

Old Rajendra Nagar boasts developed civic amenities and includes accessible healthcare facilities.

Price Trends and Investment

Current Prices

The average price per square foot in Old Rajendra Nagar is ₹20,861. There's a starting price of ₹15,555 per sqft, with some properties reaching up to ₹35,000 per sqft.

Year-over-Year Growth

There’s a 6.27% property rate increase in Old Rajendra Nagar over the past year, signaling a positive trend beneficial for buyers and sellers.

PropertyWala's Conclusion

Old Rajendra Nagar provides a mix of historical importance, modern amenities, and superb connectivity, making it a desirable area for buyers and renters. With its well-developed infrastructure, nearby key spots like Connaught Place and Karol Bagh, plus the positive price trends, investing here could be a smart choice. Whether seeking luxury homes, budget rentals, or investment options, Old Rajendra Nagar offers plenty to meet various needs and budgets.