A flat spread about 2,000 square.feet located in Defence Colony in Delhi was sold for about Rs 8.5 crore bringing the average value of the property to approximately.
Rs 42,500 per square feet. While the cost of this property is marginally higher than the average value of comparable property which is in the range between Rs. 27,000 and Rs. 40,000 per square feet.
Defence Colony is one of Delhi’s most sought after areas on account of location, amenities & quality of properties that it offers. The location has seen stable capital values over the last year on account of low number of transactions. It is expected that the location and its neighbourhood will continue to see good interest from house buyers (End Users) as well as investors.
Source: Cushman & Wakefield and ET
Rs 42,500 per square feet. While the cost of this property is marginally higher than the average value of comparable property which is in the range between Rs. 27,000 and Rs. 40,000 per square feet.
Defence Colony is one of Delhi’s most sought after areas on account of location, amenities & quality of properties that it offers. The location has seen stable capital values over the last year on account of low number of transactions. It is expected that the location and its neighbourhood will continue to see good interest from house buyers (End Users) as well as investors.
Source: Cushman & Wakefield and ET
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