Saket, a very desirable residential locality, is found in the South Delhi District. It falls under the Hauz Khas sub city area, which is one of the well-developed localities in Delhi. ‘Saket’, derived from Sanskrit, means heaven and holds good in terms of its amenities and urban structure. The locality is broken down into blocks and sections that are named alphabetically, from A-N.

The sub-city of Saket is neatly stacked with multi-storey apartments, row houses, and independent houses that make up most of the residential front. Middle class and upper middle class people who are mostly professionals mainly occupy this area. There is an abundance of well-maintained parks in this area that are used religiously by most of the residents. There is also an engaging sports culture in Saket, which was marked by the establishment of the Saket Sports Complex that offers various facilities for playing cricket, tennis, badminton, table tennis, and squash. It also has a jogging track, swimming pool, and a gymnasium. To add to the benefits, Saket is in proximity to the Qutab Golf course.

The social infrastructure in this area is packed with high-end amenities that cater to the needs of the urban crowd. There are several malls and shopping complexes in this area that has labelled Saket as the mall hub in South Delhi. The Select City Walk Mall, MGF Metropolitan Mall, ECCO Mall, and Southern Park Mall are some of the most visited malls. Saket also has the 4 mega screen PVR cine multiplex that was the first of its kind in India among its multiplex theatres. There are a good number of ATMs & banks, hospitals, schools, eateries, etc. All in all, Saket hold a good position in the real estate sector in South Delhi and will be worth the investment.

Connectivity and Transit Points

Saket is surrounded by Pushp Vihar, Gitajali Enclave, Sainik Farms, and Mehrauli - home to the world famous brick minaret, the Qutab Minar. Saket has well-structured arterial roads that keep it connected to the rest of the surrounding cities. It can be easily accessed by the Yellow Line of the Delhi Metro that has underground stations in Saket-Malvia Nagar on the Press Enclave Road and on Mehrauli-Badarpur Road. There are all round bus facilities, auto-rickshaws, and taxi services that are reliable.

Major Landmarks

District Park
Nishant Medicos
Gyan Bharathi School
BnB Chrysalis
Saket City Hospital
Saket Sports Complex
Sanrhigiri Ayurveda Hospital & Panck Clinic

Factors for Growth in the Past

Saket Sub-City has undergone tremendous changes that gave it the status, which has added to its exceptional realty value. It has been a part of Delhi’s all round developmental schemes, which resulted in the betterment of basic amenities and urbanization of localities. The commercial activity was given special consideration, bringing it to the present high-end hub that it is. Development of the malls and shopping complexes brought in major brands in significant numbers.

The establishment of the Saket Sports Complex gave Saket the extra edge in its social infrastructure. With a variety of sport facilities made available, the social engagement in sports increased considerably, hiking the realty value.

Residential & Commercial Market

The residential market of this area is saturated with the exception of a few upcoming projects in Saket. Most of the built-up area comprises apartments, independent houses, and builder floors. Although there is a lack of land for further construction and development, builder floors have relieved the need for more housing facilities.

The sale prices for the first quarter (Jan-Mar) of 2014 has been as follows: Multi-storey apartments in Saket have been priced in the range of Rs. 16,284 to Rs. 24,916 per sq. ft., while builder floors have been available for anywhere from Rs. 17,878 to Rs. 19,061 per sq. ft. Residential houses have been priced from Rs. 14,525 to Rs. 16,966 per sq. ft. The rental rates for such property types approximately range between Rs. 30 to Rs. 40 per sq. ft.

The commercial end has progressed just as well with the demand for retail and office space. Rental rates for the first quarter of 2014 (Jan-Mar) vary from Rs. 130 to Rs. 145 per sq. ft.

Major Challenges

Even though South Delhi has seen its fair share of urban development, there have been issues with regard to roads, parking, unavailability of land, and exorbitant prices in real estate. Parking problems, involving space and parking rates have risen considerably over the years, with the tremendous number of vehicles that marks Delhi, as a whole. The unavailability of land for further development has increased the rental and sale prices exponentially.

Saket, Delhi

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