Forty-years old, Shanti Niketan in South Delhi is a large, pleasant residential colony spread over 2-kms, with a pre-dominance of big, well-built houses surrounded by greenery and more greenery. A mere twelve kilometres from Connaught Place, it lies in close proximity to Indira Gandhi International Airport, a bonus point for all those jet setting, high-flying NRIs and others. Commanding a higher price than North, East and West Delhi, real estate in Shanti Niketan is an upscale, upmarket South Delhi colony that calls Anand Niketan, West End and Vasant Vihar neighbours.
If that has interested you into buying a house in Shanti Nikentan, the following price information should allow you to see what suits your budget:
A 265-sq. yd. Kothi = Rs. 1,50,000/- per sq. yd.
A 400 to 800-sq. yd. plot = Rs. 1,50,000/- to Rs. 1,60,000/- per sq. yd.
A 1000-sq. yd. Kothi = Rs. 1,30,000/- to Rs. 1,50,000/- per sq. yd.
A 265-sq. yd. 3-bedroom builder flat built on = Rs. 2-crore.
A 400-sq. yd. 4-bedroom builder flat = Rs. 2.75 to Rs. 2.80-crores.
A 5-bedroom flat with a family lobby = Rs. 6.5 to Rs. 7-crores.
No mean boast, Shanti Niketan has two reputed schools in its vicinity i.e. Mt. Carmel Convent and R.K. Puram's Delhi Public School, near-by medical facilities and developed markets. And, for all those who cannot do without 5-star dining, Taj and Ashoka hotels lie in close proximity to this South Delhi colony.
An adequate power and water supply, a large number of houses for sale, there is no dearth of buyers according to a local real estate and property broker. Shanti Niketan real estate despite a 20-percent increase in property prices within the last 6-months is where "the it and happening" crowd want to be.
NRIs and others interested in a real estate investment in South Delhi will definitely get value for their money by purchasing a Shanti Niketan property. Peaceful, green well laid out, the colony is a good place to call home!
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