AREA WATCH - A PRIME locality
“DLF Phase-III is in close proximity to Delhi. And not only are there a large number of big MNCs having their offices, but also there are so many malls, shopping complexes nearby. The locality is blessed with excellent transport facilities including the nearby Metro, Rapid Metro and bus stand. The crowd in the area is also quite decent and we have been enjoying living here. We bought our bungalow at a very minimal price decades ago and today the value of our bungalow has touched `30 crore,“ shares Vikas Batra, a resident of the area Property prices in DLF Phase III have seen a rise in the past one year, especially after the inauguration of Rapid Metro.
The property prices here are between `10,666 and `12,689 per sq ft. But prices vary from locality to locality in this area. Prices of properties located on the main road are higher than properties located inside.
“This location is on main MG Road and it is just 15 minutes' drive from South Delhi. Also DLF Phase-III is very well developed with both, residential and commercial properties. Also the area is closer to Delhi. It has all basic amenities at a stone's throw distance. On the main road, it has hospital, banks, ATMs, and retail stores making it an ideal place to live in,“ says Pooja, another resident of DLF Phase-III.
The nearby Metro station to the locality is Sikanderpur Metro Station which is at the walking distance from here.
This place majorly comprises residential plots and lavish bungalows. It also has two high rises which are DLF Belvedere Park and Belvedere Tower.