Bharat SainiLast Updated on July 25, 2017 by Bharat Saini
Those who have been to Delhi and heard about the charms of Old Delhi know how nostalgic it can be to visit this part of the city. They must have also heard about the iconic location of Chandni Chowk. This entire region is the nerve center of Old Delhi which still houses the Havelis and the heritage homes in the region. Home to the famous Chandni Chowk Market this has been the commercial hub of Old Delhi even before independence and today it houses everything from quaint restaurants to big retail outlets. For anyone looking forward to conducting business here, it would be a good idea to get a place to stay as traffic around Old Delhi can get extremely congested during the peak hours, which can make long-distance commutes a hassle. In that regard, even a 1 BHK flat for sale in Chandni Chowk would be a good investment because it is one of the prime localities in the city.
The region is situated very close to the Old Delhi Railway Station and is one of the prime locations for those who want to conduct business in the wholesale market. The Golden Mosque, Begum Samru’s Palace, Chawri Bazar, and Delhi Town Hall are located in the vicinity which also makes for a great tourist attraction for those who are passionate about heritage. Even a 1 BHK flat in Chandni Chowk can cost around Rs. 25 lakhs and that too in the resale market. Likewise, a 2 BHK flat would cost somewhere around Rs. 40 lakhs in the resale market and that too depending on the proximity to the main road.
What has to be remembered while buying a property here is that most of these 2 BHK flats in Delhi are listed on the resale market and most of the properties here are on independent builder floors of old houses. Those who have visited Old Delhi know that the place is completely saturated and there are hardly any spaces left for high-rise contemporary apartment buildings, the likes of which we see in New Delhi. Most of the flats here have been renovated from old vintage buildings and there are some activists working to save the architecture and the heritage of the locality by encouraging people to buy a property here, in the heart of Old Delhi, and enjoy the feeling of living in big comfortable rooms of renovated havelis. Those planning for commercial activities can also buy a property here and renovate it to make room for modern interiors while keeping the outer facades unchanged.
However, even if the nostalgia factor is high and owning a space here can be a strategic victory, the cost of maintenance for such a building has to be factored in while buying a property here and there should be complete harmony with other buyers of independent floors in the building for the stay to be a hassle-free one.
