What Makes Sadar Bazar A Prime Location To Invest Money In Commercial Properties?
Delhi's Sadar Market, also known as Sadar Bazaar, is Asia's largest wholesale market for housewares and a prime location for rental income properties for sale. This oldest market is located in the heart of Old Delhi, west of Khari Baoli Road. Every day, it attracts thousands of buyers, traders, and visitors from different parts of the country.
This huge marketplace has several sections dedicated to specific products and a home to top builders like Devika Group. Famous markets in this area are Swadeshi Market, Pratap Market, and Timber Market.
The Sadar Bazar market is located between the two metro stations Chandni Chowk (Yellow Line) and Tis Hazari (Red Line). The area is also well connected with roads, making it easy to reach from other parts of the city. In addition, the area is surrounded by prominent neighborhoods, namely Chandni Chowk, Rajindra Nagar, Connaught Place, Karol Bagh, Patel Nagar, and Paharganj. With ongoing redevelopment initiatives, demand for property in and around this area is expected to increase massively.
In the past, vendors at Sadar Bazaar only sold home-related items, but today you can find a wide range of products and top real estate developer here. You can find everything from toys to jewelry sets, stationery, artifacts, and handcrafted items. In addition, you can even find various spices and dried fruits here. The streets are also full of vendors selling books and novels at low prices.
Whether Deepika Padukone's designer lehenga or Anushka Sharma's bridal look, You can find the replica of the designer lehenga of your dreams. If you have good negotiating skills, shopping at Sadar Bazaar is an exciting experience.
Properties in Sadar Bazar
Sadar Bazar is the best commercial location with various commercial and some residential properties both for sale and for rental. As told by experts from best real developers in delhi, the average price per square foot in Sadar Bazar is Rs 6,071. Commercial businesses make up 39 percent of real estate in Sadar Bazar, with the majority being privately owned. Sadar Bazaar has 47 percent independent commercial space for rent. 2 BHK apartments are the top properties for sale in this neighborhood, accounting for about 42 percent.
About 21 percent of properties for sale in Sadar Bazaar are between Rs. 20 lac and 40 lac, while 16 percent are between 80 lac and one crore. The most common rental configuration in Sadar Bazar is 2 BHK, which is about 50 percent.
Fifty percent of the rental houses in Sadar Bazaar cost between 15 and 20 lacs, and the remaining 50 percent is between 85 and 90 lacs. The location also offers 3 BHK units for sale and rent and is a strong market place for top builders in delhi. The asking price for 3 BHK apartments ranges from Rs 35 lac to Rs 2.60 crore, and the rental price starts from Rs 17,500.
Location of Sadar Bazaar
Sadar Bazaar is strategically located in the city of Old Delhi, off Khari Baoli Road, on the west side. The area enjoys excellent access to nearby places such as Chandni Chowk, Connaught Place, Rajindra Nagar, Karol Bagh, Patel Nagar, and Paharganj.
Some of the main roads connecting Sadar Bazar to other parts of the city are Sadar Thana Road, Desh Bandhu Gupta Road, Guru Gobind Singh Marg/New Rohtak Road, Qutab Road, Chelmsford Road, and Garstin Bastion Road nodes here.
The area is popular with shoppers as it offers a wide range of shops. In addition, Sadar Bazar offers a range of Sadar Bazar rental properties for sellers looking to do business in this area. Sadar Bazar market is also well connected by a few subway stations, namely Chawri Bazar, Tis Hazari, Pratap Nagar, and Chandni Chowk. Excellent road and city connections make it easy for shoppers and traders to travel daily.
Capitals around Sadar Bazaar
Chandni Chowk
Chandni Chowk is one of the oldest commercial areas and highlights of Delhi. Also, it is close to several well-known areas, such as Connaught Place, Paharganj, Karol Bagh and Patel Nagar. From beautiful Havelis to single-family homes or villas and apartments, Chandni Chowk offers a wide variety of housing options for the homebuyer. Chandni Chowk is well connected to major roads such as Netaji Subhash Marg, National Highway 44, and Shyama Prasad Mukherjee Marg.
Connaught Place
Connaught Place is an important financial and commercial center of Delhi. The place has five-star hotels, fine-dining restaurants, and high-end shopping malls. It is also one of the country's most expensive commercial PIN codes. Its central location with easy access to Gurgaon, Noida, Greater Noida and
Faridabad has always been the highlight of this iconic destination.
Karol Bagh
Centrally located, Karol Bagh is a premier residential and business address in Delhi. The city is home to some of the largest wholesale markets, including Ghaffar Market and Tank Road Garment Market. The area is closely linked to the employment hubs of Connaught Place, Gurgaon, and Netaji Subhash Place via the Outer Ring Road. The excellent metro connections and the availability of all first-class infrastructures have increased the demand for residential area
in Karol Bagh.
Paharganj
Ideally located near the Connaught Place business hub, Paharganj is one of the oldest residential areas in the city. The area is also an excellent shopping area, home to several hotels, restaurants, and guesthouses.
Easy access to neighboring areas such as Chandni Chowk, Patel Nagar, Sadar Bazaar, Connaught Place, and Karol Bagh makes this location ideal for any investment. Proximity to Naraina Industrial Zone is also an added advantage.
New Rajindra Nagar
Strategically located on Shankar Road, New Rajindra Nagar is a prime residential area in central Delhi. Single-family homes and developer apartments by Devika Sadar Bazaar predominantly characterize the area. Several established employment hubs surround the area, including Connaught Place, Karol Bagh, and Rajendra Place.
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