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NORTH DELHI North Delhi is an administrative district of the National Capital Territory of Delhi in India. North Delhi is bounded by the Yamuna River on the east, and by the districts of North West Delhi to the north and west, West Delhi to the southwest, Central Delhi to the south, and North East Delhi to the east across the Yamuna.

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NORTH DELHI

North Delhi is an administrative district of the National Capital Territory of Delhi in India.

North Delhi is bounded by the Yamuna River on the east, and by the districts of North West Delhi to the north and west, West Delhi to the southwest, Central Delhi to the south, and North East Delhi to the east across the Yamuna. 

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Categories for the land rates in Delhi assigned by Government of Delhi

The categories in which the lands in Delhi have been divided for the book rate for the raw land are as follows:

CATEGORY OF LOCALITY MINIMUM LAND RATES (RS/SQM)

CONSTRUCTION RATES (RS/SQM)

A 86000 14960

B 68400 11870

C 54600 9500

D 43600 7600

E 36800 6410

F 32200 5600

G 27400 4750

H 13800 2370

(These are the rates for residential areas in Delhi and are shown to indicate the rates of land across the capital)

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“Development of land” costs

The development cost of the land are around Rs. 300-400/sq.ft., where it is required.

It also depends on how much work is required before the construction can be done.

Usually, curing of land, developing the landform feasible for construction and removal of unwanted plants and trees are covered in these costs.

Construction costs in the North Delhi region in the National Capital Region

Construction cost varies from area to area and contractor to contractor. On an average the construction cost in Delhi would be around Rs. 1800-2000/sq.ft.

This cost is for the construction of residential buildings. The construction costs for other land use are defined by the type and quantity of work to be done on the structure.

Cost for industrial areas can go much higher, upto 3000-3500/ sq.ft. as there is more use of concrete.

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RESIDENTIAL AREAS IN NORTH DELHI

There are many residential areas in north Delhi.

The ones which we surveyed are :

Civil Lines Kamla Nagar Jawahar Nagar Shakti Nagar

The rates have varied from year after year in these areas ad it has been a dramatic change in the occupancy as well.

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The higher middle class society has taken up the lands in Civil Lines area, where the land is quite costly. It lies in the category ‘c’

In Kamla Nagar, mostly the middle class and lower middle class reside. The land cost here are less than civil lines area. It lies in the ‘D’ category.

In Jawahar Nagar and Shakti Nagar, the cost of land is almost the same as kamla nagar. These 2 areas lie in the category ‘D’.

Factors which have contributed to rise in rates in different areas

Kamla nagar being a commercial hub of old delhi, the rates of land is more.

Also Metro lines run near kamla nagar and Civil Lines, which add up to the higher land costs

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COMMERCIAL AREAS IN NORTH DELHI

The commercial areas are grouped by the criteria of business flow and market in this region.

The areas surveyed are as follows

Sadar bazar Subzi Mandi Mukherjee market Khari baoli Kamla nagar

The rates of the commercial areas are defined by the same categories. Only the factor of change of rates is changed(as per the multiplication factor for different land use is issued by the govt.)

The sadar bazar area is the most preferred area for the wholesale marketers and businessmen. It is the most flourishing markets in Delhi for its variety of goods for retail and sale. It lies in the ‘E’ category of the land rates for commercial use. 

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CATEGORY OF LOCALITY MINIMUM LAND RATES (RS/SQM)

CONSTRUCTION RATES (RS/SQM)

A 258000 44880

B 205200 35610

C 163800 28500

D 130800 22800

E 110400 19230

F 96600 16800

G 82200 14250

H 41400 7110

(The rates given here are the rates for commercial use of land and are applicable for the same in all the regions of Delhi)

The Subzi Mandi area in Delhi is, as the name suggests, the hub of groceries and fruit as a wholesale and retail market. Though over the years the use of land in this area has been wide and is also used for other retail stores like general stores, ration shops, etc. This area lies in the ‘E’ category.

Mukherjee Market is a very old marketplace in Delhi. It has catered to the people nearby for more than three decades. The market rates for raw land in this area are categorised in the ‘D’ category. Higher land rates are due to the old lands which were bought by investors at a low cost than the trend today.

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Kamla Nagar has catered to the dwellers all over Delhi with all types of needs. The market in this region is famous for the cloth business, readymade garments, cheap footwear and food. Though, now major brands have opened their showrooms here, the local vendors still have their share of market and revenue.  Kamla nagar falls in the category ‘D’. 

Views of Kamla nagar market.

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INDUSTRIAL AREAS IN NORTH DELHI

Industrial area are categorised by the use of land for setting up industry, factory, etc. which are used for manufacturing goods. 

The areas surveyed in the north Delhi for industrial land use are:

Majnu ka Tila Timarpur Wazirpur industrial area

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CATEGORY OF LOCALITY MINIMUM LAND RATES (RS/SQM)

CONSTRUCTION RATES (RS/SQM)

A 172000 29800

B 136000 23740

C 109200 19000

D 87200 15200

E 73600 12820

F 64400 11200

G 54800 9500

H 27600 4740

(The rates given here are the rates for industrial use of land and are applicable for the same in all the regions of Delhi)

Majnu ka Tila is the industrial area on the outskirts of Delhi, towards Sonepat. It has been used for governmental use and also contains many centrally run companies and industries. It lies in the category ‘F’.

Timarpur is mainly the hub of wholesale-cum-industry for metals like iron, aluminium, steel, etc. it lies in the ‘D’ category.

Wazirpur industrial area is usually considered for production of a mix of goods. It lies in the ‘G’ category.

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Views of Wazirpur Market

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EDUCATIONAL AREAS IN NORTH DELHI

The areas for educational purposes like schools, colleges, universities, etc. are prelocated by the city planners. The land rates are defined by the governmental laws, as given below.

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We could cover only the Delhi University- North Campus area. It is one of the main centres for the university as most of the renowned colleges lie in this area. It lies in category ‘C’.

The university has helped to increase the business of several business pioneers who run food & beverages business near the university and colleges.

CATEGORY OF LOCALITY MINIMUM LAND RATES (RS/SQM)

CONSTRUCTION RATES (RS/SQM)

A 86000 14960

B 68400 11870

C 54600 9500

D 43600 7600

E 36800 6410

F 32200 5600

G 27400 4750

H 13800 2370

(The rates given here are the rates for educational use of land and are applicable for the same in all the regions of Delhi)

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North Campus

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HOSPITALITY AREAS IN NORTH DELHI

Hospitality areas are categorized by hotels, hospitals, resorts ad other helpful facilities which contribute towards the welfare of people residing in the city as well as the ones coming from other cities.

The following areas are surveyed:

Civil lines Pitampura 

The markers show different locations of hotels and eating joints in Delhi.

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CATEGORY OF LOCALITY MINIMUM LAND RATES (RS/SQM)

CONSTRUCTION RATES (RS/SQM)

A 172000 29800

B 136000 23740

C 109200 19000

D 87200 15200

E 73600 12820

F 64400 11200

G 54800 9500

H 27600 4740

(The rates given here are the rates for use of land for hospitality and are applicable for the same in all the regions of Delhi)

The Civil Lines area contains a whole lot of hotels and motels. It also contributes to the premium class with some 4 & 5 star rated hotels. Due to the mixed use of land in civil lines, it is quite a busy area. Land rates in this area are categorised in ‘C’.

Pitampura is also considered a residential area. Some colonies have been authorised for this area in northern Delhi.

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Hotel in Civil lines area

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BIBLIOGARPHY

Maps and site locations:  www.maps.google.com\in

www.mapsofindia.com

Rates and tables :  http://www.mcdpropertytax.in

Pie charts data: www.magicbricks.com

Local dealers were also contacted for information on the scenario of rates in the market and real estates.