New Friends Colony in Delhi – Rapidly Growing Suburb

gaining popularity. New Friends Colony real estate is booming in the recent times owing to these reasons.

The most important landmark of this locality include the 5-star hotel Crown Plaza, otherwise known as the Surya Hotel, and the Lotus Tower, which is also known as the Berjaya Tower. Both of these can be seen from any part of this locality. Mata Ka Mandir is also a main attraction of this place and is easily accessible from almost all the areas of the New Friends Colony. Some of the prominent neighbouring suburbs of New Friends Colony include East of Kailash, Greater Kailash, Sarita Vihar, Jasola Vihar, Jamia Nagar and the Lajpat Nagar. Most of the properties in New Friends Colony are developing in and around these areas. A few of the localities and sub-localities of New Friends Colony include:

•    Khizarabad
•    Friends Colony – East & West
•    Zakir Nagar
•    Khizarabad Bhagol
•    Jogabai
•    Okhla
•    Gafoor Nagar
•    Masihgarh
•    Jamia Nagar
•    Bahapur
•    Srinivaspuri Extension
•    Maharani Bagh
•    Taimoor Nagar
•    Kalindi Colony

This area has a long list of chain restaurants providing different cuisines and also has many pubs which have increased the area’s popularity among the youth. There are also many dhabas serving local street foods ranging from kebabs to shawarmas. A few of the pubs and food outlets of this locality include: Dawat Khana, Pebble Street, Firefly, Moksha, Nathus, Subway, McDonalds, Tavisha Hotel, etc. New Friends Colony property is considered to be among the upcoming residential property in the whole of the city. Apart from these, there are many banks and other establishments like L.I.I. Exports Pvt. Ltd., MG India, Standard Chartered, ICICI Bank, Modi Glass, Citibank Personal Loan Back Office and Axis Bank.

New Friends Colony, being both a residential and commercial locality, has various educational institutions providing excellent education. As education plays an important role in everyone’s life, it has in turn brought in many apartments in New Friends Colony and its nearby localities. Delhi Cambridge Primary School, Kendriya Vidyalaya, Jamia Millia Islamia, New Delhi PT College, PG DAV College and New Cosmos Public School etc. Medical facilities are very much essential for any locality and its residents and this locality does have various healthcare centers and hospitals. Some of them include Holy Family Hospital, Sujan Mahindra Hospital, and Dr. Lal Path Labs, SITRA Chemists, Viola Hospital and Bansal Hospital etc.

This locality being both a residential as well as commercial property destination, there are many upcoming projects being developed by prominent builders and developers. Some of the projects in New Friends Colony include Tulip House, Boutique Residential, New Friends Colony, Ultra Luxury and Propzone apartments etc. The highest locality price of residential multi-storey flats for sale in New Friends Colony is around Rs.20,390 per square foot and the lowest price is around Rs. 18,090 per square foot. And the average is around Rs. 19,245 per square foot. The return on investment has witnessed a decrease of 6 % q-o-q in June 2013. The average rental price of commercial office space is around Rs. 120 per square foot.