Delhi, the capital city of India, is one of the most envied destinations to live in across the country. With a large influx of people migrating here in search of better job opportunities every year, Delhi has become the best place for both students and working professionals, who are looking to buy their own house in the city.
Despite a higher cost of living, residing in one of the swanky neighbourhoods of the capital always remains a status symbol for both end-users and tenants. We have prepared a detailed list of some of the best and affordable residential areas in Delhi for students.
Check Out The Best Localities In Delhi For Students
Localities In South Delhi
Malviya Nagar, Saket and Vasant Kunj
These three areas are considered as the most sought-after localities in Delhi for those who are working in South Delhi or maybe Gurgaon, which is currently known as the biggest corporate hub in the country. Owing to the seamless road and metro connectivity, these localities are rated as the best places to reside in the South Delhi region. Moreover, they have a well-developed social infrastructure which include schools, multi-specialty hospitals, restaurants, malls, retail outlets, and big shopping complexes.
Apart from being densely packed with commercial establishments and entertainment zones, these areas are also among the safest in Delhi, providing residents with a safe environment. These areas have a thriving housing market, with independent houses and builder floor units accounting for the majority of available inventory. Apartments with 2 BHK and 3 BHK units still continue to be the most popular choices in these localities.
In Malviya Nagar, average property price hovers around Rs 12,000 per square feet and monthly rental value for a 2 BHK unit starts from Rs 26,000. If you are looking to invest in Saket, average property rates here start from Rs 15,000 per sq.ft. while monthly rental value begins at Rs 30,000. On the other hand, Vasant Kunj is a little bit more expensive when it comes to property rates, with average apartment prices starting from Rs 18,000 and rental value for a 2 BHK apartment starts at Rs 40,000 per month.
Localities In North Delhi
Mukherjee Nagar and Model Town
Model Town and Mukherjee Nagar are two of the most prominent residential localities to live in North Delhi. Among these two locations, Mukherjee Nagar is the hub of IAS, banking and other coaching institutes, and most of the students studying at Delhi University (DU) and aspirants preparing for government competitive exams prefer living in this area due to its affordable housing and excellent social infrastructure. Both these areas boast some of the most vibrant places in Delhi for the student community including many famous cafes and restaurants, local markets etc.
These localities are well-connected by the GTB Nagar and Model Town Metro Stations, which are approximately 1 KM apart. A proposed elevated tunnel road at Signature Bridge, four kilometres away from Mukherjee Nagar, would improve connectivity to the Indira Gandhi International (IGI) Airport even further. Thus, good connectivity combined with a plethora of social amenities raises the attractiveness index of these neighbourhoods and makes them among the best places to live in the capital city.
Average property price in Mukherjee Nagar starts from Rs 11,800 per square feet while the monthly rental values hover around Rs 28,000. In Model Town, property rates currently stand at Rs 11,200 per sq.ft and rent for a 2 BHK apartment hovers around Rs 11,000 per month.
Localities in East Delhi
Laxmi Nagar, Mayur Vihar-I, II and III
When it comes to the best residential localities to live in East Delhi for students and young working professionals, Mayur Vihar is the one ideal destination to consider. With a number of housing colonies developed by the Delhi Development Authority (DDA) in different phases of the area – Phase I, II and III, Mayur Vihar is one of the most preferred locations to reside in for people who are working in Noida.
There is no dearth of amenities such as local markets, grocery stores, schools and banks within the locality. Since the inception of Delhi Metro Pink Line in the area, the housing prices at this location have witnessed a steep rise.
In addition to Mayur Vihar, Laxmi Nagar is another excellent residential locality in the East Delhi region, offering a host of PGs and flats at affordable rates. Laxmi Nagar is also known as the commercial hub of East Delhi and attracts many job-seeking youngsters.
Average property prices in Laxmi Nagar start from Rs 6,200 per square feet while monthly rental value for a 2 BHK flat stands at Rs 11,500. As for Mayur Vihar, you can check out the price chart below:
| Area | Property Price (in sq.ft.) | Monthly Rental Value |
| Mayur Vihar – Phase I | Rs 11,200 | Rs 24,000 |
| Phase II | Rs 8,500 | Rs 18,000 |
| Phase III | Rs 7,600 | Rs 14,000 |
Localities in West Delhi
Janakpuri and Uttam Nagar
Both Janakpuri and Uttam Nagar are two of the most coveted residential areas in West Delhi. This is primarily due to their well-established infrastructure and excellent connectivity via Delhi Metro’s Blue Line. While Janakpuri is a posh commercial district in Delhi, Uttam Nagar is a more affordable micro-market with a large inventory of Low-Income Group (LIG) DDA flats and 2 BHK builder floors. Furthermore, the rental value here is relatively competitive in comparison with the other neighbouring localities, including Dwarka Mor, Tilak Nagar and Vikaspuri, where the average rent turns out to be Rs 14,000 per month.
The average property price in Janakpuri begins from Rs 9,950 per square feet and the monthly rent of a 2 BHK unit here hovers around Rs 20,000. Uttam Nagar is comparatively cheaper than other localities in West Delhi as the property rate here ranges from Rs 4,300 per square feet and monthly rent values at Rs 8,000.
