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Journalism of Courage
Jor Bagh 8211; the mere name sends shivers down the spine of many a persons wallet. A place which has been the quiet domain of Delhis uber-rich set and,in recent times,has seen an influx of expatriates and NRIs making their way back home. So as to not scare off the reader,well come to the prices later in this report. For those unfamiliar with the beauty and charm this place holds,let us begin.
A pocket of lush evergreen tucked away with Lodhi Gardens across the road,lend occupants to keep the prices of homes here in the upper orbit.
The area also has one of Delhis most distinctive markets. Jor Bagh market is home to shops such as Pigpo and Steak House. While the former is a pork connoisseurs delight,the latter sells all those food items one dreams of. Several varieties of cheese and meats,chocolates and creams,condiments and seasonings,the shop has it all and more. Its a shopping paradise for expatriates as well as Delhiites who like the good life and can afford living it.
That is the key this area is not for the shallow-pocketed. Jor Bagh is one of Delhis most expensive residential areas. While builders are breaking down older bungalows to make apartment homes spread over three to four floors,property prices still remain in the higher zone. If you want to know the rate of property here on a per sq ft basis,you can forget about it, says estate agent Sanjeet Sharma. There are several builder floors available in the area. Depending on the builder,a 3-BHK can cost between Rs 10 crore and Rs 12 crore. A bigger 4-BHK apartment floor can sell for anything between Rs 12 and Rs 16 crore, he adds.
Sharma also feels that it isnt just multi-national corporations and expatriates who make a beeline for Jor Bagh. There are several sales,I have overseen involving people from Chandigarh. Yes,this area is expensive,but for those with the money,it is a perfect location. Manish Bhatia of Bhatia Associates,however,feels that most homeowners look to sell or lease their properties to MNCs and expatriates as they feel the homes will be better maintained.
He says that a number of apartments are coming up for those looking to move to such a prime location. However,bungalows and kothis will always hold pride of place. We recently sold a bungalow spread over 475 sq yd for Rs 55 cr 8211; thats not too expensive. People would even go for a single room on the top floor of a kothi. With all the necessary amenities,these can be rented for Rs 35,000, he adds.
If you are looking to make a statement with just your address,Jor Bagh makes the perfect and most distinctive calling card for those with the cash.
