Located in the northwestern part of Delhi, Pitam pura is an upscale residential area that was developed by the Delhi Development Authority as a planned neighbourhood in the early 1980s. The name was derived from the 400-500 year old Pitampura village, which is located near Madhuban Chowk. The famous Pitampura TV Tower was built in 1988, and the Dilli Haat (INA market) is also found nearby.
This locality is bordered by the Outer and Inner Ring Roads, Rohtak Road and the National Highway (NH-1). Pitampura consists of the Pitampura Ward and Pitampura North Ward, coming under the Rohini Zone of the Municipal Corporation of Delhi. A large number of the residents in this locality are government servants from the central administrative services. Being an exclusive residential locality with various retail and commercial centres, the Pitampura real estate is experiencing a boom in the past few years.
Transport & Accessibility
The locality has very good connectivity as the Delhi Metro’s Red Line covers 3 stations in this locality; namely, Kohat Enclave, Pitampura and Netaji Subhas Place stations. Pitampura is also situated very close to many popular localities of Delhi, which has definitely been an added advantage for the sale of flats in Pitampura as such. Some nearby localities include Model Town, Rohini, Shalimar Bagh, Ashok Vihar, Lawrence Road and Punjabi Bagh. There are several housing colonies in Pitampura including:
- SD-Tower apartments – Largest HIG flats built by the DDA, situated very close to Netaji Subhas district centre and the TV Tower
- Vihar – considered to the largest colony in Pitampura
- Ajay Apartments
- Lok Vihar
- Apna Ghar Society
- I.D.P.L. Colony
- Engineer’s Enclave
Education, Shopping & Entertainment
Due to its growing popularity, there is a constant demand for property in Pitampura. Some of the educational institutions found here include Keshav Maha Vidyalaya, Sri Guru Govind Singh College of Commerce, and Kasturba Polytechnic for Women, Magnum Opum School of Business Studies, Apeejay School, Maxfort School, Delhi BAL Bharathi Public School, Guru Nanak Public School and KIIT World School. It is very well-developed with regards to shopping and retail outlets, which is one of the major causes for the highly-priced flats in Pitampura and surrounding localities. It has many shopping malls and retail outlets offering world-renowned designer brands and labels including Pacific Mall, Gold Souk, PVR, M2K Cinemas and Fun Republic.
Dilli Haat, an open market found in Pitampura is a one-of-its-kind project developed by the Delhi Tourism and Transport Development Corporation.
It showcases tribal arts & crafts, music, cuisine and the essence of street culture. One can find everything from paper toys, balloons to popcorn, etc. It is a major tourist attraction and also for sale of Pitampura property.
Some of the upcoming residential projects in Pitampura include Gujarat Apartment, Triveni Apartment, Krist Jyothi Apartments, MP Enclave, Ghalib Apartment, Siddharth Apartment, Subhavna Niketan, Tarun Enclave, Pundrik Vihar and Gurunanak Apartments. The highest locality price of residential multi-storey flats for sale in Pitampura is around Rs. 21,500 per square foot and the lowest price is around Rs. 10,960 per square foot. The average is around Rs. 16,220 per square foot, and the return on investment has witnessed an increase of 12% q-o-q in the month of June 2013. The average sale price for a commercial office space is around Rs. 24,110 per square foot. Good infrastructures, civic and socio-amenities are the main reasons for the booming real estate market of Pitampura.