Located in South Delhi, Saket is a well-planned residential colony. It is one of the NCR's upcoming and prominent suburbs. 'Saket' was another name for the ancient city of Ayodhya. It is known for its large sports complex, developed by the DDA in the 1990s, which covers an area of 18.5 acres. Being in close proximity to areas like Noida, Gurgoan, Ghaziabad and also the Indira Gandhi International Airport, has made Saket a prominent locality destination, which has caused great demand for property in Saket. Primarily a residential area, Saket consists of Press Enclave and many residential blocks named from A to N. These blocks have a mix of multi-storey apartments, row houses and two-storey apartments. Of these, blocks B, C and D are Golf View Apartments, situated near the DDA Golf Course.
Saket has very good transport facilities and is easily accessible by both roadways and metro line. This locality is well-connected through the Yellow Line of the Delhi Metro. The 2 major metro stations found in this locality are the Saket-Malviya Nagar station, which is on Press Enclave Road, and the other is near the Mehrauli-Badarpur Road. Apart from this, Saket has very good bus facilities connecting major parts of the city. Good connectivity has indeed been a boon for the upcoming Saket projects and has increased the sale of the same.
Saket contains many localities and sub-localities. They are:
• Hauz Rani
• Malviya Nagar
• Khirki
• Sheikh Sarai Phase II
• Kalu Sarai
• Lado Sarai
• Madangir
• Begumpur
• Mehrauli
• Khanpur
• Neb Sarai
The famous Saket Sports Complex boasts various facilities for cricket, tennis, badminton, gym, athletics, aerobics, swimming pool, table tennis and squash. Apart from this, there are many renowned schools and colleges in this area. Some of them include Apeejay School, Gyan Bharti School, Amity International School, Birla Vidya Niketan, Red Roses Public School, New Green Fields Public School, Amrita Vidyalaya, Kendriya Vidyalaya and Vidya Niketan Senior Secondary School. All these factors have made Saket property attractive as compared to other areas.
Saket is also rapidly evolving as a commercial hub, as there are clusters of retail outlets and office spaces in the community centre. It has emerged as one of the most expensive shopping and entertainment centres of the city. Being in close proximity to other major residential areas like Malviya Nagar, Sheikh Sarai, etc. has increased the shopping malls and retail outlets near this locality. Some of the shopping malls found here include The Square One Mall, Select City Walk, the DLF South Court, The Courtyard Mall, DLF Place, Lighthouse 13, the MGF Metropolis, etc. These factors play a major role in bringing up the value of Saket builders and properties.
Some of the residential flats in Saket launched in the surrounding areas include Anupam Apartment, Golf View Apartments, Ekta Apartments, Harmony Apartment, Shri Sai Shyam Properties, Solar Enterprises, Ashiana Housing Society, Gold Leaf Services, Vikas-Sheel Apartments, Gujarat Apartments, Arora Properties, DLF Capital Green Phase III, Priya Properties & Constructions, Diamond Estates and J.M.B. Estate. The highest price of residential multi-storey flats for sale in Saket is around Rs. 18010 per square foot, and the lowest price is around Rs. 14990 per square foot. The average is around Rs. 16490 per square foot, and the return on investment has witnessed a decrease of 14% q-o-q in June 2013. The average sale price for a commercial office space is around Rs. 26480 per square foot. Being an upscale locality, Saket has very high property values which are expected to remain high in the near future.
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