Project Watch: Valmax Constructions' Swastik Apartments at Janakpuri

Janakpuri is one of the oldest and sought after residential colonies in Delhi, known for the standalone premium homes and the lush green parks in the area. Keeping in mind the ever growing popularity of Janakpuri, Valmax Constructions has launched its project, Swastik Apartments which is an amalgamation of 1BHK, 2BHK and 3BHK apartments.

The project

The residential project, Swastik Apartments is a mix of 40 ready-to-move-in apartments with size ranging from 350 sq ft to 950 sq ft. Launched in March 2013, the project rests on 809.37 sq mt (0.2 acre) land and has top-of-the-line specifications including landscaped gardens, that sets it apart from the other projects in the area.
The apartment building boasts of hi-tech specifications of quality construction and architectural designs, all for the comfort of its residents.

The builder

Valmax Constructions, launched in 2000, has moved on to become a developer after making its name as a real estate consultant. The Delhi-based developer is an upcoming player and has built two projects in Delhi so far. Swastik Apartments being the first, it's second project is in Jaunapur, which also has 1BHK, 2BHK, and 3BHK apartments.

The locality

Janakpuri, situated in west Delhi, is prominently a Punjabi area. This area's development began in 1970s when the Hindu and Punjabi refugees from Pakistan started making this their home. Here are some advantages of this locality:

• Connectivity: Connected by two Delhi Metro stations—Janakpuri East and Janakpuri West and a network of private buses and low-floor buses
• Commercial centre: District Center Janak Puri is home to PSUs, banks, energy companies and regional transport office
• Healthcare centres: Mata Channan Devi Hospital, Deen Dayal Upadhyay Hospital and Janakpuri Super Specialty Hospital
• Green surroundings: 100 parks in the colony
• Hotel: Five-star hotel Picaddily is in the vicinity along with other famous restaurants
• Educational centres: Bharati College, Maharaja Surajmal Institute Of Technology, Narayana IIT Academy, Sri Chaitanya

Infrastructure and future prospects

More residential projects are coming up in Janakpuri, creating more demand and sale activity in the area. As the area is well-located with key market areas, shopping complexes and even leisure spaces around, the residential real estate market of the area is mostly positive. However, with improving connectivity and importance, the capital value of apartments in Janakpuri is expected to appreciate by 12-15 per cent annually.

Price and comparison

A 1BHK plus one terrace of 350 sq ft apartment is priced at Rs 20 lakh and a 2BHK plus two terrace apartment with a size of 641 sq ft is priced at Rs 34.5 lakh while a 3BHK plus three terrace apartment is priced at Rs 45 lakh. All three categories of apartments are being differently charged per square feet area ---Rs 5,714 per sq ft for 1BHK, Rs 5,384 per sq ft for 2BHK, and Rs 4,736 per sq ft for 3BHK. Interestingly, the larger apartments are charged at lower rates making them better bets.

The construction of Swastik Apartments is complete and ready for possession. (PropTiger)

PropTiger.com's Verdict

Overall recommendations
For those looking to a buy a property in Delhi, the project offers an opportunity. This is best suited for single or married young working professionals who work in Delhi.