Located at the border of east Delhi, Indraprastha or IT extension witnessed a boom in the real estate after the announcement of Preet Vihar metro which is just 3 km away, but it took more than two years for the construction due to heavy traffic snarls. When property prices shot up in IP Extension after January 2010 with, the metro started rolling there. However, the locality is planning to have its own metro station. It should be the second game changer for the locality. Anyways, time will tell about it. However, given the earlier trends, it definitely could be. Due to the favorable location and seamless connectivity by public transport, IP Extension has a healthy rental demand.
IP extension has an elemental distribution of Properties in Delhi. More then 90 percent of the backlog available for sale is for multistory buildings with the rest being independent floors. The development of new residential projects development has been stagnant due to lack of land parcels. Therefore, almost the whole inventory is available only for resale and is ready-to-move-in. Few of the under construction are available for fresh sale and are result of the redevelopment of independent houses.
Without any doubt, Indraprastha Extension enjoys a well-developed social and physical infrastructure. If we talk about infrastructure then Undoubtedly, IP Extension has a well-developed social and physical infrastructure. While it is served almost two metro stations equally- Anand Vihar and Preet Vihar. It is also very well connected with the road links. Located just along NH-24, IP Extension is easily connected to South and Central Delhi, Ghaziabad. There is an entirely developed network of educational institutions, healthcare facilities and retail outlets.