Vasant Vihar is one of the most affluent localities not only in Delhi but also across Asia. There are three main streets in Vasant Vihar namely Munirka Marg, Poorvi Marg and Paschimi Marg. These literally form a rough triangle that encloses much of the neighbourhood. The area is primarily residential and when first planned consisted of six blocks named A,B,C,D,& F.
Properties in the area are sold for exorbitant prices and are always in high demand. Cooperative Housing is also present in the locality. Generally, large sized units and plots are available having 3, 4 and 5BHK houses. Apartments are available for sale as well as rent.
The locality offers the experience of a gated community and thus, safety has never been a major concern here. Both owners and tenants belong to the elite class. The locality is also known for its greenery and pollution-free environment as it is surrounded by green belts.
It has quick access to markets, with each block having a market of its own, malls, banks, schools, medical facilities, airport and an upcoming metro station. One of the most sought after market in the vicinity is the Basant Lok Market, which is popularly known as PVR Priya. The airport is just 6-km while the railway station is located at a distance of 14 km. Further it is just a 15 minutes’ drive to Gurgaon thus, making it a preferred locality for many professionals working in Guragon OR Gurugram.
Several reputed educational institutes such as JNU, NIFT, IIT etc are also situated in close proximity to the locality making it a sought after area for students and research scholars.
Easy accessibility to Gurgaon and other parts of Delhi.
Availability of good social infrastructure
Proximity to IGI Airport.
Property prices are very high.
History Of Vasant Vihar – It was originally developed in 1960s by retired Government of India
officers, later developed as a posh residential locality like Air india And Indian Airlines Colony due to its proximity to diplomatic enclave of Chanakyapuri.
Locality Of Vasant Vihar – The four main streets in Vasant Vihar are Munirka Marg, Vasant Marg, Poorvi Marg and Paschimi Marg, literally Eastern and Western Street. These form a rough triangle that encloses much of the neighbourhood. The neighbourhood is primarily residential and when first planned consisted of six blocks named A to F, with each block having its own local market. Vasant Vihar has several parks in every block. Apartments in new emerging luxury buildings in Vasant Vihar have in the past sold at prices ranging from ₹5 Crore to ₹20 Crore (USD 740,000 to USD 3 million).
Economy – The corporate office of Hero MotoCorp, formerly Hero Honda, is at Basant Lok in Vasant Vihar. P.V.R. Cinemas has its origin in Priya Cinema in Vasant Vihar. In 1996, Vasant Vihar witnessed the opening of India’s first McDonald’s restaurant, it was also the first McDonald’s restaurant in the world to not serve beef and pork based products.