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Delhi- Once Capital of Mughals, is home to several high-net-worth individuals. While most call Lutyens’ zone their favourite Pin Code, other areas that are equally posh and expensive are mostly situated in South Delhi. Here are Delhi’s top-most expensive areas along with their average property prices. Also, we look at why housing demand has historically been aggressive here despite sky-rocketing prices.
Delhi, on average, houses 30 billionaires, second only to Mumbai. It is, therefore, not surprising that you can find some of the most desired and expensive areas in Delhi. Properties for sale in these areas are few due to exorbitant pricing and saturation of land parcels. However, you may find properties on rent and/or even in the secondary market. We have compiled a list of some of the poshest and most expensive areas in Delhi.
Among the several expensive locales in Delhi, including Chanakyapuri, Khan Market, Golf Links and Aurangzeb Road; Rajesh Verma, a Delhi-based realty broker, rates Defence Colony as the most preferred expensive locality in Delhi. Home buyers prefer the locality due to sound connectivity and improved infrastructure.
Jor Bagh
Located near a Mughal mausoleum- Safdarjung’s Tomb, Jor Bagh has all the ingredients to be one of the most dearly priced yet popular localities in the National Capital of India. An upscale neighborhood, this area is home to renowned personalities, including politicians, ex-ministers, and lawyers. Furthermore, shopping complexes, proximity to the metro station (Jor Bagh Metro) and better transport connectivity have ensured a good livability quotient. With 3 BHK configurations being the most popular in this locality, buy rates can vary between Rs 12 crore and Rs 30 crore. Monthly rentals in the area start from Rs 25,000.
Shanti Niketan
Initially an exclusive colony only for government employees, Shanti Niketan is a sought-after address today. The locality is close to high-end localities, such as Chanakyapuri, Vasant Vihar and Greater Kailash. Having a high livability index, Shanti Niketan houses some of the top industrialists within its vicinity. The locality is within walking distance from Sir Vishweshwaraiah Moti Bagh Metro Station on the Majlis Park-Shiv Vihar Pink Line. As per Mr Verma, the property values here are around Rs 7-8 crore for a 4 BHK unit.
Gulmohar Park
With an average capital value of Rs 30,500 per sq ft, Gulmohar Park is another upmarket locality in South Delhi. Spread over 43 acres, the micro-market has some of the best recreational hubs. It is only three km away from an upcoming station at INA on the Delhi-Alwar RRTS, which will improve connectivity with NCR and Alwar. Further, ample greenery also adds to its attraction. As per market, a spacious 3-4 BHK independent property in the area can cost around Rs 5-8 crore. The low density is also a growth driver for the area.
Panchsheel Enclave
Another expensive locality in Delhi, Panchsheel Enclave flaunts spacious residential units – 3 BHK, 4 BHK and 5 BHK. The area is well-connected via road and is close to the Hauz Khas Metro Station. Additionally, the Ambedkar Nagar Station at about four km on the under-construction Delhi Metro Silver Line will connect it to Aerocity and Tughlakabad. Average property prices for a 3 BHK configuration here range between Rs 2 crore and Rs 8 crore. The configuration is the most popular in Panchsheel Enclave, with over 80 percent of searches done in the last six months.
Hauz Khas Enclave
Hauz Khas Enclave, one of the most happening areas in Delhi, is next on the list with buy rates prevailing around Rs 2-8 crore based on the configuration of the apartment. The place has picked up its spot in the top 10 expensive localities in Delhi due to the presence of palatial bungalows, green neighbourhood and proximity to ever-buzzing party destination – Hauz Khas Village. Renowned educational institutes such as IIT Delhi and NIFT Delhi are within a three km radius of the housing belt. The area is well-connected to the rest of the city, too.
Jangpura Extension
Jangpura Extension attracts Delhi’s elite and is among the costliest residential areas of Delhi. Located in South Delhi it consists of ample 3 BHK independent builder floors. Here, average property values hover around Rs 29,300 per sq ft (as of January 2023). The area is served by Jangpura Metro Station on the Magenta Line (Kashmere Gate-Raja Nahar Singh) of the Delhi Metro. Hence, properties here have historically commanded a higher ‘ask’.
| Locality | Educational institutes | Hospitals | Shopping centres |
|---|---|---|---|
| Jor Bagh | Blue Water Elementary School, Bright Pathways Global School, Indian Public School | Arya Bhawan, Safdarjung Hospital, Aashlok Hospital | DLF South Square, Prithviraj Market, Khan Market |
| Shanti Niketan | Sadhu Vashwani international school, Mount Carmel School, Vidya Niketan Public School | Nova Global Healthcare, Charak Palika Hospital, Siri Shiv Chaitanya Hospital | Shanti Niketan DDA Market, Gram Bharat, Shop Ghumakkad |
| Gulmohar Park | Kalashram Kathak School, Father Agnel School, Nigam Pratibha School | Max Multi Speciality Centre, Manav Medicare Centre, Rosewalk Healthcare | Gulmohar Shopping Complex, Aashirwad Commercial Complex, Ansal Plaza |
| Panchsheel Enclave | The Pinnacle School, Kids education centre, Vikel Educational Centre | Rosewalk Healthcare, Ayu Health Hospitals, Adarsh Hospital | Gud India, Panchsheel Vihar, MGF Metropolitan Mall |
| Hauz Khas Enclave | Indian School of Public Policy, NIFTXplore | Sarthak Hospitals, Focus Hospital, Healing Touch Hospital | Hauz Khas market, Market Place, Tiwari Enterprises |
| Jangpura Extension | Shri Ram Global Pre School, St Paul’s Diocesan School, Shemrock Flowers | SDM Charitable Medical Centre, Gurunanak Healthcare, 301- MCD Hospital | Bhogal Market, Kidz gallery, Modi Store |
| Green Park | Prometheus School, Jain Modern Public School, Gargi Sarvodaya Kanya Vidyalaya | Mohinder Hospital, South Delhi Medicos, Aashlok Hospital | Select City Walk, MGF Metropolitan Mall, DLF South Square |
| Sarvpriya Vihar | Step by Step Nursery School, The Mother’s International School | Max Multi Speciality Hospital, All India Skin and Hair Hospital | DLF Avenue, Select Citywalk, MGF Metropolitan Mall |
| Greater Kailash I | GD Goenka School, K R Mangalam, Phoenix Hospitals | Talwar Hospital, Fortis La Femme, Netrayatan Hospital | G K More, Happy Living, M Block Market GK1 |
| Lajpat Nagar III | SDMC Lajpat Nagar III School, Shahid Ajit Singh Public School, Hemnani Public School | Moolchand Hospital, SDMC Lajpat Nagar Colony Hospital, IBS Hospital | 3C’s Mall, Shopcurry, My Connaught Place |
Green Park
Established in early 1960, Green Park is one of the affluent and posh neighbourhoods in South Delhi. Divided into two parts – Green Park and Green Park Extension, the housing belt hosts markets with several popular eating joints and shopping complexes. Proximity to green land-Deer Park, District Park and Rose Garden have ensured a healthy livability quotient here. The average capital value in Green Park hovers around Rs 22,900 per sq ft . Average monthly rentals start from Rs 32,000 and can go up to 1.6 lakhs depending on the configuration of the apartment.
Sarvpriya Vihar
Located in the heart of South Delhi, Sarvpriya Vihar boasts of easy access to all parts of the National Capital Region (NCR) via the metro and other means of transport. Additionally, plans to construct two multi-modal integration projects at IIT and Panchsheel Metro stations would further improve connectivity to the area. The average buy rate in the locality for a 3 BHK unit ranges between Rs 1.5 crore and Rs 7.3 crore . Monthly rentals start at Rs 30,000.
Greater Kailash I
Considered as one of the top three localities in Delhi for a very long time in the past, Greater Kailash I is the next name on this list. The average capital value recorded until January 2023 is around Rs 19,300 per sq ft and the monthly rentals start at Rs 16,000. Increasing density could be a contributing factor behind the recent dipping popularity of the locality. Nevertheless, it is still a dream place for buyers who are looking for luxurious bungalows, independent houses and builder floors.
Lajpat Nagar III
Lajpat Nagar III is the home to several high-net-worth individuals and Non-Resident Indians (NRIs). The locality lies south of South Ex and is a prominent location in New Delhi. Average property values in the locality range from 1.8 crores to Rs 5.5 crore for a 3 BHK unit (Source: INVESTO). The area enjoys easy connectivity to other major parts of the city and boasts of quick access to some of the known healthcare institutes and educational centres other than recreational and leisure zones. The Lajpat Nagar shopping market in the vicinity gives it a pleasant appeal.
So, here is a detailed list of the 10 most expensive areas in South Delhi. These are the most sought-after to live in due to the tranquillity, excellent infrastructure, metro connectivity, and state-of-the-art facilities.
