Delhi is not only India’s capital city; it is also a hub for politics, education, employment, and the fashion industry. Due to the oversupply of land plots, there aren’t many homes for sale in Delhi’s upscale residential zones, however, there may be some properties that can be rented or post-redevelopment. In this article, we will take a look at the Top Posh areas in Delhi and their price trends.
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Delhi and Its History
Delhi the capital of India has historical significance from the Marathas to the Mughals. It is mainly known for the Taj Mahal but also has many other key aspects, like Major Universities, IT hubs, Great food and Marketplaces.
Delhi is the heart of our country, rich in culture and heritage it is also a great place to live. Delhi has established its reputation as one of the best places to invest by providing excellent returns.
Delhi is the residence of 30+ billionaires, next only to Mumbai with 50+, and has numerous upscale neighbourhoods. Therefore, it should not come as a surprise that New Delhi boasts a number of the most costly and sought-after localities.
The biggest price increase in the nation, 10%, was seen in Delhi-NCR. The rise in housing prices is attributed to increased bank rates as well as rising input costs.
However, due to millennials’ increasing need for housing in urban centres, demand has been strong during this time.
Recent Infrastructural Developments in Delhi
The recent infrastructural development in Delhi can be the solution to one of the major problems in the city i.e. Traffic congestion.
Flyover in Delhi: To relieve traffic congestion in Delhi, 2 flyover constructions lately received a green light. The new flyover connecting the Apsara Border and Anand Vihar as well as the New (Enhanced) Corridor linking Raja Garden and Punjabi Bagh Flyover received permissions, and construction is scheduled to be finished in 18 months.
Also, the upcoming Delhi-Mumbai Expressway will boost connectivity resulting in increasing demand for real estate in Delhi.
Metro in Delhi: The Rithala – Narela metro route, the Saket G-Block to Lajpat Nagar, and the Inderlok to Indraprastha metro projects are three planned Metro Phase IV projects in Delhi that have just received approval from the Project Investment Company of the Centre, which reports to the Finance Ministry.
The Aerocity to Tughlaqabad Silver Line corridor’s intended subterranean segment will shortly start to be built, and the Tughlaqabad subway station will thereafter act as an interchange stop.
Top 10 Posh Areas in Delhi
Properties in Delhi that are considered “luxury” are currently far more common in the resale or secondary market than new developments, either because of the locality or the price.
To find luxury properties at far lower initial rates than in the capital, prospective property buyers typically relocate towards the National Capital Area for new builds.
Here are the Top 10 Posh Areas in Delhi listed below.
Vasant Vihar
Why Vasant Vihar
Vasant Vihar is one of the most prominent, luxurious and posh areas in Delhi. The first PVR theatre is in Vasant Vihar’s known Priya market. Celebrities, corporate magnates, and affluent families call Vasant Vihar home for a reason.
Also with top restaurants and marketplaces, this area is near reputed college campuses like JNU, and IIT Delhi.
Property Prices in Vasant Vihar
This posh area in Delhi has many real estate development projects. The property rates start from Rs. 10,200/sq. ft and can go up to Rs.34,444 per sq. ft.
The monthly rent at Vasant Vihar starts from Rs.12,000 and may go up to Rs. 15 Lakh.
Connectivity in Vasant Vihar
One of the initial key motivating elements for Vasant Vihar is its proximity to IGI airport (Indira Gandhi International Airport).
Infrastructure in Vasant Vihar
Many famous places are near Vasant Vihar like DLF Promenade, Ambience Mall, DLF Emporio, Uttara Swami Malai Temple, Delhi Public School (RK Puram), and many more.
Jor Bagh
Why Jor Bagh
Many prominent politicians and actors from Bollywood, like Sonam Kapoor, and Kapil Sibal, reside in this affluent area of central Delhi. This posh neighbourhood has lots of greenery which makes it a more livable locality in Delhi.
Property Prices in Jor Bagh
The real estate property prices in Jor Bagh start from Rs. 20,200/sqft, this goes up to Rs. 70,099/sq.ft.
The monthly rental price in the Jor Bagh starts from Rs. 35,000 for 1BHK to Rs. 6 lakhs.
Connectivity in Jor Bagh
This posh area in Delhi is in proximity to Safdarjung Airport.
Infrastructure in Jor Bagh
Jor Bagh and Humayun Tomb are close to popular places, Khan Market, Lodhi Gardens and Safdarjung Tomb. Also, the Prime Minister’s Estate and Race Course are near Jor Bagh.
Prithviraj Road
Why Prithviraj Road
It is known as one of the premium and posh areas of Delhi. Unquestionably one of Delhi’s most exclusive neighbourhoods is Prithviraj Road, which is situated in the centre of the city.
The homes on Prithviraj Road are one of the priciest in the city because they are a section of the elite LBZ (Lutyens Bungalow Zone). A tree-lined stretch of opulent homes owned by notable individuals like L.K. Advani and Atul Punj may be seen on Prithviraj Road.
Mexico, Spain, and Venezuela all have embassies in the Prithviraj Road neighbourhood, making it one of Delhi’s poshest neighbourhoods with the top real estate values.
Property Prices in Prithviraj Road
The real estate price starts at Prithraj Road from Rs.39,000/sq.ft to Rs. 4,60,980/sq. ft.
The monthly rent at this luxurious location starts from around Rs.1.5 lakhs to up to Rs. 8 Lakhs, per month.
Connectivity in Prithviraj Road
Prithviraj Road has Violet Line metro connectivity.
Infrastructure in Prithviraj Road
The Lodhi Gardens are on one side of this lovely boulevard in Central Delhi, and the Race Course, Safdarjung Tomb, and the Delhi Golf Course are on the other.
Also, prominent places like India Gate, Old Fort, Shangri-La Hotel and Claridge’s Hotel are close to Prithviraj Road.
Panchsheel Park
Why Panchsheel Park
Another luxurious and posh area in Delhi’s capital is Panchsheel Park. The neighbourhood is bordered to the east by Panchsheel Enclave, to the west by Hauz Khas, to the north by Asian Games Village, and to the south by Malviya Nagar.
In addition, the Panchsheel Club is part of this residential complex and provides a wide range of amenities like a terrace garden, café by the pool, deck areas and much more. Residential projects in the form of bungalows, standalone homes, and independent floors may be seen in this upscale region of Delhi.
Property Prices in Panchsheel Park
The property prices in this locality start from Rs. 12,778/sq.ft and go around Rs.83,333 per sq. ft.
The rental property rates start in this area from Rs. 50,000 to Rs.5.5 Lakhs per month.
Connectivity in Panchsheel Park
Panchsheel Park has connectivity to the Magenta subway route.
Infrastructure in Panchsheel Park
Hauz Khas Fort, Deer Park, Ansal Plaza, Siri Fort, and many more known places are in proximity to Panchsheel Park.
Greater Kailash
Why Greater Kailash
The region is well-known for having several top retail brands in addition to being home to the elite. Greater Kailash also referred to as GK, is a neighbourhood in South Delhi that is split into two regional zones: GK I and GK II.
It contains the M Block Marketplace, one of the busiest shopping areas in the city, where you can find fantastic cafes, restaurants, and salons.
Property Prices in Greater Kailash
The property rates in Greater Kailash start from Rs. 12,000/sq.ft which goes around Rs. 57,778/sq.ft.
The monthly rent in this locality starts from Rs.16,000 to Rs 4 Lakhs per month depending on the location and size of the property.
Connectivity in Greater Kailash
Greater Kailash has metro connectivity of the Violet Line and the Magenta subway line.
Infrastructure in Greater Kailash
The most prominent and famous places like Lotus Temple, Nehru Place, ISCON temple, Lady Shree Ram College and many more are near Greater Kailash.
Gulmohar Park
Why Gulmohar Park
Gulmohar Park is one of the posh areas in Delhi upkeep by DDA. Today, it is among the more tranquil areas of Delhi’s vibrant city.
The area is home to some well-known figures from Bollywood, including Amitabh Bachchan, eminent journalists, businesspersons, and other well-known figures.
Property Prices in Gulmohar Park
The area is known for its luxurious residences and property rates start from Rs. 11,984/ sq.ft and go around Rs. 1,91,980 per sq. ft. depending on the size of the property.
The Rent in this area starts from Rs.14,000 to Rs. 3 Lakhs per month.
Connectivity in Gulmohar Park
This location has connectivity to the Green Park Metro station.
Infrastructure in Gulmohar Park
Famous places like the NCUI auditorium, the NIFT fashion college, the South Extension market, the Ansal Plaza and many more are in close vicinity to Gulmohar Park.
Shanti Niketan
Why Shanti Niketan
Shanti Niketan was originally developed as a housing estate to house government workers, but now it is one of Delhi’s highly sought-after places.
Top entrepreneurs and other affluent groups frequent the opulent homes in Shanti Niketan because of its highly advantageous location, which places it among posh areas in Delhi’s residential districts.
Property Prices in Shanti Niketan
The property rates in Shanti Niketan start from Rs. 9,000/sq.ft and go up to Rs.88,980/sq.ft depending on the location.
The monthly rent at this posh location starts from Rs. 48,000 to Rs. 6 Lakhs per month.
Connectivity in Shanti Niketan
Shanti Niketan is in proximity to the Pink subway line metro.
Infrastructure in Shanti Niketan
This posh area in Delhi has many famous localities and places nearby like DLF Emporio, DU South College campus etc.
Hauz Khas
Why Hauz Khas
Hauz Khas is one of the most luxurious and posh areas in Delhi. The best thing regarding Hauz Khas is how well-connected it is to most other well-known parts of Delhi.
The neighbourhood primarily provides multistory and builder-floor homes in a range of sizes. It includes among the finest opulent and exquisite bungalows, all of which are encircled by green and stunning natural scenery.
Property Prices in Hauz Khas
The property price in Hauz Khas ranges from Rs. 11,098/ sq.ft to Rs. 68.800/ sq.ft. according to the size of the apartments.
The rent at this location starts from Rs. 12,000 to Rs. 2.5 Lakhs per month.
Connectivity in Hauz Khas
This area has magenta subway line connectivity.
Infrastructure in Hauz Khas
The popular Hauz Khas market, Mayfair Garden, AIIMs and many more places are nearby.
Safdarjung
Why Safdarjung
Many millionaires in Delhi live in Safdarjung. It is one of the posh areas in Delhi’s Capital. The area is well connected with the other parts of Delhi and also several educational and healthcare institutions as well.
Property Prices in Safdarjung
The property rate in this area starts from Rs. 14,666/ sq.ft and goes up to Rs. 70,777/sq.ft according to the location and size of the apartment.
The rental value starts from Rs. 16,000 to Rs. 2 Lakhs per month.
Connectivity in Safdarjung
The area has good connectivity to other nearby places and the Pink metro line proximity.
Infrastructure in Safdarjung
The posh location is connected to many prominent and popular places in Delhi like Hauz Kha’s marketplace and deer park.
Golf Link
Why Golf Link
Golf Links is a well-known area in Delhi that is close to Khan Market. Some wealthy families live here. It is considered as one of the posh areas in Delhi.
Vijay Shekhar Sharma, the founder of Paytm, just purchased a residence in this area of Lutyens Delhi for Rs 82 crores.
Property Prices in Golf Link
The property rate in the Golf link starts from Rs. 9,000/sq.ft and goes up to Rs.49,980/ sq.ft.
The monthly rent from this area starts from Rs.15,000 to Rs. 2.5 Lakhs per month according to property size.
Connectivity in Golf Link
The golf link area has great connectivity to the Violet metro line.
Infrastructure in Golf Link
The known places like The Oberoi, and Delhi Golf Club are in close vicinity of this area.
Delhi’s Real Estate Boom In 2023-24
Since the Delhi government announced a drop in the circular rate, inquiries for independent homes, such as villas, cottages and bungalows, have increased.
A 20% discount entices many purchasers who are on the fence. Even though sales had decreased as a result of the coronavirus epidemic, there were active buyers of luxury properties.
At the end of FY 2023, the developers will begin taking sales reservations for Midtown, a luxury high-rise residential project in Delhi.
RERA clearances are currently being obtained for the development. Eight million square feet will be constructed in total, with about 2.1 million square feet arriving in 2022 and the other six million arriving after the financial year 2024.
FAQs
| Which is the best residential area in Delhi?
Greater Kailash, Vasant Vihar, and Jor Bagh are the most preferred residential posh locations in Delhi. |
| Which is the most posh area in South Delhi?
Golf Link, Shanti Niketan, Jor Bagh, and Vasant Vihar are the most posh areas in south Delhi. |
| Which are posh areas in east Delhi for residents?
Preet Vihar, Yojana Vihar, and Hargobind enclave are the posh areas in east Delhi for residents. |
| Which are posh areas in west Delhi for a living?
Punjabi Bagh, Janakpuri, Kirti Nagar and Vikas Puri are the posh areas in west Delhi. |
