South Delhi independent floor prices double in just 3 years

According to the classification of colonies by the Municipal Corporation of Delhi (MCD), Category-A colonies in Delhi include Vasant Vihar, Vasant Kunj, Neeti Bagh, Shanti Niketan, New Friends Colony, Anand Niketan, Chanakyapuri, Greater Kailash, Panchsheel Park, Gulmohar Park, and Green Park, among others. These are characterised by high property values and are typically the most sought-after residential locations.

Ankur Jalan, CEO, GGF, said that south Delhi is currently the most premium real estate market in the national capital region (NCR), with per sq ft rates in Category-A locations ranging between Rs 60,000-Rs 90,000, and Category-B locations ranging between Rs 36,000-56,000, depending on the floor and the colony.

“With growing interest from start-up founders and businessmen, south Delhi has emerged as a destination with privacy and customised spaces for the ultra-rich. Its connectivity to the office hubs in Gurugram and Noida and to the airport adds to its appeal. The excellent return on investment is another factor that has added to the growing interest,” Jalan said.

Between June 2022 and June 2025, in Category-B colonies – which include Defence Colony, South Extension, Anand Lok, and Andrews Ganj, among others – the average price for a floor of up to 2,500 sq ft has risen by approximately 70 percent, from Rs 5-6.5 crore to Rs 8.5-11 crore; for a 3,200 sq ft floor, the price has risen approximately 64 percent, from Rs 8-11 crore to Rs 13 -18 crore.

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Jalan said that the redevelopment potential of south Delhi is worth Rs 5.65 lakh crore across 42 MCD regulated colonies, with plots (occupied and vacant) in Category A and B colonies alone accounting for over Rs 5.35 lakh crore.

“HNIs, NRIs, and family offices, who earlier invested in local properties without the cushion of compliance and safety, are investing in AIFs that in turn invest in such colonies. With returns as high as 18-20 percent without the hassle of maintenance, AIFs have opened up a new avenue for these investors,” he said.