South Delhi’s luxury floor price surge up to 21 pc in Q2
New Delhi, Aug 11 (IANS) Despite the geopolitical tensions and slowing real estate demand across India’s top cities, South Delhi outperformed in the April–June quarter of 2026, with average prices of luxury independent floors rising 6 to 21 per cent year‑on‑year (YoY), a report said on Tuesday.
The report from category II real estate focussed Alternative Investment Fund Golden Growth Fund said Category A colonies saw 20–21 per cent growth, with 2,500 sq. ft. floors up 21 per cent on an annual basis to Rs 18–28 crore.
Some of the Category A colonies are Mayfair Garden, Panchsheel Park, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chanakyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, etc.
The 6,000 sq. ft. floors saw a 20 per cent surge to Rs 41–56 crore in the quarter. The report further said Category B colonies recorded a 10 per cent rise for 2,500 sq. ft. floors to Rs 9–12.5 crore, while 3,200 sq. ft. floors rose by 6 per cent.
Some of the Category B colonies are Chirag Enclave, Anand Lok, GK, Green Park, Gulmohar Park, Niti Bagh, Defence Colony, Safdarjung Enclave, Kailash Colony etc, the report said.
Ankur Jalan, CEO, Golden Growth Fund said that South Delhi’s residential market continued to demonstrate strong structural resilience and reflected the sustained demand amidst low supply.
“Premiumisation, redevelopment and increasing demand from HNIs and NRIs are supporting this momentum. With landowners increasingly opting for redevelopment and buyers seeking larger, better-designed homes in established locations, South Delhi is emerging as a strong market with long-term value potential,” Jalan said.
The geopolitical tension in West Asia is prompting NRIs and HNIs to increasingly shift their investment from the Middle East into the South Delhi real estate market to maintain safety of their investment while continuing to benefit from the continued rise in capital value and high rental potential, Jalan added.
Approximately 18,500 plots are available across the 42 Cat A and B colonies in South Delhi.
“The redevelopment potential of these colonies stands at Rs 6.5 lakh crore presenting a huge opportunity for project development,” the report noted.
—IANS
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