Top 7 Posh Areas in Delhi: Price Trends & Real Estate Insights 2024
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Best 7 Posh Areas in Delhi

Apart from being the capital of India, Delhi is also a hub for fashion, employment, education, and politics. Situated in the heart of the country, the city has a rich cultural heritage and a reputation for being one of the best cities in India to buy property. Home to over 20 billionaires, many expensive places in Delhi have costly homes and ample facilities. Over the last few years, Delhi and NCR have also witnessed a massive increase in their real estate prices.

If you want to buy property in a posh area in Delhi, here is a look at the top seven richest areas in Delhi with their price trends.

  1. Prithviraj Road

    It is one of the premium areas in Central Delhi with the Lutyens’ Bungalow Zone, Lodhi Gardens, Race Course, Delhi Golf Course, Safdarjung Tomb, etc. Real estate on the Prithviraj Road is the costliest in Delhi,it has embassies of Mexico, Venezuela, and Spain.
  2. Defence Colony

    Centrally located in the city, it is one of the most expensive places in Delhi,with seamless metro connectivity and easy access to public transport, hospitals, and other amenities. The area is also famous for its bakeries, restaurants, and cafes.
  3. Model Town

    Developed by DLF Group in the 1950s, Model Town is a posh area in North Delhi. The area has several luxurious flats and duplexes that attract homebuyers looking for a property in an affluent locality.
  4. New Friends Colony

     Another posh area in South Delhi, New Friends Colony is divided into two parts—East and West. Also known as NFC, its property rates are sky-high. It is also home to the super-elite class of society, who have lived there for generations. Moreover, it is near various posh eateries, markets, pubs, and restaurants.
  5. Greater Kailash

    Also known as GK, this posh area in Delhiis divided into two zones – GK-I and GK-II. The area is famous for its affluent crowd and leading retail brand stores. M Block Market, the most popular market in Delhi, houses some of the most expensive salons, lounges, and cafes. Real estate here is luxurious, and almost all facilities are at your fingertips.
  6. Vasant Vihar

    One of the richest areas in Delhi, Indira Gandhi International Airport is one thing that makes it luxurious. The first-ever PVR is located in Priya Market, Vasant Vihar. With several places and restaurants to hang out, it also has several nearby college campuses, including JNU, DU South Campus, and IIT Delhi.
  7. Pandav Nagar

    Named after Mahabharata, Pandav Nagar is a posh area in East Delhi, with most of the population comprising white-collar workers and government officials. The area has seamless connectivity to almost all parts of the city. Some of the major attractions in the vicinity include Gurudwara Singh Sabha, Akshardham Temple, and Shiv Hanuman Mandir.

Most expensive areas in Delhi: Real estate prices

While planning to purchase a house in a posh area in Delhi, consider the factors affecting real estate prices in these localities:

  • Supply and demand of high-end properties
  • Location and proximity to cultural attractions, transportation hubs, and business districts
  • The presence of expatriates, affluent residents, and diplomats
  • Infrastructure development affects overall quality of life
  • Security and exclusive environments

Price Trend of Posh Areas in Delhi

Ever since the Delhi government dropped its property circle rates, the demand for independent homes like cottages, bungalows, and villas has increased significantly. Discounted rates entice many home buyers looking for a luxurious home in a posh area in Delhi.

Even though sales decreased due to the pandemic, buyers are still active in purchasing luxury homes. As the demand increases, the real estate prices in expensive places in Delhi will also rise. So, this is the right time to purchase your dream home and see its value boom in the next few years.

Infrastructural Developments in Delhi

Here is a look at the recent infrastructural developments in Delhi:

  • The Ministry of Finance has recently approved three upcoming Delhi Metro projects for Rithala to Narela, Inderlok to Indraprastha, and Lajpat Nagar to Saket G-Block.
  • After the construction of the Aerocity-Tughlaqabad Silver Line corridor, the Tughlakabad Metro Station will become an interchange station, improving metro connectivity.
  • Two new flyovers between Anand Vihar and Apsara Border and Raja Garden and Punjabi Bagh Flyover are coming soon.
  • The Environment Minister of Delhi has decided to use 21 acres of land in Holambi Kalan, Delhi, to create the first e-waste eco-park in India.

Those looking to buy a house in any of the localities in Delhi can apply for a Home Loan from Kotak Mahindra Bank. Kotak Home Loans are available at attractive interest rates and extended repayment tenures. Apply Now!

Read Also : Doris Delhi : IGRS Delhi - Property Registration in Delhi

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.