South Delhi Sees Significant Rise in Luxury Independent Floor Prices

New Delhi, Feb 16 (PTI) South Delhi's upscale residential colonies have witnessed an average annual price rise of 22-34 per cent last year for independent luxury floors because of strong demand and lower supply, according to a report.

Golden Growth Fund (GGF), a Category-II real estate-focused Alternative Investment Fund (AIF), on Monday released a report on South Delhi's residential market. The report showed that the price of independent floors rose 25-34 per cent in Category-A colonies.

Some of the Category A colonies are Chanakyapuri, Golf Links, Jor Bagh, Shanti Niketan, Vasant Vihar, Anand Niketan, and Panchsheel. For a 2,500 sq ft floor in category A colonies, the price has risen from Rs 10-19 crore in 2024 to Rs 14-25 crore in 2025. Similarly, for a 6,000 sq ft floor, the price has risen from Rs 19-45 crore in 2024 to Rs 25-55 crore in 2025.

Ankur Jalan, CEO of Golden Growth Fund (GGF), said, 'The persistent low-supply and high-demand dynamics in south Delhi continue to drive strong price appreciation for independent floors.' In the category-B south Delhi colonies, the rates rose 22-26 per cent.

Some of the Category B colonies are Gulmohar Park, Anand Lok, Defence Colony, Neeti Bagh, Chirag Enclave, and Greater Kailash. For a 2,500 sq ft floor, the price has risen from Rs 7-10 crore in 2024 to Rs 9-12.5 crore in 2025. Similarly, for a 3,200 sq ft floor, the prices have risen from Rs 11-16 crore in 2024 to Rs 14-19 crore in 2025.

The Municipal Corporation of Delhi (MCD) has divided all colonies of Delhi into eight categories -- A, B, C, D, E, F, G, and H. Circle rates, property tax rates, and stamp duty charges for property registration are based on these categories.

The AIF is focused on real estate investments in south and Lutyens' Delhi. This focus highlights the strategic importance of these areas in the Delhi real estate market, driven by their prime locations and the high demand for luxury properties.