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Delhi Real Estate Price Trends

5 Comments   |   May 23, 2007    09:20am   |Contributed by Indian Realty News

Delhi is the national capital of India and also one of the hottest destinations for investors. One of the most proactive reasons for investor’s priority as such is due to its good connectivity with most of the cities in India other than the best connecting city to all international airports. The property prices in Delhi in the recent times have been quite exorbitant.

The recent sealing drive of illegal commercial properties in Delhi for instance had no effect on the property market as such. However, as traders panicked for alternate options, it did create a significant increase in property prices of commercial properties in the malls and other legally acclaimed retail outlets. Delhi’s Khan Market also been in the news recently for been the costliest retail locale in the world.

In the residential market segment, Delhi has been known to have made the most astronomical transactions where properties sell for millions. This trend though most common in the posh localities of South Delhi is now moving towards earlier less significant places like Dwarka. The rental values of residential properties like the apartments and independent houses are quite high. The corporate leasing and diplomats in the city are in a way responsible for the trend, as they opt for the high-end properties.

Commercial properties like the office spaces in particular are in much demand as every other company want to have their offices in the city, as Delhi has better edge over many other metros in infrastructure, availability of professional work force and connectivity.

The following chart sheds considerable light on the property prices of residential units in Delhi:

Delhi Property Rates

Location Residential
Karol Bagh 7000-11000
Rajendra Nagar 7500-10500
Gole Market 6000 - 10500
Chanakyapuri 17500 - 22500
South Extension 8000 - 13000
Defence Colony 11000 - 15000
Greater Kailash 9500 - 15000
Hauz Khas 9000 - 13000
Kalkaji 3500 - 5000
Saket 9000 - 13000
Vasant Vihar 13000 - 19000
Mayur Vihar 2500 - 4500
Malviya Nagar 3500 - 5000
Noida 3000 - 5500
Shastri Nagar 2200 - 3500
Sadar Bazar 2000 - 2400
Kamla Nagar 3500 - 6500
Vaishalli 2800 - 3600
IFCI Colony 2000 - 2500
Rajouri Garden 3750 - 7000
Janakpuri 3000 - 5000
Dwarka 3500 - 4500
Suryavihar 2500 - 3800
Palam Gurgaon 3000 - 4500
Gurgaon (Smaller) 3500 - 6500
Lodi Colony 15000 - 18000


** Price as per the market value in May 07
** Property Rates are subject to change due to market vagaries and may differ by virtue of location and project, depending and facilities and other factors.
** We have tried to incorporate Price for every major areas located within Delhi. If you have any queries or suggestions related to our property price data or cannot find the area you are looking for, please email us at info [at] indianrealtynews [dot] com. We will try to accommodate your request.

News Published Under:   Delhi | 5 Comments »



5 Responses to “Delhi Real Estate Price Trends”

Indian Realty News Says:  |  May 9th, 2007 at 10:21 am  

Dear Readers,

We thank you for your quick response and productive suggestions. The city specific articles give you additional information on prevailing real estate trends and are intended to assist you in finding answer to your queries.

We have tried our level best to scout every reliable source to provide you with the correct data for property prices that you can count on. If you have any information to bring the improvements in chart, add your suggestions to the comment section.

Thanks
Editor

Madhu Sharma Says:  |  August 20th, 2007 at 6:57 am  

We are interested in buying a house (independent) preferable in Asiad Village, near Hauz Khas in New Delhi. Could you please guide me with the price range. What is the availbility of a independent free hold house there.

thanks,

Madhu Sharma

Muthu Kumaran Says:  |  August 27th, 2007 at 5:40 pm  

I’m intereseted in purchasing a flat in Mayur Vihar Phase-I, I would prefer to procure it directly from the seller. My preference of the floors is 2/3 and budget is 30-35. You can contact my cell XXXXXXXXXX

Yes laxman Arun Kumar Says:  |  September 24th, 2007 at 3:55 pm  

Please furnish Form under Rajiv Rathan Housing scheme (Bawana) for EWS at an early date

Arvind Soni Says:  |  October 2nd, 2007 at 12:31 pm  

I am interested to buy a flat within a range of 10 lacs and should be financed also..can u help..Do banks finance negative areas also which are coming up in the list of Pass Colonies by DDA/MCD in Master Plan 2021.