The real estate potential of South Delhi is valued at Rs 5.65 lakh crore across 42 MCD-regulated colonies, with plots in Category A and B colonies, both occupied and vacant, accounting for over Rs 5.35 lakh crore, according to Golden Growth Fund.
According to the report, around 18,446 plots are available across the 42 Cat A, B & C colonies in South Delhi, whose size ranges from 125 sq. yd. to 1750 sq. yd. at an average price of Rs 6 - 15 lakh per sq. yd.
The Municipal Corporation of Delhi has divided all colonies of Delhi into eight categories: A, B, C, D, E, F, G & H. Circle rates, Property Tax rates, and Stamp Duty charges for Property Registration are based on these categories. Category A and B are the most exclusive locations in South Delhi.
In the 13 Category A colonies, around 3704 plots are available whose size ranges from 200 sq. yd. to 1200 sq. yd. at an average price of Rs 7 lakh per sq. yd. to Rs 15 lakh per sq. yd. In the 27 Category B colonies, around 12,720 plots are available whose size ranges from 125 sq. yd. to 1750 sq. yd. at an average price of Rs 6 lakh per sq. yd. to Rs 12 lakh per sq. yd.
Some of the Category-A and B colonies are Mayfair Garden, Panchsheel Park N Block, Panchsheel Park S & E Blocks, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chankyapuri, Golf Links, JorBagh, Sundar Nagar, Maharani Bagh, Chirah enclave, GK, Green Park, Gulmohar Park, Niti Bagh etc.
With fully developed surrounding infrastructure and the novelty of an iconic address, South Delhi has become an ideal location for homes that offer exclusive and luxurious living experiences.
Ankur Jalan, CEO of Golden Growth Fund, said, ""Consistent demand, reliable and safe investment, and substantial returns are the factors driving the South Delhi real estate market and make it the perfect location for homeownership, either for self-stay or investment for wealth creation and income generation. The real estate in the region boasts of the safety of the asset against depreciation of capital."
