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New Delhi, the capital of India, is a significant part of the National Capital Territory of Delhi. As of 2023, the metropolitan population is 32,941,000, reflecting a 2.73% increase from the previous year.
Covering an extensive area of approximately 1,484 square kilometres, New Delhi plays a crucial role as a commercial hub in Asia, contributing significantly to the city's economy.
Beyond its economic prominence, the city is renowned for its deep historical roots, an array of tourist attractions, bustling marketplaces, and a diverse culinary scene. It is a dynamic and culturally rich metropolis, seamlessly blending tradition with modernity.
Property in New Delhi is available at affordable rates, and due to the diversity and tourism, you can expect a lot of investment potential.
New Delhi is North India's largest commerce centre, and major industries in the region include banking, insurance, financial services etc. Top IT offices in New Delhi are HCL Infosystems, Hitachi Systems, Microclinic Microclinic, Microsoft and NIIT Technologies.
New Delhi has a well-developed social infrastructure and an efficient and quick public transportation system integrated throughout the city. Flats for sale in New Delhi offer modern amenities like high-speed internet, shopping malls, entertainment centres and much more.
Flats in New Delhi are contingent on location, amenities, and size. The city offers a range of budget-friendly options in well-placed, secure neighbourhoods, making it an attractive prospect for potential homebuyers.
The demand for flats/apartments in New Delhi has experienced a notable price surge, with real estate prices growing by an average of 17.7% quarter-over-quarter (QoQ). Over the past year, property rates in New Delhi have risen from an average of Rs. 14,600 per sqft to Rs. 15,400 per sqft. This increase is attributed to the high demand in the area, driven by its strategic location and well-developed social infrastructure.
Here is the price list for some of the top areas in New Delhi:
Neighbourhood | Price per sqft |
---|---|
Vasant Kunj | Rs. 14,400 |
Chattarpur | Rs. 4,700 |
Greater Kailash | Rs. 16,650 |
Sarita Vihar | Rs. 10,550 |
Okhala | Rs. 23,000 |
Alaknanda | Rs. 14,500 |
Jasola | Rs. 8,350 |
Lajpat Nagar | Rs. 11,600 |
Govind Puri | Rs. 12,100 |
Munirka | Rs. 15,150 |
Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.
New Delhi offers various housing options, from plots and apartments to luxury bungalows, catering to various budget segments. The city boasts excellent connectivity through roadways, railways, and a well-established metro network. Additionally, various public transportation services provide cost-effective commuting options, including buses, cabs, and auto rickshaws.
The city's robust infrastructure includes thriving IT hubs like Cyber City, and housing major companies such as Cognizant, Mphasis, and Accenture. Noteworthy residential projects like DLF Midtown, Risland Sky Mansion, and Godrej have garnered attention.
South Delhi has heritage structures and iconic landmarks like Qutub Minar, Mehrauli Archaeological Park, Jahaz Mahal, and Zafar Mahal, lending the area a distinct cultural charm. Key localities include Vishant Kunj, Chattarpur, Saket, Greater Kailash, and Sarita Vihar, with premium properties like DDA Flats Muirka and E2 Vasant Kunj. Notable projects include Risland Sky Mansion and CHS Independent Apartments.
The western suburbs of New Delhi offer a vibrant living environment encompassing residential, commercial, and industrial zones. Prominent localities like Vikas Puri, Uttam Nagar, Paschim Vihar, and Janakpuri cater to a diverse population. Top properties in the area include DLF Capital Greens 1 and 2, DDA Flats, CGHS Gangotri Apartments, and KG2 Apartments. Upcoming projects like DLF One Midtown and Natraj Homes add to the appeal of this region.
Central New Delhi provides many residential options, particularly conducive for working professionals. Budget-friendly homes, excellent infrastructure, convenient access to amenities, and a secure environment define this area. Karol Bagh is a premium locality, with Unity Group The Amaryllis as a top real estate option. Godrej Connaught One, DDa Mig Flats, and Kirsh Global Farm Lands are also noteworthy properties.
In East Delhi, premium and mid-segment localities like IP Extension, Mayur Vihar Phase 1, Vasundhara Enclave, Dilshad Garden, and Patparganj offer varied housing choices. Pawitra Apartments, DDA Flats Mayur Vihar, Emaar, and Mgf Commonwealth Games Village are popular properties in this region. East Delhi seamlessly blends tradition with modernity, contributing significantly to the economic and cultural landscape of the larger Delhi metropolitan area.
On average, there has been an 8.5% in property values across New Delhi since 2021. However, the prices have increased by 17.7% quarter-over-quarter (QoQ) this year.
There are 1 1 BHKs available in New Delhi.
The average price of 1 BHK in New Delhi is ₹15 Lac - ₹55 Lac.
The average size of 1 BHK in New Delhi is 300-450 sqft.
The rent of a 1 BHK in New Delhi is ₹7,499 - ₹23,000
There are 5 2 BHKs available in New Delhi.
The average size of 2 BHK in New Delhi is 700-1000 sqft.
The rent of a 2 BHK in New Delhi is ₹12,985 - ₹40,000.
The average price of 2 BHK in New Delhi is ₹25 Lac - ₹1.45 Cr.
There are 5 3 BHKs available in New Delhi.
The average price of 3 BHK in New Delhi is ₹55 Lac - ₹4.56 Cr.
The 3 BHKs in New Delhi are available in the average size of 1,200 to 2,000 sq ft.
The rent of a 3 BHK in New Delhi is ₹25,000 - ₹1.1 Lac.
There are 1 4 BHKs available in New Delhi.
The average price of 4 BHK in New Delhi is ₹1.94 Cr - ₹12.49 Cr.
The 4 BHKs in New Delhi are available in the average size of 2000-2500 sqft.
The rent of a 4 BHK in New Delhi is ₹42,000 - ₹2.3 Lac.
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