South Delhi Real Estate Worth ₹5.7 Lakh Cr, 18,446 Plots Available
As one of India's leading regions, South Delhi real estate is poised for enormous growth. As per Golden Growth Fund’s report, South Delhi real estate has potential worth ₹5.65 Lac Crore with plots under 42 MCD Regulated colonies, A & B regions, crossing ₹5.35 Lac Crore.
The report notes that more than 18,446 sq. yd. in the Cat A, B, C colonies of South Delhi are being sold for rates between 6-15 Lac. These plots range from 125 sq. yd. to 1750 sq. yd in size and are available on average for ₹6 to 15 Lakhs per sq yd.
The Municipal Corporation of Delhi (MCD) has divided all colonies of Delhi under eight categories, A to H. Every circle is associated with certain rates which include circle rates, property tax rates, and stamp duty fees for property registration.
Some of the most exclusive sites in South Delhi are Category A and B.
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Some of the most exclusive 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.
The blending of South Delhi’s prestigious address with the fully developed infrastructure surrounding it makes the region a preferred choice for homes designed exclusively to provide luxurious living experiences.
Why South Delhi?
Homebuyers and investors have shown a long standing affinity towards South Delhi. The region is well-equipped with infrastructure facilities such as schools, hospitals, shopping complexes, and recreational facilities ensuring that this area is ideal for HNIs and their families. The consistent and ever-increasing demand for luxury homes in South Delhi leads to rampant redevelopment of older buildings, as well as new constructions on previously vacant landmasses to cater to the booming neo-rich demography.
“South Delhi is mainly occupied by the affluent group of business, legal, and white collar professionals who prefer lavish apartments and villas. Hence, many new constructions on empty sites or re- construction of old buildings are being done to satisfy the wealthy aspiring middle class and the needs of growing families. Its proximity to leisure and family activities like the office, the airport, schools, and hospitals, makes it a preferred location,” stated Ankur Jalan, CEO, Golden Growth Fund.
“A steady supply, dependable and secure investment, and significant returns are the reasons for activity in the south Delhi real estate market and its growth potential is unrivaled. This makes it an ideal area for residential purposes, leasing or investing to earn wealth and revenues. The region is well-known for having real estate that protects against depreciation of capital investments.”“HNIs, NRIs, and family offices that previously bought local real estate without protective measures are now investing in AIFs that target these submarkets. With low risk AIFs that do not require constant supervision of the property and have generous estimated returns of up to 18-20%, profits became available to so many new investors,” Jalan added.Jalan’s the AIF has leverage these LOCs, transforming them into investment opportunities without increasing proposed resources while at the same time increasing profits for their investors. According to the latest SEBI reports up to H1FY25, the real estate space received Rs 75,500 crore from AIF, the most from all industries which is 17% of the whole share which reflects on this industry the most.
Golden Growth Fund (GGF) intends to raise $400 million from investors for the purpose of developing and acquiring real estate projects in South and Lutyens’ Delhi. It's focus is further widened towards capturing the total investments and mitigating potential threats through investing and building a diversified portfolio of real estate. Its approach is, perhaps, high on caution while focusing on enhanced returns. The firm's initial funding said to commence from August and targeting $25 million has already started, by setting up the foundation for a residential block in Anand Niketan with Grovy construction group, which has enjoyed over 40 decades of experience in development.