Best Locations in Delhi to Buy Residential Properties

Published: September 18, 2009
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Delhi has always been a lucrative real estate destination for real estate developers, investors and professionals. Not only, as a real estate market by many investors and developers, but the place is also in demand by buyers. It witnesses people coming from different parts of the country and getting settled here. Even the recent economic slowdown has not been able to stop people from buying a house even at sky-rocketing prices in the most posh localities of the city.

Overcoming the realty market slowdown, the residential market seems to be swiftly rising up. The segment has got lots in store to offer the buyers, from New Projects to corrected rental values. Areas like Golf Link,Vasant ViharChanakyapuriAnand Niketan, Shanti Niketan, Niti Bagh are just to name a few that can boast of numerous latest projects by developers like Unitech, Omaxe, DLF, Parsvnath Developers etc.

Due to a higher standard of living and higher economy rate of people in Delhi, the property rates have increased exponentially.

The central Delhi has always been a hub of real estate activities in the city. South Delhi comes the close second. Though west, north and eastern zones of the city have so far been bustling with real estate activities but it’s the central Delhi which has remained the hot cake of the Delhi property market.
A few of the most sought after residential localities and their average prices per Sqft:

Most Alluring Residential Areas in Delhi
Area Property Type Average Price Per Sqft (INR) Average Rents Per Sqft (INR)
Golf Links Apartments 40383 70
Plots 61648
Jor bagh Apartments 25702 106
Chanakyapuri Apartments 33958 94
Plots 78752
Westend Apartments 32112 89
Connaught Place Apartments 24529 71
Vasant Vihar Apartments 21489 48
Plots 49249

*Source: Delhi Residential Properties’ Data on Zamanzar.com as on 11th September 2009. For latest rate, please visit our Delhi Residential Property Prices Page

Delhi’s Most Popular Residential Localities

While the Central Delhi is still the most preferred location for buyers as well as investors, it is the South East that has got the most economical locations to offer.

Most Economical Residential Areas in Delhi
Area Property Type Average Price Per Sqft (INR) Average Rents Per Sqft (INR)
Khanpur Apartments 2497 -
Plots 1134
Dwarka Sector-5 Apartments 3683 8
Mehrauli Apartments 3011 11
Plots 6129
Uttam Nagar Apartments 3049 9
Plots 3486

*Source: Delhi Residential Properties’ Data on Zamanzar.com as on 11th September 2009. For latest rate, please visit our Delhi Residential Property Prices Page

Delhi’s Most Economical Residential Localities

Though, not really very posh or popular, the above localities do offer very low prices. Uttam Nagar, Dwarka, Mehrauli etc. have very low average prices for all the property types. Chattar pur, Dilshad garden, Rohini etc. can also be worth giving a thought. However, the economical localities are yet to visit development activities and have not yet made it in the developers’ hot list but there is a gradual addition of new projects. Though a few of them do offer promising future e.g. Dwarka, Rohini, Chattar pur etc. which are still under constant development phase, and have quit a few new projects. And then there are localities that are not as posh as their counterparts of the Central delhi area, but still manage to have a reputation.

These localities, most of them near Central Delhi, are way ahead of the economical localities in terms of infrastructure and are priced well below the Central Delhi areas. Greater Kailash, Saket, Kailash Colony, Alaknanda etc. all are in the vicinity of areas like Golf Link, Hauz Khas, and Defence Colony etc. These can be a good option for the upper middle class and people who need their homes and localities to speak about their status, but without burning a big hole in their pockets.

Mid Priced Residential Areas in Delhi
Area Property Type Average Price Per Sqft (INR) Average Rents Per Sqft (INR)
Greater Kailsash-I,II Apartments 8884,9268 24,27
Plots 22866,23609
Saket Apartments 9765 20
Plots 16683
Kailash Colony Apartments 9466 27
Plots 24106
Maharani Bagh Apartments 13831 49
Plots 25278

*Source: Delhi Residential Properties’ Data on Zamanzar.com as on 11th September 2009. For latest rate, please visit our Delhi Residential Property Prices Page

Delhi’s Mid Priced Residential Localities

There is a high variation in the pricings for apartment, plots and houses in the areas like Maharani Bagh, Kailash Colony, Khanpur, Saket etc. Thus, an important point to keep in mind, before zeroing on any particular locality, is the type of property you are interested in. A few localities have lower average price for apartments but comparatively higher rates per Sqft for plots or houses or vice versa. Though, it also depends a lot upon the condition of the property you are preparing to invest in.

Thus, proper market research is required before you plan to buy a property. At Zamanzar.com, you can not only browse properties as per your requirements, but also get an overview of the average market prices and rents for a particular locality in your city.

It is important to have a clear picture of the type of home and the locality in mind before you can start working out the budget. Because, same house can be cheaper in a belittle area with loads of traffic than in a new development area with calm surroundings. Similarly, a semi-furnished apartment would cost lesser than a furnished individual house. So, in order to buy/sell/rent a property, a proper estimation of the property is required keeping in mind the two major price deciding factors: locality and type of property. Zamanzar.com has one such feature (ZamEstimateTM)  that lets you evaluate an approximate price for your property.  You just need to give a brief description of the kind of property and the locality in which you would like to buy/sell/rent it. The average price of your property is calculated by averaging the prices of similar properties in the same locality. For more details on ZamEstimateTM, kindly visit the blog post for ZamEstimateTM


Posted under categories: Buying Property, Indian Real Estate, Property Rates
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About Zamanzar

Zamanzar Advisory Pvt. Ltd. is a real estate advisory firm located in New Delhi, India. We offer online property search tools and offline services to help complete the transaction. Our services cater to real estate buyers, renters, and sellers. Visit Zamanzar to find out more!

6 Comments so far

  1. surendra March 10, 2010 12:08 am

    buget of 20-30 lacs what du u recomand for future growth (project) in delhi (which part)
    iff possible call me.
    09869151563

  2. Mohsin April 1, 2010 11:29 am

    Kindly visit our site http://www.zamanzar.com/ and submit your requirement with you r contact details. our customer service executives will get back to you within 1 business day.

  3. Cole Powell July 9, 2010 9:05 pm

    Market research is always essential for the succes of any kind of business.*.,

  4. kube October 5, 2010 2:38 pm

    Great blog! Keep up the great work
    Golf Course facing fully furnished apartment @ 3.82 lacs

  5. Beard Trimmer %0B December 14, 2010 10:13 pm

    every business and investment needs some very good market research if you want it to succeed —

  6. durgesh April 9, 2011 11:51 pm

    i want 2bhk apartments for rent in porsh colinies of delhi.

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