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Besides being the capital city of India, Delhi is also a centre of politics, education, jobs and fashion. With many posh areas in Delhi, the city is home to 30 billionaires, second only to Mumbai, which has 50, as per the Hurun Global Rich List 2020. It is then not surprising that New Delhi has some of the most desired and expensive pin codes. While properties for sale in Delhi’s expensive residential areas are few, due to saturation of land parcels, there may be some properties available on rent or after redevelopment.
In this article, we will talk about the top 10 posh residential areas in Delhi.
South Delhi’s plush neighbourhood Jor Bagh is close to the Safdarjung’s Tomb and is served by the Jor Bagh Metro Station. Its proximity to lifestyle avenues, such as malls, connectivity to other strategic locations and historic monuments and the overall liveability index, make it a good fit to feature in Delhi’s top 10 expensive areas to live.
Properties for sale in Jor Bagh: Real estate prices in Jor Bagh start at Rs 13 crores and may even go up to Rs 78 crores, as per current listings on Housing.com. There is limited supply of properties in the resale market but redevelopment projects are opening up new steel-and-glass builder floors.
Properties for rent in Jor Bagh: Depending upon the size and exact location, rentals may start from Rs 35,000 per month for smaller configurations and go up to even Rs 10 lakhs a month for larger homes such as a 5BHK independent houses.
Bollywood star Sonam Kapoor’s husband Anand Ahuja grew up in Jor Bagh, while former telecom and human resource development minister Kapil Sibal is also said to have had a property on rent in Jor Bagh.
Initially an exclusive housing colony for government officials, Shanti Niketan is a coveted address today. Its strategic placement, close to other high-end localities like Chanakyapuri or even Vasant Vihar, has added to its charm. The liveability index is undeniably high, with top industrialists opting for it.
Properties for sale in Shanti Niketan: Compared to other expensive areas, there is a slightly greater supply of resale units in Shanti Niketan. According to Housing.com listings, prices of properties here start at Rs 5 crores and can go up to Rs 80 crores.
Properties for rent in Shanti Niketan: Rental values of plush properties in Shanti Niketan can go up to Rs 6 lakhs, as per current listings on Housing.com.
Industrialist Sandeep Jajodia owns a property in Shanti Niketan.
Maintained by the Delhi Development Authority (DDA), Gulmohar Park is one of the affluent localities in the city. In the past, a group of journalists also helped to establish this locality and its neighbourhoods and since the 1970s, it has remained a posh locality. Some of the top names in Bollywood, senior lawyers, journalists and top businessmen, reside or own properties here.
Properties for sale in Gulmohar Park: Property prices in Gulmohar Park can start from Rs 1 crore for a standard-sized unit and go up to as much as Rs 30 crores.
Properties for rent in Gulmohar Park: Even 1RK configurations can cost anywhere up to Rs 30,000 per month, while an independent house may cost Rs 4.5 lakhs per month.
Big-B Amitabh Bachchan’s residence in Delhi is in Gulmohar Park.
Hauz Khas is a popular location in Delhi even for non-residents, thanks to the multiple shopping and hangout avenues available in the vicinity. The area is home to some of the finest bungalows in Delhi.
Properties for sale in Hauz Khas: A cursory glance of Housing.com suggests that units for sale in Hauz Khas can range between Rs 2 crores to as much as Rs 78 crores, as per listings on the site currently.
Properties for rent in Hauz Khas: There are over 200 units on rent now, with 1RK units starting at Rs 15,000 per month, while the plush units and independent homes may command anywhere up to Rs 10 lakhs, depending on its size and amenities.
Home to many high-net worth individuals and NRIs, Safdarjung is south of Hauz Khas and a prominent location in Delhi. The area enjoys smooth connectivity to other parts of the city and also boasts of quick access to some of the reputed healthcare and educational institutions, besides shopping malls, parks and leisure zones.
Properties for sale in Safdarjung: Two-bedroom units will cost anywhere from a crore and upwards, while property prices in general can go up to Rs 50 crores, as per current listings. Residential plots are also available.
Properties for rent in Safdarjung: 1RK or 1BHK units usually cost less than Rs 25,000 per month, while villas and independent homes can cost Rs 4 lakhs a month, as per listings.
Another hotspot for the rich and the famous, Panchsheel Enclave is south Delhi’s coveted destination. The locality is served by the Panchsheel Park metro station and the area is self-sufficient, with numerous facilities at hand and smooth access to all that you need.
Properties for sale in Panchsheel Enclave: Current listings show that property prices are in the range of Rs 1 crore to Rs 30 crores.
Properties for rent in Panchsheel Enclave: Properties on rent range between Rs 15,000 per month and Rs 4.5 lakhs, as per listings.
Green Park is divided into Main and Extension and easily features in the list of affluent localities in the city. It has several parks and ample greenery, which makes it a desired location. Properties are usually in plots of 200-1,500 sq yards.
Properties for sale in Green Park: Looking for homes in this area? A quick look on Housing.com suggests that prices can range between Rs 1.20 crores to Rs 60 crores, depending upon the configuration and type of property.
Properties for rent in Green Park: While smaller configurations such as a 1RK units may cost less than Rs 20,000 per month, some palatial bungalows will cost Rs 12.5 lakhs per month.
Also known as GK, the locality is divided into two parts – Part 1 and 2. Greater Kailash is home, to not just celebrities and politicians but also houses some of the leading retail brands. In terms of liveability, the locality gets a 9/10 with many healthcare facilities, schools, etc., in the vicinity.
Properties for sale in Greater Kailash: Even 1RK units command as much as Rs 30 lakhs in GK 1 and 2. Properties on sale go up to Rs 50 crores.
Properties for rent in Greater Kailash: With apartment units, villas and independent homes, Greater Kailash has all of it, with rental values ranging from Rs 20,000 to Rs 12.5 lakhs per month.
Within a walking distance of Khan Market, Golf Links is popular locality. Recently, Paytm founder Vijay Shekhar Sharma bought a residential property worth Rs 82 crores in this part of Lutyens Delhi.
Properties for sale in Golf Links: Big-ticket properties are not uncommon here. As per property listings portal Housing.com, properties currently on sale are in the range of Rs 12 crores to Rs 85 crores.
Properties for rent in Golf Links: If you are looking at a spacious and luxurious property in Golf Links for rent, be ready to spend at least a few lakhs.
Connected by the Jangpura Extn Metro station, this south Delhi neighbourhood is an established one and boasts of access to all lifestyle, healthcare and leisure avenues and is frequented by tourists, locals and expats.
Properties for sale in Jangpura Extension: Both residential plots and independent homes are equally popular, with prices going up to Rs 11.50 crores, as per current listings.
Properties for rent in Jangpura Extension: Rental values go up to Rs 2.5 lakhs while 1RK units costing less than Rs 20,000 per month are also popular.
Check out the cost of living in Delhi.
How many billionaires are there in India in 2020?
As per Forbes, there are 102 billionaires in India in 2020, as against 109 in 2019.
Where did Paytm founder Vijay Shekhar Sharma recently buy a residential property in Delhi?
Recently, Paytm founder Vijay Shekhar Sharma bought a residential property in Delhi worth Rs 82 crores at Golf Links.