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Independent floors in South Delhi saw strong annual price growth, driven by active redevelopment, rising demand for luxury housing and improving buyer confidence. The Golden Growth Fund reported that values in Category A and B colonies rose 12%-17% in the past quarter, with Category A areas such as Vasant Vihar, Jor Bagh and Panchsheel recording about 17% growth. Prices for a 2,500 sq ft floor climbed to INR 11-23 crore, while larger 6,000 sq ft units reached INR 22-53 crore. Category B colonies saw 12%-15% growth. The fund noted that redevelopment potential exceeds INR 6 lakh crore, with upgraded amenities, better layouts and strong demand continuing to support higher prices and rentals.
Independent floors across South Delhi recorded a notable annual rise in prices earlier this week, supported by a sharp increase in redevelopment activity, stronger appetite for luxury housing and rising buyer confidence in the city's premium residential pockets. The Golden Growth Fund (GGF), a Category-II real estate-focused AIF, stated in its latest assessment that values in Category A and B colonies collectively rose between 12% and 17% during the past quarter. Advertisement
The report indicated that average prices in Category A colonies had risen by about 17% year-on-year. These locations include Chanakyapuri, Golf Links, Jor Bagh, Shanti Niketan, Vasant Vihar, Anand Niketan and Panchsheel, among others. For a typical 2,500 sq. ft. floor, the price range increased from INR 10-19 crore in the July-September period of the previous year to INR 11-23 crore during the same quarter this year. Similarly, 6,000 sq. ft. floors saw prices move from INR 19-45 crore to INR 22-53 crore across the corresponding period.
For Category B colonies, which include Gulmohar Park, Anand Lok, Defence Colony, Neeti Bagh, Chirag Enclave and Greater Kailash, the report noted an average annual rise between 12% and 15%. For a 2,500 sq. ft. unit, average prices shifted from INR 7-10 crore in the previous year to INR 8-11 crore this year. Floors measuring 3,200 sq. ft. witnessed an increase from INR 11-16 crore to INR 13-18 crore over the same quarterly period.
Ankur Jalan, CEO of the Golden Growth Fund, remarked that average price growth in South Delhi continued to outperform most NCR markets despite these colonies offering high-value products. He explained that many local residents were either monetising their plots or opting for redevelopment to improve capital appreciation and rental income. He added that demand continued to exceed supply across South Delhi, mirroring patterns seen in global high-end residential markets.
The redevelopment potential across South Delhi has been estimated at over INR 6 lakh crore. Jalan also mentioned that with improved FSI utilisation through redevelopment, projects were now incorporating larger usable spaces, enhanced amenities and contemporary design features to suit modern occupiers, which in turn had elevated average rentals by approximately 20-30%.
The Municipal Corporation of Delhi has divided all city colonies into eight categories from A to H determining circle rates, property tax slabs and stamp duty charges. Categories A and B comprise the most premium neighbourhoods, predominantly located in South Delhi. Jalan noted that South Delhi held an advantage over other micro-markets owing to steady demand, strong investment reliability, good returns, well-developed infrastructure and connectivity to key employment and entertainment hubs.
Golden Growth Fund is a Category II real estate-focused AIF dedicated to investments across South and Lutyens' Delhi. The fund pools capital from multiple investors to assemble a diversified portfolio of premium assets, aiming to reduce risk and optimise returns. With a relatively short gestation period of around 1.5 years, it enables participation in affluent and well-connected neighbourhoods known for strong commercial clusters and robust infrastructure. Its professional management framework supports strategic decision-making, while SEBI oversight ensures regulatory compliance, transparency and safeguarding of investor interests.
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