Wondering what it takes to own a home in a posh area of Delhi? We take you through some of the premium localities of Delhi which undoubtedly also have the most expensive houses in Delhi.
In addition to being the capital of India, Delhi is the epicenter of politics and a hub for prestigious educational institutions and endless business opportunities. The city has quite a few high-class residential areas that are home to the city’s uber-rich. According to the Hurun Global Rich List 2021, around 40 billionaires live in Delhi, second only to Mumbai, which has 61 people. With countless neighborhoods frequented by crème de la crème, it’s no wonder Delhi has some of the most expensive billionaires. PIN codes. Let’s take a look at these expensive and luxurious areas of Delhi.
Top 7 Posh Areas of Delhi
1. Prithviraj Road
Located in the heart of the capital, Prithviraj Road is undoubtedly one of the luxury districts of Delhi. Being part of the most popular floor area of Lutyens’s Bungalow Zone(LBZ), the houses at Prithviraj Street are among the tallest in the capital. This beautiful street in central Delhi has Lodhi Gardens on one side and Delhi Golf Course, Race Course, and Safdarjung Tomb on the other side.
Prithviraj Road features a tree-lined path of luxury cottages owned by dignitaries such as LK Advani, Atul Punj (President of Punj Llyod Group), Renuka Talwar (daughter of DLF President KP Singh), RP Goenka, Bollywood actress Sonam Kapoor and her husband Anand. Ahuja, among many others. In addition, there are embassies from Spain, Venezuela, and Mexico in its neighborhood, making Prithviraj Road one of the luxury districts of Delhi with the highest real estate value.
Shopping centers like Santushti Complex and Khan Market are another factor that makes this street one of the best residential areas in Delhi. One of the most unique places in Delhi, the houses here are incredibly expensive and are sure to make you cringe.
Price range / square ft. on Prithviraj Road: Prithviraj Road property prices per square foot start at Rs 38,095 / sq ft and can go up to Rs 3,00,000 / sq ft.
Prithviraj Rd Rental Rate Range: Monthly rent on Prithviraj Rd for 3 BHK is around Rs 2 lakh per month.
Notable places near Prithviraj Road: Lodhi Gardens, Safdarjung Tomb, Old Fort, India Gate, Claridge Hotel, Shangri-La Hotel.
2. Jor Bagh
Located in South Delhi, Jor Bagh is another upscale area in Delhi. Safdarjung’s Tomb, Khan’s Market, and Lodhi Gardens are next to Jor Bagh, with Humayun’s Tomb in close proximity. This upscale neighborhood is lush with greenery and is also home to famous personalities such as Congressional politician, former minister, and lead attorney, Kapil Sibbal.
Price range / square meter. Feet in Jour Bagh: Property prices per square foot in Jour Bagh start at Rs 4,444 / sq ft and can go up to Rs 68,571 / sq ft.
Gur Bagh rental price range: The monthly rent in Gur Bagh depends on the specific location and size; The monthly rent can start from Rs 12,000 and can go up to Rs 6 Lakh.
Notable places near Gur Bagh: Safdarjung Cemetery, Hippodrome, Prime Minister’s Property, Safdarjung Airport, etc.
3. Panchsheel Park
Another desirable residential area for the rich and famous of the city, Panchsheel Park, is located on the outer ring road of Delhi. The region includes the enclave of Panchsheel in the east, Hauz Khas in the west, Asian Games Village in the north and Malviya Nagar in the south. In addition, this residential project has the Panchsheel Club, which offers a large number of facilities such as a garden terrace, a cafeteria by the pool, a senior citizen’s lounge, a banquet room, and much more. This upscale area of Delhi has housing projects of bungalows, individual houses, and detached flats. It is home to many diplomats, retired politicians, bureaucrats, and other dignitaries.
Price range / square meter. ft. in Panchil Park: Property prices per square foot in Panchil Park start from 13,129 rupees / sq ft and can go up to 56,603 rupees / sq ft.
Panchsheel Park Rental Price Range: Monthly rent at Panchil Park is dependent on exact location and size; The monthly rent can start from 11,000 rupees and can go up to 5 lakh rupees.
Notable places near Panchil Park: Deer Park, Hauz Khas Fort, Siri Fort, Ansal Plaza, and many more.
4. Greater Kailash
Popularly known as GK, Greater Kailash, located in South Delhi, is divided into two sub-districts: GK I and GK II. The area is famous not only because it is home to the wealthy, but also because it is home to some of the major retail brands.
It has one of the most famous commercial markets in the city, the M Block Market, where you will find amazing cafes, lounges, and salons. The houses here are usually luxurious and the people who live here enjoy all the facilities at their fingertips. The name seems appropriate for the location, given that the area is not only beautiful, it is also “larger” than most residential areas in Delhi.
Price range / square meter. Feet in Greater Kailash: Real estate prices per square foot in Greater Kailash start at Rs 4,444 / sq ft and can go as high as Rs 68,571 / sq ft.
Greater Kailash Rental Price Range: The monthly rent in Greater Kailash is dependent on the exact location and size of the property. Monthly rent can start from Rs 8,000 for a studio apartment and can go up to Rs 6 Lakh based on the current listing on Magicbriks.com.
Notable places near Greater Kailash: Nehru Place, Lady Shri Ram College, Lotus Temple, Iskcon Temple, and many more.
5. Shanti Niketan
Shanti Niketan was initially created as a residential area to house government officials, and today it is one of the most sought-after addresses in Delhi. Probably, we Indians are impressed by everything related to the term ‘Sarkari’. (Like most Indian parents they continue to pressure their children to find a government job!) Well, jokes aside, with a very strategic location, Shanti Niketan is among the most luxurious residential areas in Delhi, which is why you will find the best industrialists and other elite groups living in Shanti Niketan’s luxury homes.
Price range / square meter. Feet in Shanti Niketan: Property prices per square foot in Shanti Niketan start from 8,000 rupees and can go up to 99,000 rupees / square foot.
Shanti Niketan rental price range: The monthly rent in Shanti Niketan depends on the exact location and size of the property. The monthly rent can start from Rs 45,000 and go up to Rs 6.3 lakh.
Notable places near Shanti Niketan: The embassy district in Shantipath, DLF Promenade, DLF Emporio, Delhi Public School (RK Puram), and DU South Campus are close to the area.
6. Vasant Vihar
Vasant Vihar, one of the posh districts of Delhi, is located near the Indira Gandhi International Airport which is one of the main driving factors. It also has the first PVR theater, which is located in the famous Priya market in Vasant Vihar. With many restaurants and places to hang out, and with prestigious campuses such as IIT Delhi, JNU, and DU South in close proximity, it is one of the preferred locations in Delhi.
Price range / square meter. ft. in Vasant Vihar: Property prices per square foot in Vasant Vihar start from 10,882 rupees / sq ft and can go up to 21,111 rupees / sq ft.
Vasant Vihar Rental Price Range: The monthly rent in Vasant Vihar depends on the size of the property. The monthly rent can start from 14,000 rupees and can go up to 15,000 rupees.
Notable places near Vasant Vihar: DLF Promenade, DLF Emporio, Ambience Mall, Delhi Public School (RK Puram), Uttara Swami Malai Temple, and many more.
7. Gulmohar Park
Located in a posh neighborhood in South Delhi, Gulmohar Park is an upper residential area of Delhi maintained by the Delhi Development Authority (DDA). A group of journalists helped create this area and today it is one of the quietest places to live in the bustling city of Delhi. Some of the prominent names in the Bollywood industry like Amitabh Bachchan, top-notch journalists, business tycoons, and other famous personalities own real estate here.
Price range / square meter. FT in Gulmohar Park – Property prices per square foot in Gulmohar Park start from Rs 1,388 / sq ft and can go up to Rs 66,666 / sq ft
Gulmohar Park Rental Price Range: The monthly rent in Gulmohar Park depends on the size of the property. The monthly rent can start from Rs 16,000 and can go up to Rs 2.5 lakh.
Notable places near Gulmohar Park: Siri Fort, Nation Institute of Fashion & Technology, Qutub Complex, NCUI Auditorium & Convention Center, Ansal Plaza, South Extension market, and many more.
(Please note that all of the above listings are for price and rental ranges based on current listings on MagicBricks)
So this was our roundup of the most expensive and luxurious areas in Delhi. All have excellent connectivity to the main sites and attractions of the city, with a plethora of shopping options and hangouts.
If you are planning to own a home in an upscale area of Delhi and have a lot of money to invest, we hope this list will help you choose the best location for your dream home.