Delhi, one of India's most prominent real estate markets, offers a diverse range of properties in various micro-markets across the Delhi NCR region. Despite a 50% decline in sales from 2019 to 2020, the post-lockdown period gave the industry a much-needed boost, with a resurgence in sales in 2021-24. In this article, we will explore the current property rates in Delhi and the rates of 1 BHK, 2 BHK, and 3 BHK flats in different localities.
Property Rates in Delhi
In the Delhi-NCR real estate markets, homebuyers have favored plots, nearly finished properties, and ready-to-move inventories. The affordability index for Delhi-NCR has been raised due to decreased house interest rates on loans and lower property prices.
Image: Property Rates in Delhi
Housing prices in Delhi have seen a 7% year-on-year increase in the third quarter of 2023, driven by strong demand. The highest price increase among the top cities was experienced in Delhi's golf course road, with a 21% year-on-year increase. Residential property rates in Delhi have surpassed pre-pandemic levels due to increased demand and rising construction material costs. Factors such as Metro connectivity, expressway developments, and overall infrastructural development also play a role in influencing real estate buyers' decisions.
Real Estate Overview of Delhi 2024
The presence of India's government administrative and democratic structure in New Delhi has contributed to the development of a multicultural city that attracts residents from various racial and cultural backgrounds. According to the latest half-year report, India's real estate market sales have risen overall in the country, including the capital region of Delhi. South Delhi, particularly on Golf Course Road, Southern Peripheral Road, and Golf Course Expansion Road in Gurugram, has seen a surge in new residential projects.
Image: Real Estate Overview of Delhi 2024
With the holiday season approaching, the demand for residential properties in Delhi-NCR is expected to improve further. In the third quarter, average capital values rose by 6-10% every quarter and by 12-15% on an annual basis. Prices are on the rise in micro markets like Gurugram's Golf Course Road, Extensions Road, and Expressway Region, which have stronger demand. Developers also offer multiple payment options related to construction as sales incentives, which influence property rates in Delhi.
Delhi Property Rates Per Square Feet
The property rates in Delhi are increasing with the launch and development of new projects in the city. Here is a list of property rates per square feet in different localities of Delhi:
Image: Delhi Property Rates Per Square Feet
- C R Park: Rs. 13,470
- Gulmohar Park: Rs. 27,000
- Dilshad Garden: Rs. 7,300
- Greater Kailash I: Rs. 20,200
- Greater Kailash II: Rs. 18,000
- Green Park: Rs. 19,600
- Vasundhra Enclaves: Rs. 9,100
- Vikas Puri: Rs. 9,750
- Hauz Khas: Rs. 19,000
- I P Extension: Rs. 10,900
- Jangpura: Rs. 16,600
- Jangpura Extension: Rs. 21,000
- Jor Bagh: Rs. 48,500
- Kailash Colony: Rs. 16,500
- Kalkaji: Rs. 12,800
- Kirti Nagar: Rs. 9,500
- Krishna Nagar: Rs. 5,850
- Kundli: Rs. 2,800
- Lajpat Nagar II: Rs. 13,400
- Lajpat Nagar III: Rs. 19,000
- Lajpat Nagar IV: Rs. 14,500
- Laxmi Nagar: Rs. 5,950
- Mahavir Enclave: Rs. 5,300
- Malviya Nagar: Rs. 12,000
- Mayur Vihar-I: Rs. 12,400
- Mayur Vihar-II: Rs. 10,400
- Mayur Vihar-III: Rs. 7,710
- Model Town: Rs. 10,600
- Okhla: Rs. 4,450
- Panchsheel Enclave: Rs. 24,000
- Paschim Vihar: Rs. 12,800
- Patparganj: Rs. 10,800
- Pitampura: Rs. 13,800
- Rajouri Garden: Rs. 10,700
- Ramesh Nagar: Rs. 9,300
- Sarita Vihar: Rs. 9,800
- Sector-10 Dwarka: Rs. 9,600
- Sector-11 Dwarka: Rs. 9,870
- Sector-2 Dwarka: Rs. 9,000
- Sector-14 Dwarka: Rs. 9,200
- Sector-17 Dwarka: Rs. 8,200
- Sector-18 Dwarka: Rs. 9,400
- Sector-24 Rohini: Rs. 8,650
- Sector-6 Dwarka: Rs. 9,400
- Sector-8 Dwarka: Rs. 8,250
- Sector-9 Dwarka: Rs. 9,100
- Shanti Niketan: Rs. 29,000
- Tilak Nagar: Rs. 6,450
- Uttam Nagar: Rs. 4,460
- Vasant Kunj: Rs. 13,200
1 BHK Flat Rates In Delhi
The property rates in Delhi for the residential segment are on the rise, with more affordable projects in line to meet the demand.
Image: 1 BHK Flat Rates In Delhi
Here is a list of 1 BHK flat rates in Delhi localities:
- C R Park: Rs. 40L - 67L
- Gulmohar Park: Rs. 81L - 1.35Cr
- Dilshad Garden: Rs. 21L - 36.50L
- Greater Kailash I: Rs. 60.60L - 1Cr
- Greater Kailash II: Rs. 54L - 90L
- Green Park: Rs. 58.80L - 98L
- Vasundhra Enclave: Rs. 27L - 45.50L
- Vikas Puri: Rs. 29.25L - 48.75L
- Hauz Khas: Rs. 57L - 95L
- I P Extension: Rs. 32.70L - 54.50L
- Jangpura: Rs. 49.80L - 83L
- Jangpura Extension: Rs. 63L - 1.05Cr
- Jor Bagh: Rs. 14.55L - 24.25L
- Kailash Colony: Rs. 49.50L - 82.50L
- Kalkaji: Rs. 38.40L - 64L
- Kirti Nagar: Rs. 28.50L - 47.50L
- Krishna Nagar: Rs. 17.55L - 29.25L
- Kundli: Rs. 8L - 14L
- Lajpat Nagar II: Rs. 40L - 67L
- Lajpat Nagar III: Rs. 57L - 95L
- Lajpat Nagar IV: Rs. 43.50L - 72.50L
- Laxmi Nagar: Rs. 17L - 29L
- Mahavir Enclave: Rs. 15L - 26.50L
- Malviya Nagar: Rs. 36L - 60L
- Mayur Vihar-I: Rs. 37.20L - 62L
- Mayur Vihar-II: Rs. 31.20L - 52L
- Mayur Vihar-III: Rs. 23L - 38.55L
- Model Town: Rs. 31.80L - 53L
- Okhla: Rs. 13.35L - 22.25L
- Panchsheel Enclave: Rs. 72L - 1.20Cr
- Paschim Vihar: Rs. 38.40L - 64L
- Patparganj: Rs. 32.40L - 54L
- Pitampura: Rs. 41.40L - 69L
- Rajouri Garden: Rs. 32.10L - 53.50L
- Ramesh Nagar: Rs. 27.90L - 46.50L
- Sarita Vihar: Rs. 29.40L - 49L
- Sector-10 Dwarka: Rs. 28.80L - 48L
- Sector-11 Dwarka: Rs. 29.61L - 49.35L
- Sector-2 Dwarka: Rs. 27L - 45L
- Sector-14 Dwarka: Rs. 27.60L - 46L
- Sector-17 Dwarka: Rs. 24.60L - 41L
- Sector-18 Dwarka: Rs. 28L - 47L
- Sector-24 Rohini: Rs. 25.95L - 43L
- Sector-6 Dwarka: Rs. 28L - 47L
- Sector-8 Dwarka: Rs. 24.75L - 41.25L
- Sector-9 Dwarka: Rs. 27.30L - 45.50L
- Shanti Niketan: Rs. 87L - 1.45Cr
- Tilak Nagar: Rs. 19.35L - 32.25L
- Uttam Nagar: Rs. 13L - 22.30L
- Vasant Kunj: Rs. 39.60L - 66L
2 BHK Flat Rates In Delhi
Here is a list of 2 BHK flat rates in Delhi for better understanding the rates in different localities:
Image: 2 BHK Flat Rates In Delhi
- C R Park: Rs. 74L - 1.21Cr
- Gulmohar Park: Rs. 1.48Cr - 2.43Cr
- Dilshad Garden: Rs. 40L - 65.70L
- Greater Kailash I: Rs. 1.11Cr - 1.81Cr
- Greater Kailash II: Rs. 99L - 1.62Cr
- Green Park: Rs. 1.07Cr - 1.76Cr
- Vasundhra Enclave: Rs. 50L - 81.90L
- Vikas Puri: Rs. 53L - 87L
- Hauz Khas: Rs. 1.04Cr - 1.71Cr
- I P Extension: Rs. 59L - 98L
- Jangpura: Rs. 91L - 1.49Cr
- Jangpura Extension: Rs. 1.15Cr - 1.89Cr
- Jor Bagh: Rs. 2.66Cr - 4.36Cr
- Kailash Colony: Rs. 90L - 1.48Cr
- Kalkaji: Rs. 70L - 1.15Cr
- Kirti Nagar: Rs. 52L - 85L
- Krishna Nagar: Rs. 32L - 52.65L
- Kundli: Rs. 15.40L - 25.20L
- Lajpat Nagar II: Rs. 73L - 1.20Cr
- Lajpat Nagar III: Rs. 1.04Cr - 1.71Cr
- Lajpat Nagar IV: Rs. 79.75L - 1.30Cr
- Laxmi Nagar: Rs. 32L - 53.55L
- Mahavir Enclave: Rs. 29L - 47.70L
- Malviya Nagar: Rs. 66L - 1.08Cr
- Mayur Vihar-I: Rs. 68L - 1.11Cr
- Mayur Vihar-II: Rs. 57L - 93.60L
- Mayur Vihar-III: Rs. 42L - 69L
- Model Town: Rs. 58L - 95L
- Okhla: Rs. 24L - 40L
- Panchsheel Enclave: Rs. 1.32Cr - 2.16Cr
- Paschim Vihar: Rs. 70L - 1.15Cr
- Patparganj: Rs. 59L - 97L
- Pitampura: Rs. 75L - 1.24Cr
- Rajouri Garden: Rs. 58.85L - 96L
- Ramesh Nagar: Rs. 51L - 83.70L
- Sarita Vihar: Rs. 53.90L - 88L
- Sector-10 Dwarka: Rs. 52.80L - 86L
- Sector-11 Dwarka: Rs. 54L - 88.83L
- Sector-2 Dwarka: Rs. 49.50L - 81L
- Sector-14 Dwarka: Rs. 50.60L - 82.80L
- Sector-17 Dwarka: Rs. 45L - 73.80L
- Sector-18 Dwarka: Rs. 51.70L - 84L
- Sector-24 Rohini: Rs. 47.57L - 77.85L
- Sector-6 Dwarka: Rs. 51L - 84.60L
- Sector-8 Dwarka: Rs. 45L - 74.25L
- Sector-9 Dwarka: Rs. 50L - 81.90L
- Shanti Niketan: Rs. 1.59Cr - 2.61Cr
- Tilak Nagar: Rs. 35L - 58L
- Uttam Nagar: Rs. 24L - 40L
- Vasant Kunj: Rs. 72.60L - 1.18Cr
3 BHK Flat Rates In Delhi
Delhi has several posh localities that offer luxurious apartments, and the property rates in these regions are also high.
Image: 3 BHK Flat Rates In Delhi
Here is a list of 3 BHK flat rates in Delhi:
- C R Park: Rs. 1.27Cr - 2.02Cr
- Gulmohar Park: Rs. 2.56Cr - 4.05Cr
- Dilshad Garden: Rs. 69L - 1.09Cr
- Greater Kailash I: Rs. 1.91Cr - 3.03Cr
- Greater Kailash II: Rs. 1.71Cr - 2.70Cr
- Green Park: Rs. 1.86Cr - 2.94Cr
- Vasundhra Enclave: Rs. 86L - 1.36Cr
- Vikas Puri: Rs. 92L - 1.46Cr
- Hauz Khas: Rs. 1.80Cr - 2.85Cr
- I P Extension: Rs. 1.03Cr - 1.63Cr
- Jangpura: Rs. 1.57Cr - 2.49Cr
- Jangpura Extension: Rs. 1.99Cr - 3.15Cr
- Jor Bagh: Rs. 46L - 72L
- Kailash Colony: Rs. 1.56Cr - 2.47Cr
- Kalkaji: Rs. 1.21Cr - 1.92Cr
- Kirti Nagar: Rs. 90L - 1.42Cr
- Krishna Nagar: Rs. 55L - 87L
- Kundli: Rs. 26L - 42L
- Lajpat Nagar II: Rs. 1.27Cr - 2.01Cr
- Lajpat Nagar III: Rs. 1.80Cr - 2.85Cr
- Lajpat Nagar IV: Rs. 1.37Cr - 2.17Cr
- Laxmi Nagar: Rs. 56L - 89L
- Mahavir Enclave: Rs. 50L - 79L
- Malviya Nagar: Rs. 1.14Cr - 1.80Cr
- Mayur Vihar-I: Rs. 1.17Cr - 1.86Cr
- Mayur Vihar-II: Rs. 98L - 1.56Cr
- Mayur Vihar-III: Rs. 73L - 1.15Cr
- Model Town: Rs. 1Cr - 1.59Cr
- Okhla: Rs. 42L - 66L
- Panchsheel Enclave: Rs. 2.28Cr - 3.60Cr
- Paschim Vihar: Rs. 1.21Cr - 1.92Cr
- Patparganj: Rs. 1.02Cr - 1.62Cr
- Pitampura: Rs. 1.31Cr - 2.07Cr
- Rajouri Garden: Rs. 1.01Cr - 1.60Cr
- Ramesh Nagar: Rs. 88L - 1.39Cr
- Sarita Vihar: Rs. 93L - 1.47Cr
- Sector-11 Dwarka: Rs. 93L - 1.48Cr
- Sector-18 Dwarka: Rs. 89L - 1.41Cr
- Sector-24 Rohini: Rs. 82L - 1.29Cr
- Sector-6 Dwarka: Rs. 89L - 1.41Cr
- Sector-8 Dwarka: Rs. 78L - 1.23Cr
- Sector-9 Dwarka: Rs. 86L - 1.36Cr
- Shanti Niketan: Rs. 2.75Cr - 4.35Cr
- Tilak Nagar: Rs. 61L - 96L
- Uttam Nagar: Rs. 42L - 66.90L
- Vasant Kunj: Rs. 1.25Cr - 1.98Cr
FAQs
Will property rates increase in Delhi?
According to a recent quarter 3 report, the property rates in Delhi have risen and are expected to further increase in the coming year as the demand for housing continues to grow.
Which is the best place to buy property in Delhi?
Janakpuri, Dwarka, and Uttam Nagar are some of the best areas to buy property in Delhi.
How much does an apartment in Delhi cost?
The average price of a 2 BHK apartment in Delhi ranges from Rs. 50-80 L, depending on the locality.
How much does a flat cost in Delhi's posh locations?
If you are looking for a flat in a posh area in Delhi, it will cost you around Rs. 1 Cr - 1.30 Cr, depending on the size and location of the flat.
Note: The above property rates are based on the provided data and may be subject to change. It is advisable to consult a real estate expert for the latest and accurate information.
Also, check out Top 10 Posh Areas In Delhi for Buying Property for more insights.
With this comprehensive guide on the latest property rates in Delhi, you can make informed decisions about buying or investing in real estate in the capital city. Remember to consider your budget, locality preferences, and future growth prospects before making any decisions.
