New Delhi, February 16 The upscale residential areas in South Delhi have seen an average annual price increase of 22-34% last year for independent luxury apartments due to strong demand and limited supply, according to a report.
Golden Growth Fund (GGF), a Category-II real estate-focused Alternative Investment Fund (AIF), released a report on the South Delhi residential market on Monday, which showed that the price of independent apartments increased by 25-34% in Category-A areas.
Some of the Category A areas are Chanakyapuri, Golf Links, Jor Bagh, Shanti Niketan, Vasant Vihar, Anand Niketan, and Panchsheel.
For a 2,500 sq ft apartment in a Category-A area, the price has increased from ₹10-19 crore in 2024 to ₹14-25 crore in 2025. Similarly, for a 6,000 sq ft apartment, the price has increased from ₹19-45 crore in 2024 to ₹25-55 crore in 2025.
Ankur Jalan, CEO of Golden Growth Fund (GGF), said, "The persistent low supply and high demand in South Delhi continue to drive strong price appreciation for independent apartments."
In Category-B areas of South Delhi, the rates increased by 22-26%.
Some of the Category-B areas are Gulmohar Park, Anand Lok, Defence Colony, Neeti Bagh, Chirag Enclave, and Greater Kailash.
For a 2,500 sq ft apartment, the price has increased from ₹7-10 crore in 2024 to ₹9-12.5 crore in 2025. Similarly, for a 3,200 sq ft apartment, the prices have increased from ₹11-16 crore in 2024 to ₹14-19 crore in 2025.
The Municipal Corporation of Delhi (MCD) has divided all areas of Delhi into eight categories – A, B, C, D, E, F, G and H. Circle rates, property tax rates, and stamp duty charges for property registration are based on these categories.
The AIF focuses on real estate investments in South and Lutyens' Delhi.