New Delhi, February 26 – South Delhi's real estate landscape presents a significant redevelopment opportunity, with approximately 18,500 privately owned residential plots valued at ₹5.65 lakh crore, according to a report by Golden Growth Fund, a SEBI-registered Alternate Investment Fund (AIF).
Released on Wednesday, the report highlights the immense potential for real estate transformation across some of South Delhi’s most exclusive colonies, categorized under Municipal Corporation of Delhi’s (MCD) A, B, and C classifications.
“With evolving preferences of the next-generation elite and expanding families, old structures are being replaced by modern, ultra-luxurious homes to meet market demands,” Jalan stated.
With rising demand for premium housing, South Delhi’s real estate market remains a hotspot for investors looking to tap into the city’s evolving luxury housing sector.
Released on Wednesday, the report highlights the immense potential for real estate transformation across some of South Delhi’s most exclusive colonies, categorized under Municipal Corporation of Delhi’s (MCD) A, B, and C classifications.
Key Insights from the Report
- Privately Owned Plots: South Delhi has 18,446 residential plots spread across 42 premium colonies regulated by the MCD.
- Size & Pricing: These plots range in size from 125 sq. yards to 1,750 sq. yards, with market rates varying between ₹6 lakh to ₹15 lakh per sq. yard.
- Category A & B Colonies:
- Category A Colonies (13 localities) host around 3,704 plots, with sizes between 200 sq. yards and 1,200 sq. yards, priced at ₹7 lakh to ₹15 lakh per sq. yard.
- Category B Colonies (27 localities) have 12,720 plots, with sizes from 125 sq. yards to 1,750 sq. yards, valued at ₹6 lakh to ₹12 lakh per sq. yard.
Prime Localities Poised for Redevelopment
Some of South Delhi’s most sought-after areas include Mayfair Garden, Panchsheel Park, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chanakyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, Greater Kailash, Green Park, Gulmohar Park, and Niti Bagh.A Growing Market for Luxury Redevelopment
Ankur Jalan, CEO of Golden Growth Fund, emphasized that a certain percentage of these land parcels enter the market annually for redevelopment. South Delhi, home to high-net-worth individuals, businessmen, and professionals, continues to witness a surge in demand for luxury villas and high-end apartments.“With evolving preferences of the next-generation elite and expanding families, old structures are being replaced by modern, ultra-luxurious homes to meet market demands,” Jalan stated.
Investment Prospects
Golden Growth Fund, a Category II real estate-focused AIF, primarily invests in prime properties across South Delhi and Lutyens’ Delhi, capitalizing on the lucrative redevelopment opportunities in these upscale neighborhoods.With rising demand for premium housing, South Delhi’s real estate market remains a hotspot for investors looking to tap into the city’s evolving luxury housing sector.