The real estate potential of South Delhi, one of India’s poshest regions, is worth Rs 5.65 lakh crore across 42 MCD-regulated colonies with plots (occupied and vacant) in Category A & B colonies accounting for over Rs 5.35 lakh crore, according to a report by Golden Growth Fund (GGF), a category-II real estate-focused Alternative Investment Fund.
As per the report, around 18,446 plots are available across the 42 Cat A, B & C colonies in South Delhi whose size ranges from 125 sq. yd. to 1750 sq. yd. at an average price of Rs 6 to Rs 15 lakh per sq. yd.
The Municipal Corporation of Delhi (MCD) has divided all colonies of Delhi under eight categories – A, B, C, D, E, F, G & H. Circle rates, Property Tax rates and Stamp Duty charges for property registration are based on these categories. Category A and B are the most exclusive locations, which are located in South Delhi.
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In the 13 Category A colonies, around 3704 plots are available whose size ranges from 200 sq. yd. to 1200 sq. yd. at an average price of Rs 7 lakh per sq. yd. to Rs 15 lakh per sq. yd.
In the 27 Category B colonies, around 12,720 plots are available whose size ranges from 125 sq. yd. to 1750 sq. yd. at an average price of Rs 6 lakh per sq. yd. to Rs 12 lakh per sq. yd.
Some of the Category-A and B colonies are Mayfair Garden, Panchsheel Park N Block, Panchsheel Park S & E Blocks, Sadhana Enclave, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chankyapuri, Golf Links, JorBagh, Sundar Nagar, Maharani Bagh, Chirah enclave, GK, Green Park, Gulmohar Park, Niti Bagh etc.
With fully-developed surrounding infrastructure and the novelty of an iconic address, South Delhi has become an ideal location for homes that offer exclusive and luxurious living experiences.
Ankur Jalan, CEO, Golden Growth Fund, said, “South Delhi is predominantly inhabited by the wealthy class comprising businessmen, lawyers and salaried professionals with taste for luxurious floors and villas. As a result, a lot of new developments on vacant plots or redevelopment of old buildings are being undertaken to suit the taste of the neo-rich next-Gen and cater to the needs of the growing families.
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