Delhi is one of the most attractive cities for real estate investment in the country. According to the Hurun India Rich List 2024, 57 of the country’s top billionaires live in Delhi. Some special areas of Delhi have become a symbol of luxury living in the country. Here we are telling you about some expensive residential areas of Delhi.
Prithviraj Road
Prithviraj Road comes first in the list of most expensive residential areas of delhi. It is indeed situated in the center of New Delhi. It is the favorite residential area of politicians, industrialists and rich people. this road is surrounded by the lush green grounds of the golf course. This area is known for its huge bungalows and luxurious houses.Here you will get a fantastic combination of solitude and security. The price of houses here starts from several crores of rupees.
Jor Bagh
Jor Bagh comes second in this list. It is located near major ancient monuments like Humayun’s Tomb and Safdarjung Tomb. It is counted among the most posh areas of Delhi. Many Bollywood celebrities, politicians and big businessmen live here. In Jor Bagh you will find a mix of old-fashioned houses and modern apartments.it is near Lodhi Garden, one of the greenest areas of Delhi. The peaceful and wonderful atmosphere here makes it a favorite destination of the capital.
Defence Colony
Defense Colony comes at number three, which is located in the heart of South Delhi. Some of the richest families of the country live in this posh area. The area is in close proximity to reputed hospitals like AIIMS, excellent medical facilities and renowned restaurants. This is the biggest reason for its popularity among rich people. Here you will find big luxurious houses and luxurious apartments. This is one of the best residential localities for those who want to make a large investment.
Model Town
Model Town is at number four in this list. However, South Delhi is traditionally considered to be the most expensive real estate market of Delhi. But Model Town, located in North Delhi, has emerged as a prime residential location.Model Town, developed by DLF Group, was one of the first residential areas in Delhi where the private real estate sector established itself.as then it has become a hub for government officials, businessmen and celebrities.In this area you will find a great mix of luxurious houses and luxurious apartments. Its increasing popularity in the last few years has made it one of the most expensive areas of North Delhi.
New Friends Colony
New Friends Colony is at number five in the list of richest areas of Delhi.Located in South Delhi, this area has long been considered one of the richest areas of the city. A large number of influential businessmen, leaders and celebrities live here. This area has a peaceful environment, wide roads and luxurious houses. The area is well connected to major business centres. Also, some of the best schools, colleges and hospitals of Delhi are also nearby. It is the first choice for wealthy families who are looking for a convenient yet luxurious place.
Panchsheel Park
Panchsheel Park is at number six in this list. This area is also located in south Delhi. This is a posh area surrounded by greenery from all sides. There is Hauz Khas Forest and Hauz Khas District Park. Here you will find big apartments,independent floors and big bungalows. Many homes also have lush gardens and private courtyards. This area is known for its calm and lush green environment. It is a popular choice for those looking for peace and quiet away from the hustle and bustle of the city. There are many embassies and consulates in Panchsheel Park. Its uniqueness and natural beauty make it one of the most expensive places to live in Delhi.
Nizamuddin West
Nizamuddin West comes at number seven in this list. This is a posh area located south of India Gate. It is known for its historical importance and serene environment. Many famous personalities live here. It is a busy area, yet it is often called the Green Lung of Delhi.the reason for this is that there is a nursery, Delhi Golf Club and Humayun’s tomb close to it. Here you’ll find a mix of modern apartments and period-style houses.
How does the demand for luxury properties in Delhi compare to other major Indian cities?
Interview: The Future of Luxury Real Estate in Delhi
Time.news Editor (T): Welcome to Time.news! Today, we have with us Mr. Arun Malhotra, a leading real estate consultant and expert on luxury properties in India. arun, thank you for joining us.
Arun Malhotra (A): Thank you for having me! It’s a pleasure to discuss the fascinating world of real estate in Delhi.
T: Delhi is emerging as one of the prime destinations for real estate investment in India. according to recent reports, it’s home to 57 of the country’s top billionaires. What do you think makes Delhi so attractive to wealthy investors?
A: Delhi’s allure really lies in its unique combination of culture, politics, and commercial vibrancy. It is not onyl the capital city but also a melting pot of opportunities. The presence of thes billionaires speaks volumes about the potential for luxury living. moreover, the infrastructure and amenities that cater to their lifestyle are continually improving.
T: Speaking of luxury living, Prithviraj Road has been highlighted as the most expensive residential area in the city. What makes this location so special?
A: Prithviraj Road is quite iconic. It’s centrally located and surrounded by green spaces, including lush golf course grounds. The bungalows and luxury homes there define opulence. This area boasts a sense of privacy and exclusiveness, which is highly desirable for politicians and industrialists. The architectural beauty and the past significance of the area add to its charm.
T: It sounds like a haven for the affluent! Are there any other high-end areas in Delhi that are gaining attention?
A: Absolutely! Apart from Prithviraj Road, we have areas like Chanakyapuri, which is known for its embassies and diplomatic missions, as well as areas like Greater kailash and vasant Vihar, which continue to attract wealthy buyers. Each of these neighborhoods has its own unique character, but they all share the common attribute of offering a luxurious lifestyle.
T: Do you think the demand for luxury properties in Delhi is sustainable in the long run?
A: Yes, I do. As Delhi continues to grow economically, the influx of wealth will increase the demand for luxury housing. Moreover, the younger generation is beginning to see real estate as not just a place to live, but as a long-term investment. This trend will sustain the luxury market, especially if developers continue to innovate and enhance the offerings.
T: Interesting! With the current developments in the real estate sector, what future trends do you foresee for luxury living in Delhi?
A: I believe we will see a greater emphasis on sustainability and smart homes. Luxury consumers are becoming more conscious about their environmental impact,and developers are starting to respond to this demand with eco-amiable designs and technology-driven homes. Additionally, we can expect to see more blended spaces where work and leisure coexist.
T: it’s exciting to think about the future! Before we wrap up, what advice would you give to potential investors looking at the luxury real estate market in Delhi?
A: My advice would be to do thorough research. Look for areas that are poised for growth, not just based on current standards, but also considering future infrastructure projects and policy changes.Collaborating with credible real estate consultants can help navigate this complex market. And, of course, always invest in quality over quantity.
T: Wise words, Arun! Thank you for sharing your insights on luxury real estate in Delhi. It’s certainly a captivating topic, and we appreciate you joining us today.
A: Thank you! It’s been a pleasure discussing these ideas with you.