Delhi, the capital of India, has rapidly emerged as one of the most lucrative cities for real estate investments, attracting not only industrialists, businessmen, and politicians but also celebrities and sports stars. According to the Hurun India Rich List 2024, Delhi is home to a staggering 57 billionaires, making it the second richest city in India, just behind Mumbai. This surge in wealth has led to a dramatic increase in property prices across the city, particularly in select areas that have become synonymous with luxury and exclusivity. In this article, we explore the seven most expensive residential locations in Delhi.
1. Prithviraj Road
Prithviraj Road is undoubtedly one of the most prestigious addresses in Delhi. Nestled in the heart of Lutyens’ Delhi — the area that houses some of the most opulent residences in the city — it is a prime residential area for politicians, industrialists, and high-net-worth individuals. The road is flanked by the sprawling greens of the Golf Course, and it is located close to key historical sites like Safdarjung Tomb, a monumental structure dating back to 1754. The area is known for its sprawling bungalows and luxurious estates that boast unmatched levels of privacy and security. Real estate here is among the most expensive in Delhi, with prices running into several crores of rupees.
2. Jor Bagh
Situated near prominent historical monuments like Humayun’s Tomb and Safdarjung Tomb, Jor Bagh is another prime residential area favoured by the city’s elite. Its proximity to the lush expanse of Lodhi Gardens, one of Delhi’s greenest areas, adds to the area’s charm. Popular among Bollywood celebrities, politicians, and business magnates, Jor Bagh offers a mix of palatial homes and modern apartments. Its location, just a stone’s throw away from buzzing commercial hubs like Khan Market, further enhances its appeal. The area enjoys excellent connectivity, and its ambiance of tranquillity and exclusivity makes it a coveted address in the capital.
3. Defence Colony
Located in the heart of South Delhi, Defence Colony is another sought-after residential area, home to some of the wealthiest families in India. The area’s proximity to important landmarks, such as the prestigious AIIMS hospital, top medical facilities, and well-known restaurants, ensures its popularity among high-net-worth individuals. Defence Colony boasts seamless connectivity to other parts of Delhi through the metro, making it an ideal choice for those who prefer easy access to the city’s commercial and social hotspots. The market here offers spacious independent houses and luxurious apartments, making it one of the prime residential locations for those willing to invest heavily.
4. Model Town
While the southern part of Delhi is traditionally considered the city’s most expensive real estate market, Model Town, situated in the northern part of Delhi, has emerged as a prime residential destination. Developed by DLF Group, Model Town was one of the first residential areas in Delhi to see private development, and it has since become a hub for government officials, businessmen, and celebrities. The area features an impressive mix of independent houses and upscale apartments. Over the years, its growing popularity has made it one of the top luxury destinations in North Delhi, with property values continuing to rise.
5. New Friends Colony (NFC
New Friends Colony (NFC) in South Delhi has long been recognized as one of the most affluent neighbourhoods in the city. This locality is home to a large number of influential businessmen, politicians, and celebrities who prefer the area for its serene environment, wide roads, and luxurious residential properties. NFC offers a range of housing options, from modern apartments to independent houses and bungalows. The area is well-connected to major business districts and is close to some of Delhi’s top schools, colleges, and hospitals, making it a prime choice for affluent families looking for a convenient yet prestigious location.
6. Panchsheel Park
Panchsheel Park, located in the southern part of Delhi, is an upscale locality surrounded by greenery, including the Hauz Khas Forest and Hauz Khas District Park. The area is home to a mix of spacious apartments, independent floors, and large bungalows, with many homes offering lush gardens and private courtyards. The neighbourhood is known for its serene and green environment, making it a popular choice for those looking for peace and privacy amid the bustling city. Additionally, Panchsheel Park is often referred to as the diplomatic district of South Delhi, given its proximity to several embassies and consulates. Its exclusivity, combined with its natural surroundings, makes it one of the most expensive places to live in Delhi.
7. Nizamuddin West
Located just south of India Gate, Nizamuddin West is an upscale locality known for its historical significance and serene environment. The area is home to many prominent personalities, including politicians and businessmen. Despite being a busy area, it is often referred to as the “green lung” of Delhi, thanks to the abundance of greenery around landmarks like Sunder Nursery, Delhi Golf Club, and the iconic Humayun’s Tomb. Nizamuddin West offers a mix of modern apartments and heritage homes, some of which are in restored Mughal-era buildings. The area’s proximity to key commercial and cultural hubs, along with its historical charm, makes it one of the most sought-after addresses in the capital.
Delhi’s real estate market has become a hotbed for luxury living, with a range of neighbourhoods offering elite residences and prime locations. Areas like Prithviraj Road, Jor Bagh, Defence Colony, and Model Town are among the most expensive in the city, providing a perfect blend of exclusivity, history, and convenience. These neighbourhoods have become the addresses of choice for the city’s wealthiest residents, including billionaires, industrialists, and celebrities. As property prices continue to soar, these areas will likely remain the pinnacle of luxury living in India’s capital.
Commentaires