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These seven most exclusive places in Delhi boast of property prices of up to lakhs per square foot. This makes them inaccessible and prestigious areas of the city
Some of the most expensive residential areas in Delhi include Defense Colony, Model Town and Panchsheel Park. (Lawyer/News18 Hindi)
While property prices are rising across the country, the situation in the national capital presents a unique situation. Seven areas within Delhi stand out as the most expensive, where even one square meter of land can cost many rupees, making acquiring properties an unrealistic prospect for many.
Prithviraj Road
Prithviraj Road reigns supreme as the most expensive area of ​​Delhi. Located in the heart of Lutyens’ Delhi, this prestigious area is home to rich people and influential politicians. Property prices in this historic area, near Safdarjung Tomb, have gone up to Rs 3 lakh per square foot. Hence, houses here command a price tag ranging from Rs 100 to Rs 150 crore.
Jor Bagh
Jor Bagh, the second most expensive place in Delhi, is located near Humayun’s Tomb and the historic Safdarjung Tomb. The area is known for its lush greenery, is close to the famous Lodhi Garden and is home to a string of Bollywood celebrities and prominent politicians. Located near the city’s most expensive market, Khan Market, the property at Jor Bagh commands a premium price. A 1 to 4 BHK flat in this sought-after area can range from Rs 5 to 35 crore.
Defense Colony
Defense Colony is ranked as the third most expensive area in Delhi, with property prices rising to £99,000 per square foot. This sought-after location is a renowned medical center, home to several leading hospitals, including AIIMS. Residents also benefit from a wealth of amenities, including many restaurants, supermarkets, and easy access to the metro system. A 3 to 4 bedroom flat in Defense Colony, with its prime location and complete amenities, will cost between Rs 7 and Rs 10 crore.
A Model City
Model Town stands out as one of the most expensive markets in Delhi. The presence of many prestigious communities developed by the DLF Group contributes to its exclusiveness. Known as the residence of government officials, business professionals, and celebrities, Model Town commands premium property prices, which go up to Rs 20,000 to 25,000 per square foot.
New Friends Colony
New Friends Colony is one of the most affluent areas in Delhi, famous for its aesthetic appeal, characterized by wide roads, abundant greenery, and beautiful parks. The area includes only luxury properties, with prices up to Rs 33,000 per square foot. Accommodation options include apartments, houses, and bungalows. In addition, New Friends Colony boasts of proximity to Delhi’s best schools, colleges and hospitals.
Panchsheel Park
South Delhi’s Panchsheel Park area is one of the most expensive areas in the capital. The abundance of greenery and proximity to the forest and park of Hauz Khas sets it apart from other neighbourhoods. The area offers a mix of apartments, houses, and bungalows, with property prices ranging from around Rs 60,000 per square foot. Panchsheel Park embodies a unique blend of nature and modernity.
Nizamuddin West
Nizamuddin West is another expensive area. Land prices generally range from Rs 7,000 to Rs 47,000 per square foot. The area is known for its historical importance, surrounded by notable sites like Sunder Nursery, Delhi Golf Club, and Humayun’s Tomb, making it a very desirable residential area.