The Posh Areas in New Delhi are nothing less than an epitome of the love which Delhiites posses for property investments. The incredibly expensive and rich areas in Delhi are home to some, an investment opportunity for some and definitely an unshakable and achievable goal for many people out there. But, have we ever wondered that what makes these residential areas of Delhi attract so many people from all walks of life? Not only do these places reflect speechless beauty in a great locality but also the industrialists, politicians etc. add to the credibility of these places.
Posh Areas in Delhi
Let’s begin with the hunt of Delhi’s posh residential areas and get to know what all it takes to make it to Delhi’s posh area list.
Lutyens Bungalow Zone
This area has been named after Edward Lutyens and covers an area of about 26 km and further consists of some 1000 bungalows within. Apart from consisting the most expensive real estate in the Country, you can find homes of extensively famous politicians, business tycoons along with ravishing places like the Nehru Park, Lodhi Gardens as well as the race course which is in close vicinity to the Presidential Estate. Lutyen’s Delhi also includes other spectacularly rich roads like Chanakya Puri, Khan Market as well as Golf Links which portray remarkable architectural design as well as built since India was ruled by the British Empire.
The mention of Lutyens Bungalow Zone is not complete without Aurangzeb Road which is one of the most pre-eminent roads in Lutyens Bungalow Zone, New Delhi. To your surprise, the total assets of the people residing in the Aurangzeb Road sums up to a whopping amount of Rs. 2.2 lakhs crores thus making it the most expensive and one of the posh areas in Delhi.
Property Price: A residential property would cost you Rs. 90,000 per square feet at the Aurangzeb Road, Rs. 68,000 per square feet at Chanakyapuri etc.
Shanti Niketan deserves a definite mention in the list of the posh areas in Delhi. An elite housing colony, Shanti Niketan initially was established for all the government officials but as number of people started to flock in the National Capital, this area became home of the home of the cream and beautiful houses. Placed right in the heart of New Delhi, Shanti Niketan enjoys a little shopping complex which is loved by all. The quaint places of Shanti Niketan are well enjoyed and loved by the industrialists which are based in New Delhi. An up-market residential area, Shanti Niketan has emerged as the second most favoured place amongst the affluent class based in Delhi. You can look for houses and apartments for rent in Shanti Niketan as well as villas and independent houses to own your complete possession on in this area in Delhi.
Property Rates: The average capital values at Shanti Niketan revolve around Rs.39,000 per square feet. The prices of the independent houses and villas range from Rs. 26 crores to Rs. 121 crores and more.
Amrita Shergill Marg
The list of Delhi’s posh areas also has to have the mention of Amrita Shergill Marg which houses impeccable beauties thus inviting a lot of invaders to invest in it. As they say that ‘the fight for a house is the mightiest of them all’, you can tend to notice a lot of auctions and biddings going on and about the housing properties in Amrita Shergill Marg which is witnessed by a whole lot of senior politicians and businessmen who are ready to shed out crores of money to attain the possession at Amrita Shergill Marg. VVIP security, distinguished neighbours, broad roads and nature’s bounty is all that you can spot at Amrita Shergill Marg. You might happen to bump into famous business tycoons like Sunil Bharti Mittal of the Bharti Enterprises as well as the Hindujas. How about knowing that, individually, they possess assets worth Rs. 90,000 crores which has landed Amrita Shergill Marg is one of the posh areas in Delhi.
Property Price at this posh area in Delhi: The apartments located at Amrita Shergill Marg are available for a price of Rs.75,000 per square feet.
Sunder Nagar, Delhi
If bungalows and villas which are located near the art galleries, handicrafts shops as well as greenery and park views fascinate you, Sunder Nagar Area in Delhi is the place for you to admire.Emerging as one of the most favoured residential destinations for the local people residing in Delhi, Sunder Nagar extends a whole lot of options apart from being on the list of Delhi’s posh areas. Sunder Nagar is a posh residential area which is located on Mathura Road, south end of the Purana Qila(Old Fort) and is also close to the zoological gardens. Also, it is known for the antiques, handicraft products and silver produces which are offered by the market in Sunder Nagar. This centrally located district consists of huge bungalows which are blessed with a beautiful design, security, thick greenery and all that is treat to the eye. You can both take up for rent or purchase your own apartment, house or an independent villa at Sunder Nagar, Delhi.
Land Price: If you are up for the renting option, the rentals at Sunder Nagar for a single room is available for Rs.40,000 for a month and for a 4 bedroom apartment, the rent price goes up to Rs.8 Lakhs. Independent villas and bungalows here are highly priced. The prices go up to Rs. 120 crores for an 8 bedroom independent villa in Sunder Nagar.
Vasant Vihar is another addition to the high yielding posh areas in Delhi. This posh neighbourhood places in South West Delhi which has been developed as one of Delhi’s posh residential areas like the Air India Airlines Colony all thanks to its proximity to the enclaves located in Chanakyapuri. Vasant Vihar has 4 major streets namely Munirka Marg, Poorvi Marg, Paschimi Marg and Vasant Marg which end up forming a triangle thus covering most of the neighbourhood available for a residential area in the fabulously rich area of Vasant Vihar. Six blocks are present in this area titled as A to F along with a personal local market in each is available to the residents here. Parks are another addition at Vasant Vihar for all those who wish to be surrounded by nature. Schools and corporate offices are other addition at Vasant Vihar for the convenience of the residents here at Vasant Vihar.
Cost of land: The price of a 2 BHK residential apartment in Vasant Vihar commences from Rs. 1.3 crores. A 3 BHK apartment in Vasant Vihar will range in between Rs.1.30 crores to Rs. 2.30 crores. The 4 BHK residential apartments begin from Rs 2 crores approximately.
You’ll be surprised to know that your favourite hangout and shopping place common with the name of GK makes it to the list of the posh areas located in Delhi. GK which stands for Greater Kailash is home to the sassy cafes and high-in-brand shops and atmosphere which is experienced by the elite class every now and then on a great note. Greater Kailash extends a peaceful and a rich aura which is spread in a widespread area and also enjoys an easy network with the outer ring road. Greater Kailash is a dream abode for a large chunk of the population out there and is considered to be one of the top three posh localities in Delhi since a very large time span. Another fact about Greater Kailash which not many people are aware of is that GK also is one of the largest hubs providing sanitary ware in North India.
Property Pricing: An independent 3 BHK or builder floor in Greater Kailash 1 will cost you somewhat Rs. 3 crores whereas a 4 BHK varies in between Rs. 4-5 crores and above. Exclusive properties like independent houses and villas in the Greater Kailash area begins at around Rs. 20 crores.
Defence Colony which is popularly known as the ‘Def Col’ amongst the residents of this area is a premium colony and is popular in South Delhi for the extravagant and lavish lifestyle which is lived by the people here. Initially, the Defence Colony was a colony established for the officer class and only had few yet sufficient bungalows. In the present scenario, it has transformed into one of those posh areas in Delhi where the elite class resides and is surrounded by another famous place for the shopping sprees – Lajpat Nagar and is also accessible from Connaught Place which adds to the various advantages of this area in Delhi. Apart from being the abode of the super-rich in the Capital of India, Defence Colony also is one of the safest localities all thanks to the numerous number of gates which limit both the entry as well as the exit of the people in this area.
Property: A rented house in Defence Colony ranges in between Rs.90,000 for a month to Rs. 1 lac. 2 and 3 BHK apartments are available in this area for both rent and purchase. The capital rates tend to differ from Rs.20,000 to Rs.50,000 per square feet.
Apart from these 7, there are other rich beauties as well which are located in the Capital of India like Jor Bagh, Friends Colony & New Friends Colony, Nizamuddin East & West, Gulmohar Park, Hauz Khas, Safdarjung Development Authority, Sarvpriya Vihar, Green Park, Jangpura Extension, Panchsheel Enclave and many more.
Delhi has its own Billionaire’s zone with the availability of the posh areas in Delhi. The villas and houses in these areas in Delhi are placed at the back of the roads and are obscured from view because of the fences, trees and a lot of other aspects. So, if you have a thing for such localities, do try and visit!