Real Estate Hot Spot Series: Average cost of 2-BHK in posh South Delhi area is over Rs 1.2 crore

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In this week’s ET Wealth real estate hotspot series, we take a look at the affluent residential area of ​​Green Park in South Delhi. The area covers the localities of the enclave of Safdarjung, Green Park, Gulmohar Park, Hauz Khas and Panchsheel Park. It offers upscale accommodation and upscale shops. The region is also home to prominent educational institutions and hospitals such as IIT, NIFT, IIIFT, Safdarjung Hospital, AIIMS, etc.

Green Park is 10 km from the airport, 11 km from the nearest train station and 3 km from the inner ring road. The price range for apartments in the area is between Rs 11,900 per square foot and Rs 35,600 per square foot. The average cost of 2 BHK is Rs 1.22 crore, 3 BHK is Rs 3.63 crore and 4 BHK costs Rs 7.34 crore.

Local Snapshot: Green Park, New Delhi

  • Leading micro-market located in South Delhi comprising affluent residential and high-end retail businesses
  • Host leading educational institutions and hospitals such as IIT, NIFT, IIIFT, Safdarjung Hospital, AIIMS, etc.
  • Presence of key sales outlets such as Hauz Khas Village, Green Park Mkt, SDA Mkt and Aurobindo Mkt
  • Robust connectivity via Inner Ring Rd, ORR, Aurobindo Marg as well as yellow and magenta metro lines
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Provided by BHK

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Consumer preference by budget segment (Rs)

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Consumer preference per covered area (sq. Ft.)

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  • 10+ schools
  • Hospitals 10+
  • 20+ restaurants
  • Banks 20+
  • 20+ grocery stores
  • 10+ fuel pumps

Source: magic bricks


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