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Golden Growth Fund has reported continued price appreciation in South Delhi’s luxury floor market during the first quarter of 2026, with Category B colonies registering stronger annual growth than Category A neighbourhoods. According to the fund’s latest market assessment, prices of luxury builder floors in Category B colonies increased between 23% and 32% year-on-year, while Category A colonies recorded growth between 14% and 22%. The report noted that prices for premium floors in Category A locations ranged from INR 19.5 crore to INR 40 crore on average, whereas Category B colonies recorded average pricing between INR 10.75 crore and INR 16.5 crore. The fund attributed the demand momentum to limited supply, rising migration of affluent buyers within Delhi and sustained investor interest in established luxury residential micro-markets despite wider real estate market moderation.
South Delhi’s luxury builder floor market continued to witness strong price appreciation during the first quarter of 2026 despite moderation across broader residential markets, according to a report released in the past week by Golden Growth Fund. The report stated that luxury floor prices across key South Delhi colonies increased by as much as 32% year-on-year between January and March 2026, driven by persistent demand and limited redevelopment supply. Advertisement
The fund’s analysis showed that Category B colonies outperformed Category A locations in terms of annual price growth during the quarter. Prices in Category B colonies rose between 23% and 32% year-on-year, compared with growth of 14% to 22% in Category A colonies.
In value terms, however, Category A colonies continued to command significantly higher ticket sizes. According to the report, the average price for luxury floors in Category A locations ranged between INR 19.5 crore and INR 40 crore, while Category B colonies recorded average prices between INR 10.75 crore and INR 16.5 crore.
For 2,500 sq ft floors in Category A colonies, prices ranged between INR 14 crore and INR 25 crore during the first quarter of 2026, with the average price increasing 22% year-on-year to INR 19.5 crore. Larger 6,000 sq ft floors in the same category were priced between INR 25 crore and INR 55 crore, with average pricing rising 14% year-on-year to INR 40 crore.
In Category B colonies, prices for 2,500 sq ft floors ranged between INR 9 crore and INR 12.5 crore, while the average price rose 23% year-on-year to INR 10.75 crore. Floors measuring 3,200 sq ft recorded the highest appreciation, with prices ranging between INR 14 crore and INR 19 crore and average values increasing 32% year-on-year to INR 16.5 crore.
Ankur Jalan stated that Category B colonies have witnessed stronger appreciation due to increasing demand depth within South Delhi’s premium housing market. He indicated that pricing continues to vary considerably across individual colonies and micro-markets, while buyer migration from other parts of Delhi towards South Delhi locations has also increased in recent quarters.
He further noted that the combination of high demand and constrained supply is expected to keep pricing resilient despite wider market fluctuations across NCR. According to Jalan, broader market slowdowns could potentially increase investor interest in established luxury residential assets within South Delhi.
The report also noted that geopolitical uncertainty arising from the ongoing West Asia conflict may result in capital reallocation towards established premium residential markets such as South Delhi, particularly among wealthy Indian families and non-resident Indian investors.
Category A colonies highlighted in the report include Mayfair Garden, Panchsheel Park, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chanakyapuri, Golf Links, Jor Bagh, Sundar Nagar and Maharani Bagh. Category B colonies include Chirag Enclave, Anand Lok, Greater Kailash, Green Park, Gulmohar Park, Niti Bagh, Defence Colony, Safdarjung Enclave and Kailash Colony.
According to the report, approximately 18,500 plots are spread across 42 Category A and B colonies in South Delhi, with an estimated redevelopment potential of nearly INR 6.5 lakh crore. The report added that the Municipal Corporation of Delhi classifies colonies under eight categories ranging from A to H, which form the basis for circle rates, property taxation and stamp duty calculations across the capital.
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