Did you know that 57 billionaires live in Delhi, making it the ninth most-populated city in the world with billionaires? With the growing number of billionaires and rapid urbanisation, the popularity of posh areas in Delhi is soaring high. Prices for 200-sq-yard reach around Rs. 3 crores, based on the location. If you are new to the city and looking for posh and best localities in Delhi, we have the perfect guide for you. After all, finding a home anywhere in Delhi is no easy feat. While you have heard about Defence Colony or Gulmohar Park, you might not know about the rent range, price of properties for sale, or nearby landmarks. Moreover, because of land saturation, you might still find some properties available for rent or redevelopment. So, let’s take a look at the best posh localities in Delhi below!
Top Posh Residential Localities in Delhi
Finding the neighbourhood where you can build your home sweet home is a difficult task. With posh residential areas on the rise, the city has become a boon for real estate investments. The blend of modern amenities and ancient architectural influences adds flavour to the ever-growing real estate market. The ongoing infrastructure and well-built public spaces bring out the charm of each locality. To help you sort your home in one of the posh localities in Delhi, we provide a curated list below.
1. Defence Colony
Located in the heart of Delhi, Defence Colony is one of the well-known posh localities. The area is well-connected with Delhi Metro, Nizamuddin Railway Station, and Indira Gandhi International Airport. Needless to say, the locality is well-connected to public transport and has easy access to hospitals to maintain a quality lifestyle. As per the latest survey, properties for sale start at Rs. 2.6 crore and can go up to Rs. 45 crore. Below, we share the rent range of this posh locality in Delhi:
| Property Size | Rent Range | Average Rent |
| 1 BHK | INR 25,000- 47,000 | INR 36,000 |
| 2 BHK | INR 50,000 | INR 50,000 |
| 3 BHK | INR 75,000- 1.1 L | INR 92,500 |
2. Safdarjung Enclave
With some of the richest people staying in this area, Safdarjung Enclave is one of the most coveted areas to choose from. The area shares a proximity to the south of Hauz Khas and has smooth connectivity to other parts of the city. Lodhi Garden, National Museum, Red Fort, and Dilli Haat are located near Safdarjung. If you want to buy two-bedroom units, you should expect it to start from a crore and upwards. However, the property prices can go up to INR 50 crores. The rental properties cost less, and here is the breakdown of the rental prices in Safdarjung.
| Property Size | Rent Range | Average Rent |
| 1 BHK | INR 45,000 | INR 45,000 |
| 2 BHK | INR 40,000- 75,000 | INR 58,833 |
| 3 BHK | INR 55,000 | INR 55,000 |
3. Jangpura Extension
With easy access to Jangpura Extension Metro Station, Jangpura is located in South Delhi and features access to lifestyle and healthcare facilities. Also, the Tomb of Mirza Ghalib, Dargah Hazrat Nizamuddin Aulia, and many temples add value to the area. For independent houses and residential plots, the sale starts at Rs. 11.50 crores. The area is also popular among tourists and travellers, and below is the rent breakdown:
| Property Size | Rent Range | Average Rent |
| 1 BHK | INR 20,000- 40,000 | INR 22,000 |
| 2 BHK | INR 28,000- 32,000 | INR 30,000 |
| 3 BHK | INR 80,000 | INR 80,000 |
4. Model Town
Another upmarket locality in Delhi, Model Town is popular for its high-end bungalows and villas. It holds a reputation as one of the oldest localities in Delhi, and its sub localities are Azadpur, GTB Nagar, and Adarsh Nagar. Naini Lake, Coronation Park, and Gurdwara Nanak Piao are popular places to visit near Model Town. You can find several luxury apartments of 4 BHK and 5 BHK ranging between INR 8- 15 crore. Below, we share the rental range of Model Town:
| Property Size | Rent Range | Average Rent |
| 1 BHK | INR 10,000- 20,000 | INR 15,3573 |
| 2 BHK | INR 10,000- 32,000 | INR 19,800 |
| 3 BHK | INR 35,000 | INR 35,000 |
5. Jor Bagh
Located near the Safdarjung’s Tomb, Jor Bagh is connected by Jor Bagh Metro Station. The area is surrounded by some of the top attractions in Delhi, such as National Zoological Park, Lodhi Garden, India Habitat Centre, etc. With a high liveability index, Jor Bagh is one of the top expensive areas to live in India. Plus, Nexus City Walk and DLF South Square are also nearby, ensuring the utmost level of convenience. If you want to buy properties in Jor Bagh, the range starts from Rs. 13 crores and may go up to Rs. 78 crores. Below, we mention the trend for rental properties:
| Property Size | Rent Range | Average Rent |
| 1 BHK | INR 40,000- 85,000 | INR 62,500 |
| 2 BHK | INR 1.5L | INR 1.5L |
| 3 BHK | INR 1.5L- 5.5L | INR 2,88,259 |
6. Gulmohar Park
Gulmohar Park, maintained by the Delhi Development Authority, is one of the affluent localities in Delhi. A group of journalists established its neighbourhoods in the 1970s, and some of the prominent names in journalists, senior lawyers, and Bollywood actors own properties here. Siri Fort Auditorium, Siri Fort Sports Complex, NIFT, and AIIMS are located within the vicinity. The property prices start from INR 1 crore for a standard unit and can increase up to as much as INR 30 crores. Here, we give you a glimpse of the rental range of 1 BHK, 2 BHK, and 3 BHK:
| Property Size | Rent Range | Average Rent |
| 1 BHK | INR 17,000- 50,000 | INR 29,714 |
| 2 BHK | INR 52,000 | INR 52,000 |
| 3 BHK | INR 55,000- 2L | INR 1,01,250 |
7. Shanti Niketan
Being one of the high-end localities in Delhi with a high liveability index, the locality houses top industrialists. Thanks to its strategic location, other posh areas such as Vasant Vihar and Chanakyapuri increase the property value. Initially, the area was exclusive to government officials. Also, the Rail Museum, Darya Khan’s Tomb, and Firoz Shah’s Tomb are near Shanti Niketan, Delhi. Because of the supply of resale units, prices of properties start at INR 5 crores and may touch up to INR 80 crores.
| Property Size | Rent Range | Average Rent |
| 1 BHK | INR 35,000 | INR 35,000 |
| 2 BHK | INR 60,000 | INR 60,000 |
| 3 BHK | INR 1.2L- 4L | INR 2,62,863 |
Since the Delhi government has slashed the property circle rates, the demand for bungalows, villas, and cottages has gone up significantly. Needless to say, discounted prices are attracting homebuyers to posh areas in Delhi. In case you are moving to Delhi and not willing to make upfront costs for furnishing, you should head to Rentomojo and get furniture on rent. Rent Now!
Frequently Asked Questions
1. Which is the richest part of Delhi?
Lutyens Delhi is widely considered the richest part of Delhi. This prestigious area is home to government officials, diplomats, and affluent residents, and boasts luxurious mansions, sprawling green spaces, and world-class amenities.
2. Is South Delhi rich?
Yes, South Delhi is generally considered one of the most affluent areas in India. With its upscale neighbourhoods, luxurious housing complexes, and high-end amenities, South Delhi has long been a symbol of wealth and prestige.
3. Is 40k enough to live in Delhi?
40,000 rupees might not be sufficient to live comfortably in Delhi. The cost of living in the city, especially in posh areas, is relatively high due to factors like housing expenses, transportation costs, and the general cost of goods and services.
4. Is CR Park a posh area?
No, CR Park is not considered a posh area in Delhi. While it’s a popular and vibrant neighbourhood known for its street food and markets, CR Park is primarily a middle-class residential area.
5. Is Delhi an expensive place to live?
Yes, Delhi is generally considered an expensive city to live in. The high cost of living is primarily attributed to factors such as real estate prices, transportation costs, and the overall high demand for goods and services in the city.
6. Which are the richest colonies in Delhi?
Jor Bagh, Shanti Niketan, Vasant Kunj, and Sundar Nagar are some of the rich areas in Delhi.
