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Property Rates in Delhi The Best Places to Rent in Delhi with the Most Supply Delhi Flat Rate / Delhi Apartment Cost Plot/land Rates in Delhi House Rates in Delhi (Independent)Property Rent in Delhi Frequently Asked Questions About Property Rates in Delhi

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Home Blog Property Buyers Guide Property Rates in Delhi

2024 Real Estate Trends and Property Rates in Delhi

Updated : August 8, 2023

Author : pooja

Property Buyers Guide

4767 views

Delhi, or NCT of Delhi, is an Indian city and union territory that includes New Delhi, the country's capital. The NCT is 1,484 square kilometres in size (573 sq. mi). Delhi's metropolitan area, which includes the commuter towns of Ghaziabad, Faridabad, Gurgaon, and Noida in the National Capital Region (NCR), has more than 28 million people, making it India's and the world's second-largest metropolitan region. The increased demand for property rent in Delhi is due to this. According to the 2011 census, the population of Delhi's city proper was over 11 million, while the population of the NCT was above 16.8 million. As the economic and political capital of the country, Delhi attracts the attention of a variety of media outlets. As the economic and political capital of the country, Delhi attracts the attention of a variety of media outlets and such employment opportunities attract a lot of migrants, thereby boosting the property rates in Delhi.

Delhi is India's wealthiest metropolis (behind Mumbai), with 18 billionaires and 23,000 millionaires. Delhi is ranked sixth among Indian states and union territories in terms of human development. Delhi has India's second-highest GDP per capita (after Goa). Despite being a union territory, the NCT of Delhi's political system today is more akin to that of an Indian state, with its legislature, high court, and the executive council of ministers led by a Chief Minister. The government of India and the local administration of Delhi jointly administer New Delhi, which acts as both the nation's capital and the National Capital Territory of Delhi. All these facts contribute to the property rates in Delhi.

Property Rates in Delhi

Patel Nagar, West Patel Nagar, and IP Extension are only a few of Delhi's most popular residential regions. There are many new launch projects in Delhi and a large number of inexpensive flats. While land prices in Delhi are rising, you may also buy plots and properties here.

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Where should you look for a rented house in Delhi if you're looking for one? Take note of the following:

3 BHK units are famous as the cost of a 3 BHK flat in Delhi is quite reasonable in the long run.
You may also get reasonably priced rental properties for less than Rs 20,000 per month. These are usually smaller rental flats, such as 1RK, 1BHK, or 2BHK. Rohini, New Ashok Nagar, Dwarka's sectors, Najafgarh, Shakarpur Khas, Munirka, and Pandav Nagar are just a few examples. The concept of 1RK (room, kitchen) is taking on in high-demand areas like East of Kailash, Mayur Vihar I, Saket, Malviya Nagar, and Greater Kailash I. Such rental houses in Delhi are in high demand and are frequently occupied by single professionals or students. This is popular because of the low rent for a modest flat.
Ashok Nagar and Karampura are two rising and expanding areas that have piqued the curiosity of potential renters. These areas have rental properties that are reasonably priced. The proximity to job areas has also drawn tenants to Rajouri Garden and Paschim Vihar. Rental homes in these areas might cost anything from Rs 3,500 to Rs 60,000 per month, the quality of the construction, the developer's brand, and other factors. These are the prices for 1 bedroom, 2-bedroom, 3 bedroom, and more extensive options.
Are you looking for fully furnished rental flats in Delhi? There are around 6,000 such properties in Delhi. The monthly rent for such mansions would range from Rs 10,000 to Rs 10 lakh, depending on various conditions. Golf Links, Defence Colony, Jor Bagh, and Vasant Vihar are just a few prominent neighbourhoods. Areas such as Patel Nagar and Vasundhara Enclave, among others, may have affordable, completely furnished rental houses.
There are numerous luxury properties for rent in Delhi. Shanti Niketan, Greater Kailash, Gulmohar Park, Vasant Vihar, Defence Colony, Civil Lines, Panchsheel Park, Greater Kailash I and II, Golf Links, East of Kailash, Pamposh Enclave, Safdarjung Enclave, and others have villas, independent homes, and apartments for rent in Delhi that cost more than Rs 1 lakh per month.
Based on amenities, rent may differ from one neighbourhood to the next. In Delhi, there are around 1,000 rental houses, most of them are villas or single-family homes. The pricing range in Jor Bagh is vast, ranging from Rs 4,000 per month for a 1RK to Rs 20 lakh per month for a 7 BHK flat.
In Delhi, the rental yield is 3.389395 percent. This isn't the case for all of Delhi's neighbourhoods. Residential properties on the market for rent, on the other hand, can help you recoup 3.389395 percent of the property's cost on average.

The Best Places to Rent in Delhi with the Most Supply

Patel Nagar, West Patel Nagar, and IP Extension are popular neighbourhoods in central Delhi.
Mayur Vihar I, New Ashok Nagar, and Laxmi Nagar (near the metro) have the most rental properties in East Delhi.
Malviya Nagar, Greater Kailash I, and Defence Colony in South Delhi all have 1BHK, 2BHK, 3BHK, and even larger configurations available for rent.
If you seek affordable flats and independent homes to rent in West Delhi, Rohini, Paschim Vihar, and Uttam Nagar are good options.

Delhi Flat Rate / Delhi Apartment Cost

Average flat cost in Delhi:

1BHK- INR 41 lakhs
2BHK- INR 83 lakhs
3BHK- INR 2.6 crores
4BHK- INR 5.0 crores

Here is a tabulation of property rates in Delhi’s top 15 localities for 2020 and 2021 and the growth rate in the cost. The price is given as a per square feet rate in Delhi for the flat rate in Delhi.

Locality Name	Buy Rates/Price Range (Rs. per sq. ft.)
	2021	2020	Y/Y growth rate
Vasant Kunj	Rs. 9,648 - 12,325/sq. ft.	Rs. 9,048 - 11,725/sq. ft.	1-3%
Dwarka Mor	Rs. 3,782 - 5,015/sq. ft.	Rs. 3,382 - 4,615/sq. ft.	-4-6%
Mayur Vihar - I	Rs. 8,415 - 10,540/sq. ft.	Rs. 8,415 - 10,540/sq. ft.	-5-7%
Uttam Nagar	Rs. 3,570 - 4,548/sq. ft.	Rs. 3,150 - 4,108/sq. ft.	5.56%
Mohan Garden	Rs. 3,442 - 3,995/sq. ft.	Rs. 3,442 - 3,995/sq. ft.	Constant
Saket	Rs. 10,540 - 13,132/sq. ft.	Rs. 10,040 - 12,332/sq. ft.	6-8%
Moti Nagar	Rs. 12,240 - 14,068/sq. ft.	Rs. 10,140 - 13,080/sq. ft.	9.38%
Greater Kailash I	Rs. 14,662 - 18,488/sq. ft.	Rs. 13,062 - 17,088/sq. ft.	14-7%
Kakrola	Rs. 4,122 - 5,992/sq. ft.	Rs. 3,720 - 5,200/sq. ft.	-10.16%
Rajouri Garden	Rs. 7,692 - 10,710/sq. ft.	Rs. 7,192 - 10,200/sq. ft.	-2.18%
Defence Colony	Rs. 19,082 - 27,455/sq. ft.	Rs. 17,682 - 23,555/sq. ft.	3-9%
New Friends Colony	Rs. 11,942 - 16,745/sq. ft.	Rs. 11,942 - 16,745/sq. ft.	Constant
Sector-7 Rohini	Rs. 8,500 - 10,115/sq. ft.	Rs. 8,000 - 9,115/sq. ft.	12.14%
Patel Nagar	Rs. 6,248 - 7,438/sq. ft.	Rs. 6,248 - 7,438/sq. ft.	Constant
Punjabi Bagh	Rs. 9,265 - 11,985/sq. ft.	Rs. 7,265 - 10,185/sq. ft.	19%

Plot/land Rates in Delhi

The average land rates in Delhi per square feet is ₹5327/sq. ft

Here is a tabulation of land/ plot rate in Delhi’s top 15 localities for 2020 and 2021 and the growth rate in Delhi property rates area wise. The price is mentioned per land rate in Delhi per square yard.

Locality Name	Buy Rates / Price Range (Rs. per sq. yd.)
	2021	2020	Avg. Y/Y growth rate
Anand Vihar	Rs. 2,78,842 - 3,35,070/sq. yd.	Rs. 2,75,842 - 3,30,070/sq. yd.	1%
Sector-17 Dwarka	Rs. 2,41,358 - 2,70,810/sq. yd.	Rs. 2,35,358 - 2,66,810/sq. yd.	3.81%
Mundka	Rs. 34,042 - 48,195/sq. yd.	Rs. 34,042 - 48,195/sq. yd.	Constant
Jharoda Kalan	Rs. 20,655 - 26,775/sq. yd.	Rs. 19,655 - 25,750/sq. yd.	5.08%
Om Vihar	Rs. 74,205 - 96,008/sq. yd.	Rs. 74,205 - 96,008/sq. yd.	Constant
Shyam Vihar	Rs. 31,365 - 36,338/sq. yd.	Rs. 29,365 - 35,338/sq. yd.	5.95%
Sector-23 Rohini	Rs. 1,43,055 - 1,71,742/sq. yd.	Rs. 1,30,055 - 1,58,742/sq. yd.	10%
Greater Kailash I	Rs. 4,06,980 - 4,41,022/sq. yd.	Rs. 4,06,980 - 4,41,022/sq. yd.	Constant
Jharoda Kalan	Rs. 20,655 - 26,775/sq. yd.	Rs. 20,000 - 24,775/sq. yd.	5%
Rajouri Garden	Rs. 3,04,470 - 3,41,190/sq. yd.	Rs. 3,04,470 - 3,41,190/sq. yd.	Constant
Punjabi Bagh	Rs. 3,26,272 - 4,34,520/sq. yd.	Rs. 3,15,220 - 4,26,250/sq. yd.	9%
New Friends Colony	Rs. 3,06,000 - 3,43,868/sq. yd.	Rs. 3,06,000 - 3,43,868/sq. yd.	Constant
Sector-37 Rohini	Rs. 84,532 - 1,21,635/sq. yd.	Rs. 72,532 - 1,00,635/sq. yd.	20.18%
Shyam Vihar	Rs. 31,365 - 36,338/sq. yd.	Rs. 28,365 - 33,350/sq. yd.	5.95%
Budh Vihar	Rs. 67,320 - 89,122/sq. yd.	Rs. 61,200 - 78,220/sq. yd.	18.72%

House Rates in Delhi (Independent)

The average Price for independent house rates in Delhi is as follows:

1BHK- INR 52 lakhs
2BHK- INR 93 lakhs
3BHK- INR 4.3 crores
4BHK- INR 5.8 crores

Here is a tabulation of real estate prices in Delhi for the top 15 localities for 2020 and 2021 and the growth rate in the cost. The property prices in Delhi are given as per the current square feet rate in Delhi.

Locality Name	Buy Rates / Price Range (Rs. per sq. ft.)
	2021	2020	Avg. Y/Y growth rate
Vasant Kunj	Rs. 15,682 - 20,315/sq. ft.	Rs. 15,682 - 20,315/sq. ft.	Constant
Dwarka Mor	Rs. 3,485 - 4,165/sq. ft.	Rs. 3,485 - 4,165/sq. ft.	Constant
Mayur Vihar - I	Rs. 4,208 - 5,652/sq. ft.	Rs. 4,708 - 5,992/sq. ft.	-6.61%
Uttam Nagar	Rs. 3,442 - 4,208/sq. ft.	Rs. 3,742 - 4,508/sq. ft.	-1.11%
Mohan Garden	Rs. 3,230 - 3,995/sq. ft.	Rs. 3,230 - 3,995/sq. ft.	Constant
Sadh Nagar	Rs. 4,038 - 5,440/sq. ft.	Rs. 4,038 - 5,040/sq. ft.	1.93%
New Moti Nagar	Rs. 4,845 - 5,695/sq. ft.	Rs. 4,845 - 5,695/sq. ft.	0%
Greater Kailash I	Rs. 14,365 - 18,020/sq. ft.	Rs. 14,000 - 17,720/sq. ft.	0.79%
Kakrola	Rs. 3,400 - 4,292/sq. ft.	Rs. 3,800 - 4,792/sq. ft.	-4.3%
Rajouri Garden	Rs. 8,542 - 11,772/sq. ft.	Rs. 8,150 - 11,272/sq. ft.	2.6%
Defence Colony	Rs. 19,168 - 24,395/sq. ft.	Rs. 19,768 - 24,995/sq. ft.	-5.28%
New Friends Colony	Rs. 12,198 - 15,768/sq. ft.	Rs. 12,198 - 15,768/sq. ft.	Constant
Sector-7 Rohini	Rs. 8,160 - 10,582/sq. ft.	Rs. 8,160 - 10,002/sq. ft.	3.74%
Krishna Nagar	Rs. 4,760 - 6,248/sq. ft.	Rs. 4,490 - 6,048/sq. ft.	2.38%
Punjabi Bagh	Rs. 11,348 - 13,728/sq. ft.	Rs. 11,348 - 13,728/sq. ft.	Constant

Property Rent in Delhi

For those who are looking for a rent house in Delhi, now we will take a look at average flat rents in Delhi. We will discuss all kinds of apartment rent in Delhi like 2 BHK, 3 BHK, 1 BHK, and 1 RK.

2 BHK Rent in Delhi

The average 2 BHK rent in Delhi is Rs. 36,283. Here we have tabulated the property rent in Delhi’s top 15 localities for 2020 and 2021 and the growth rate in the rent.

Locality Name	Average Rental Rates of 2 BHK
	2021(Rs)	2020 (Rs)	Avg. Growth Rate Y/Y
Uttam Nagar	13,500	18,200	-10-18%
Saket	28,500	18,000	20%
Dwarka Mor	9,750	10,900	Constant
Paschim Vihar	16,500	21,000	15-20%
Greater Kailash 1	42,500	42,000	Constant
Vasant Kunj	27,250	20,000	20-35%
Defence Colony	53,000	70,000	-18-27%
Hauz Khas	41,500	47,500	-15-20%
Vasant Vihar	74,500	78,250	-3-7%
Panchsheel Park	69,500	50,250	20-35%
New Friends Colony	54,000	57,750	-3-7%
Lajpat Nagar	25,000	32,500	-15-25%
East of Kailash	47,500	52,500	-10-18%
Rajouri Garden	22,750	22,600	Constant
Punjabi Bagh	18,500	26,375	20-30%

3 BHK Rent in Delhi

The average 3 BHK rent in Delhi is Rs. 51,308. Here we have tabulated the Delhi house rent price in the top 15 localities for 2020 and 2021 and the growth rate in the rent.

Locality Name	Average Rental Rates of 3 BHK
	2021(Rs)	2020 (Rs)	Avg. Growth Rate Y/Y
Uttam Nagar	15,000	18,000	-15-20%
Saket	57,500	43,500	15-25%
Dwarka Mor	14,750	12,000	10-15%
Paschim Vihar	39,000	34,820	17-23%
Greater Kailash 1	87,500	84,850	5-10%
Vasant Kunj	37,250	53,400	15-25%
Defence Colony	99,000	1,10,000	-15%
Hauz Khas	66,500	92,500	-30-40%
Vasant Vihar	1,78,500	2,40,000	-20-30%
Panchsheel Park	1,85,500	2,10,750	-15-25%
New Friends Colony	59,000	66,000	-17-23%
Lajpat Nagar	46,000	68,500	-20-30%
East of Kailash	56,500	61,000	-7%
Rajouri Garden	38,500	43,300	-15%
Punjabi Bagh	50,500	40,000	17-23%

1 BHK Rent in Delhi

The average 1 BHK rent in Delhi is Rs. 19,247. Here we have tabulated the Delhi flat rent prices in Delhi’s top 15 localities for 2020 and 2021 and the growth rate in the rent.

Locality Name	Average Rental Rates of 1 BHK
	2021(Rs)	2020 (Rs)	Avg. Growth Rate Y/Y
Uttam Nagar	7,800	7,875	Constant
Saket	13,850	9,350	-18-28%
Dwarka Mor	7,350	5,750	20%
Paschim Vihar	11,500	11,150	Constant
Greater Kailash 1	37,500	41,300	-10%
Vasant Kunj	16,250	10,500	30-45%
Defence Colony	35,500	45,000	-15-23%
Hauz Khas	28,750	28,500	Constant
Vasant Vihar	30,500	32,000	-5-8%
Panchsheel Park	32,500	40,350	-15-23%
New Friends Colony	15,000	15,375	Constant
Lajpat Nagar	15,200	14,925	Constant
East of Kailash	28,500	35,000	8-17%
Rajouri Garden	13,750	17,000	-10-15%
Punjabi Bagh	13,750	9,500	10-25%

1 RK Rent in Delhi

The 1 RK rent in Delhi is Rs. 14,983. Here we have tabulated the flat rent rates in Delhi’s top 15 localities for 2020 and 2021 and the growth rate in the rent according to property trends in Delhi.

Locality Name	Average Rental Rates of 1 RK
	2021(Rs)	2020 (Rs)	Growth Rate Y/Y
Uttam Nagar	7,500	7,000	Constant
Saket	9,500	7,750	-10-15%
Dwarka Mor	6,000	5,500	15-25%
Paschim Vihar	10,500	10,250	Constant
Greater Kailash 1	25,500	25,000	Constant
Vasant Kunj	12,250	10,000	10-18%
Defence Colony	27,500	34,000	-17-28%
Hauz Khas	15,500	20,500	-15-25%
Vasant Vihar	22,500	27,000	-20%
Panchsheel Park	25,500	29,250	-10-15%
New Friends Colony	12,000	12,500	Constant
Lajpat Nagar	12,250	12,500	Constant
East of Kailash	17,500	28,000	-25-40%
Rajouri Garden	10,750	14,000	-20-35%
Punjabi Bagh	10,000	5,500	25-40%

As per the current real estate trends in Delhi, property rates in Delhi have grown in some areas, while there is a significant decline in many areas due to the pandemic. Although the property market has reached a point of saturation, locals, non-locals, and expats alike are eager to rent properties in Delhi. If you need professional help to find any kind of property, you will certainly find help at Nobroker. Please leave a comment below this article so that our executive can get in touch with you.

Frequently Asked Questions About Property Rates in Delhi

Q1. What is the average rate of a 3 BHK apartment in South Delhi?

Ans. The average rate of a 3 BHK property in South Delhi is between Rs. 98 lakhs to Rs. 1.5 crores.

Q2. Will the property rates in Delhi in 2023 fall?

Ans. Delhi has seen an average of 10% decline in property prices since 2020 due to the pandemic. However, property rates in Delhi won’t drop in 2022.

Q3. Which is the most expensive real estate in Delhi?

Ans. Haus Khas, Greater Kailash, Panchsheel Park are the most expensive real estate areas in Delhi.

Q4. Which are the best areas in Delhi for students to live?

Ans. Rajendra Nagar, Rajouri Garden, Sarita Vihar and localities around the North Campus of Delhi University are the best areas for students to live in.

Q5. Is real estate investment in Delhi a good choice in 2023?

Ans. Post 2020 and the pandemic, the real estate prices in Delhi have declined and hence it is a great time to buy property in Delhi.

Q6. How can I find the circle rate in Delhi?

Ans. You can find the circle rate using the Delhi Online Registration Information System’s Circle Rate Calculator.

Q7. How much is the price for 1 gaj in Delhi?

Ans. 1 gaj is a unit of area measurement used in Northern India, equivalent to 9 square feet of land. The price per square foot of land varies from place to place in Delhi. In order to calculate the price for 1 gaj anywhere in India, all you need to do is to multiply the price of 1 square feet of land in India by 0.11.

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pooja,Author

With a background in journalism and PR, Pooja is always up to date with what’s happening in the Indian Real Estate market. She loves writing about it and helping others stay informed and aware of the market. Keeping articles short, current, and simple is what she all about.

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