Even as real estate markets grapple with global uncertainties and slowing momentum, Delhi-NCR’s South Delhi market defies the larger trend with luxury floors recording significant price gains amidst the West Asia conflict and the residual decline from past year.

According to a recent report by Golden Growth Fund, South Delhi’s luxury floors recorded up to 32% growth in price in the first quarter of 2026.The report highlights that Category B colonies outperformed Category A colonies in price growth in Q1 2026 with the former growing between 23-32% as against 14-22% in the latter.

In value terms, however, price of floors in category A ranges between Rs 19.5 crore to Rs 40 crore while that in Category B colonies range between Rs 10.65 crore to Rs 16.5 crore.

Category B colonies, according to Ankur Jalan, CEO, Golden Growth Fund , have witnessed stronger price appreciation this quarter, reflecting the growing depth of demand in South Delhi’s premium housing market. 

“South Delhi is far from being a uniform market, with pricing varying significantly across colonies and micro-markets. We are also seeing increasing migration of buyers from other parts of Delhi towards these locations. Given the persistent high-demand and limited-supply dynamics, price growth is expected to remain resilient and relatively insulated from external market fluctuations. In fact, any broader slowdown across NCR could further strengthen buyer interest in trophy assets within South Delhi”,he says.

 In Category A colonies like Mayfair Garden, Panchsheel Park, Anand Niketan, Vasant Vihar, Shanti Niketan, Westend, Chanakyapuri, Golf Links, Jor Bagh, Sundar Nagar, Maharani Bagh, the price for a 2500 sq ft ranges between Rs 14-25 crore with average price rising 22% YoY. Similarly, for a 6000 sq. ft. floor, price ranges between Rs 25-55 crore with average price rising 14% YoY.

For Category B colonies including Chirag Enclave, Anand Lok, Greater Kailash, Green Park, Gulmohar Park, Niti Bagh, Defence Colony, Safdarjung Enclave, Kailash Colony, the price for a 2500 sq. ft. floor ranges between Rs 9-12.5 crore with average price rising 23% YoY. Similarly, the price for a 3200 sq. ft. floor ranges between Rs 14-19 crore with average price rising 32% YoY.

The ongoing conflict in West Asia is creating short-term uncertainty globally, but premium residential markets like South Delhi could still emerge as beneficiaries of capital reallocation over the medium term. Wealthy Indian families and NRIs may prefer to invest in established luxury markets like South Delhi, avers Jalan.

Delhi’s colonies have been divided under eight categories – A, B, C, D, E, F, G & H. Circle rates by the Municipal Corporation of Delhi. Property Tax rates and stamp duty charges for property registration are based on these categories. Nearly 18,500 plots are available across the 42 Category A and B colonies in South Delhi. The redevelopment potential of these colonies stands at Rs 6.5 lakh crore presenting a huge opportunity for project development.