Overview of Greater Kailash III, New Delhi

Location and Amenities

• Greater Kailash III is a prestigious locality in South Delhi, noted for its prime location and well-developed infrastructure.
• This area offers easy access to various amenities: shopping centers, schools, hospitals, and public transport options, which make it a perfect choice for residents.

Property Types

• When looking in Greater Kailash III, homebuyer options include:
  • Builder Floors
  • Independent Houses
  • Apartments.

Price Range

• In Greater Kailash III, the pricing varies:
  • The starting cost per square foot is ₹13,392, with an average of ₹22,650 per square foot.
  • At the high end, the price tag can reach up to ₹29,692 per square foot.

Property Sizes and Configurations

• There is a diversity in property sizes here:
  • A 3 BHK property might range from about 1,500 to 2,500 square feet.
  • Additionally, 4 BHK and even larger configurations are present.

Market Trends

• Prices in this property market have dipped in recent times, with a sharp 16.99% reduction observed in the past year. This downturn may be a smart opportunity to buy.

Lifestyle and Living

• Greater Kailash III provides a secure and prestigious lifestyle.
• It includes many gated communities and maintains well-kept neighborhoods.
• The area stands out for its luxury living, showcasing modern architecture and stylish interiors.

Average Prices for Different Property Types

Builder Floors

• The cost for builder floors ranges between ₹3.7 Crore to ₹13 Crore, averaging at ₹47,167 per square foot.

Independent Houses

• These homes are less common, but they start around ₹13.5 Crore.

Apartments

• Prices are quite wide in this section. For a 3 BHK apartment, it will cost between ₹3.3 Crore to ₹5.5 Crore, and for a 4 BHK, expect ranges from ₹77.5 Lacs to ₹16 Crore.

PropertyWala's Conclusion

Greater Kailash III, New Delhi, is highly desired by both buyers and renters due to its prime location, luxurious living settings, and well-established infrastructure. Though the prices have decreased recently, noting a fall of 16.99% in one year, it still stands out as one of the wealthiest and most prominent regions in Delhi. For those planning to invest or reside here, a thorough budget review, along with evaluating specific features and arrangements, is crucial. Even with the price drop, the neighborhood maintains a high living standard and continues to offer good long-term investment value.