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New Delhi is two markets in one. The first is South Delhi’s bungalow and builder-floor belt, where independent floors sell for crores. The second is the commercial core, where offices and shops outnumber flats in the listings. Asking prices on PropertyWala put apartments for sale across New Delhi at about ₹42,612 per sq ft (2026 Q1 to Q4), up 20% on the year before. Apartments for rent ask about ₹86 per sq ft (same period), up 4.3%.¹

What is on offer and what it asks

Apartments make up about 39% of listings, office space 36%, independent houses 14%, farm houses 5%, and shops and showrooms 4%. The office share is unusually high for a residential search and reflects the city’s large commercial market.

Apartments and independent houses ask almost the same price per sq ft for sale. Houses rent for slightly more than flats.

How prices have moved

Apartment asking rates in New Delhi stood at ₹27,526 per sq ft in 2022. They rose to ₹31,323 in 2023 and ₹35,453 in 2024, before remaining almost flat at ₹35,518 in 2025. In 2026, they reached ₹42,612. That is a rise of 54.8% over four years, or about 11.5% a year. Most of the increase came in 2022-24 and the latest year.

Vasant Vihar’s prices rose more slowly. Flats there asked ₹30,645 in 2022 and ₹33,846 in 2025, a gain of 10.4%, or about 3.4% a year. The 2026 figure is ₹34,737, based on three quarters. That is well below the city’s pace, suggesting the city-wide jump reflects the mix of listings as much as price growth in established colonies.

The main residential zones

South Delhi's premium colonies. Vasant Vihar is the most active residential address. About 72% of its listings are apartments and 22% are independent houses. Flats ask about ₹34,731 per sq ft (2025 Q4 to 2026 Q3), roughly 10% below the city average. Rents are about ₹76 per sq ft, also roughly 10% below the city average. Independent houses are the premium product, asking about ₹55,637 per sq ft, about 30% above the city’s house rate. Vasant Vihar is about 4 km from Safdarjung and about 9 km from the airport. IIT Delhi is about 4 km away, while Modern Bazaar market is under a km away. Older reviews praise its shops and markets but criticise its connectivity.

The same top tier includes Shanti Niketan, Anand Niketan, Panchsheel Park, West End, Vasant Kunj, Chanakyapuri, Golf Link, Jor Bagh and Sundar Nagar. Hindustan Times reported in August 2026 that luxury independent floors in these Category A colonies rose 6% to 21% year on year in April-June 2026. A 2,500 sq ft floor asked ₹18-28 crore. The report attributed the rise to redevelopment, limited supply and demand from wealthy and NRI buyers. Moneycontrol reported in November 2025 that redevelopment lifts rents by 20-30% as floor space use improves.

The second tier. Greater Kailash I, Greater Kailash Encl II, Defence Colony, Green Park, Anand Lok and Hauz Khas are classified as Category B in the same reports. A 2,500 sq ft floor there asked ₹9-12.5 crore in Q2 2026, a fraction of the Category A price. Apartments in Greater Kailash I have asked in the mid-₹20,000s per sq ft in recent years.

Dwarka. Dwarka and its sector pages, including Sector-7, Sector-12, Sector-18B and Sector-23, make up the south-west suburb. It is about 8 km from the airport. Apartments dominate its listings, and prices are a fraction of the city level. Hindustan Times reported in April 2026 that Delhi plans a ₹4,200 crore integrated bus terminal in Sector 22. ETRealty reported in January 2026 that ITC Hotels received a land allotment for a five-star hotel at Yashobhoomi. Older reviews praise Dwarka’s connectivity and roads but criticise its water supply.

West Delhi. Janakpuri and Moti Nagar are middle-income, mixed-use areas. Janakpuri is on the Magenta Line.

Offices and commercial zones

Commercial space accounts for much of the city’s employment. Connaught Place is mostly office space (70% of listings) and shops (24%). Offices there ask about ₹25,000 per sq ft to buy, down 11.5% on the year, and about ₹155 per sq ft to rent, down 6.3%. Rents are about 23% above the city office average. Shops are the premium product, at about ₹86,125 per sq ft to buy and ₹441 to rent. ET Realty reported in August 2026 that upscale retail rents in Delhi rose 11% to 17%. Hindustan Times reported in September 2026 that the Regal Building redevelopment proposal was rejected by the Delhi Urban Art Commission.

South of the city centre, Nehru Place offices rent for about ₹146 per sq ft, while Saket offices rent for about ₹128. Saket is almost entirely offices in the listings. Hindustan Times reported in July 2026 that IKEA opened a 30,000 sq ft store there. Jasola Vihar, at about ₹99 per sq ft, is the cheaper office option, about 22% below the city rate. The Okhla industrial estates add to the city’s commercial stock, while Aerocity serves the airport business district.

CBRE’s India chief told the Times of India in September 2026 that white-collar migration into Delhi NCR is lifting housing demand. He said gated communities are the product favoured by young dual-income households.

Projects

Large new housing launches are scarce, as redevelopment of existing plots is more prominent than new townships. DLF King's Court in Greater Kailash Encl II is a DLF condominium with 57 units across nine blocks on 2.46 acres. It lists 3, 4 and 5 BHK apartments and 7 BHK houses, with apartments priced from ₹44.53 lakh to ₹36.27 crore. The brochure rates are ₹47,000-50,000 per sq ft.

Realtech Copia Corporate Suites in Jasola Vihar is ready to move. Migsun Capital Suites in Rohini Sector-22 is under construction, with 1 BHK units from about ₹52.5 lakh and possession due in October 2029. The full list is on the New Delhi projects page.

Infrastructure under way

The Delhi Metro’s Phase 4 is the main driver of improved connectivity. India Today reported in May 2026 that DMRC aims to open three corridors by December: Janakpuri West to RK Ashram Marg on the Magenta Line, Aerocity to Tughlakabad on the Golden Line, and Majlis Park to Maujpur on the Pink Line. Metro Rail News reported in September 2026 that over 83% of the Golden Line’s civil work is complete. It said the first section, 8.4 km from Tughlaqabad to Sangam Vihar, is targeted for December 2026. Phase 5A corridors, including Aerocity to IGI Airport Terminal 1 and Tughlakabad to Kalindi Kunj, are under construction with a 2028 target. Urban Acres reported in October 2026 that the Kishangarh to Central Secretariat corridor, approved in May 2026, is scheduled for 2029.

On the roads, Indian Express reported in October 2026 that the Barapullah Phase 3 flyover, first scheduled for 2017, has been pushed to 2026, with queues continuing at Sarai Kale Khan. Hindustan Times reported in March 2026 that the Delhi Cabinet approved the Barapullah Phase III and MB Road corridors. India Today reported in August 2026 that Delhi plans a 61-km road corridor along the Najafgarh drain to ease traffic.

Who the city suits

• Ultra-high-net-worth buyers and NRIs: Category A colonies such as Vasant Vihar, Jor Bagh and Golf Links, where independent floors and redevelopment plots are the main options.
• Upper-middle-income buyers: Greater Kailash, Defence Colony, Green Park and Hauz Khas, where prices are well below Category A levels.
• Tenants: Apartment rents average ₹86 per sq ft, with Vasant Vihar slightly cheaper at about ₹76.
• Businesses: Connaught Place for prestige, Nehru Place and Saket for established South Delhi offices, and Jasola Vihar for lower rents.
• Families who want space for less: Dwarka and West Delhi, where rates are much lower and the airport and metro are nearby.

PropertyWala's verdict

New Delhi suits buyers with large budgets seeking South Delhi’s established colonies, as well as tenants and businesses that need a central address. Dwarka and West Delhi suit those looking for more space for less. First-time buyers on modest budgets will find little in the central colonies, where rates are among the highest in the country and floors are priced in crores.