Why South Delhi & Lutyens

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Why South Delhi

Market Overview

South Delhi is a supply-constrained market where redevelopment is the primary source of new residential supply. Limited land availability, strong end-user demand, and preference for low-density living have resulted in relatively stable pricing across cycles.

Why South Delhi Real Estate

One of India’s most supply-constrained premium residential markets
Strong historical price appreciation driven by land scarcity
High rental demand from expatriates, diplomats, and senior professionals
Mature infrastructure and premium social ecosystem
Stable long-term wealth preservation asset class

Key Demand Drivers

Prime connectivity + metro access
Proximity to business districts and institutions
Premium neighbourhood concentration
Lifestyle infrastructure (retail, healthcare, education)

Market Fundamentals Supporting Growth

Supply Constraints

• Limited land availability
• Redevelopment-driven supply cycle

Demand Stability

• High-net-worth end users
• Expatriate rental demand
• Institutional interest

Structural Drivers

• Infrastructure expansion
• Urban upgrade cycle
• Premium housing shortage

The Opportunity

Estimated market value of ~40 prime colonies

₹6+ lakh crore

Properties older than 25 years

60–65% of inventory

Potential redevelopment pipeline (next 5 years)

₹30,000–50,000 crore

Estimated value creation opportunity

₹3,000–5,000 crore

Our Strategy

Redevelopment-led residential opportunities
Focus on Prime micro-markets of South Delhi
Acquire or partner in underutilized prime assets
Redevelop for premium end-user segment
Capture appreciation from scarcity + demand imbalance

Construction execution focus

Adoption of modern construction technologies
Higher transparency and governance standards
ESG-aligned development practices
Customer-centric product positioning
Design-driven premium housing focus
Ability to deliver differentiated assets

Future Outlook

Continued infrastructure and urban upgrades
Increasing redevelopment activity
Rising demand for premium living spaces
Growth of institutional participation in residential real estate

Market Size

Total Market Value is Rs.6 Lakh Crore of 40 colonies (Approximately 60 Billion)

CATEGORY A

Locality	Type of Colony	Current Price (lakhs/sq. yd)	No. of Plots	Market Value (in Cr INR)
Mayfair Garden	Boutique Residential Colony	14	63	8,600
Panchsheel Park N Block	Medium Density Premium Colony	14	124	13,020
Panchsheel Park S & E Block	Low Density Premium Colony	10	448	18,816
Sadhana Enclave	Boutique Residential Colony	10	42	6,300
Anand Niketan	Low Density Premium Colony	11	351	11,583
Vasant Vihar	High Density Townships	12	1,275	57,375
Shanti Niketan	Boutique Residential Colony	14.5	193	16,791
Westend	Boutique Residential Colony	14.5	111	4,829
Chanakyapuri	Low Density Premium Colony	17	280	26,775
Golf Links	Boutique Residential Colony	17	212	20,273
Jor Bagh	Boutique Residential Colony	17	233	22,281
Sundar Nagar	Boutique Residential Colony	17	148	32,721
Maharani Bagh	-	8	224	13,440

CATEGORY B

Locality	Type of Colony	Current Price (lakhs/sq. yd)	No. of Plots	Market Value (in Cr INR)
Chirag Enclave	Boutique Residential Colony	9	67	4,523
Pamposh Enclave	Boutique Residential Colony	9	133	3,591
G.K. Enclave-1	Boutique Residential Colony	8	196	4,704
G.K. Enclave-2	Boutique Residential Colony	8	179	4,296
G.K. Part-1	High Density Townships	8	2,299	55,176
G.K. Part-2	High Density Townships	8	1,587	47,610
Greater Kailash 3	Low Density Premium Colony	8	298	7,760
Hemkunt Colony	Boutique Residential Colony	8	89	2,905
Panchsheel Enclave	Low Density Premium Colony	9	329	10,215
Kailash Colony	Low Density Premium Colony	7	324	6,804
Green Park	Medium Density Premium Colony	8	745	17,880
Green Park Extension	Medium Density Premium Colony	8	545	13,080
Hauz Khas	Low Density Premium Colony	9	252	8,505
Safdarjung Enclave	Low Density Premium Colony	9	984	16,605
Sarvodaya Enclave	Low Density Premium Colony	9	310	8,370
Sarvpriya Vihar	Low Density Premium Colony	9	265	5,724
South Ex-2	Medium Density Premium Colony	8	644	15,456
Uday Park	Boutique Residential Colony	8	144	3,750
Anand Lok	Boutique Residential Colony	13	115	8,970
Defense Colony	High Density Townships	12	1650	64,449
Gulmohar Park	Low Density Premium Colony	13	325	12,675
Hauz Khas Enclave	Low Density Premium Colony	11	250	12,375
Niti Bagh	Boutique Residential Colony	13	144	9,126
SDA	Low Density Premium Colony	11	390	12,870
Geetanjali Enclave	Boutique Residential Colony	9	150	6,885
Navjeevan Vihar	Boutique Residential Colony	8	129	3,715
Safdarjung Enclave	Low Density Premium Colony	9	984	16,605

Comparison of South Delhi projects vs other real estate projects

Legends

Project Type

South Delhi Projects - Brownfield Project
Other Realty Projects - Greenfield Project

Project Turnaround Time

South Delhi Projects - 15-18 months
Other Realty Projects - 60-72 months

Project Time Escalation

South Delhi Projects - Nil
Other Realty Projects - High

Construction Cost Escalation

South Delhi Projects - Nil
Other Realty Projects - High

Government Regulation Uncertainty

South Delhi Projects - Nil
Other Realty Projects - High

Surrounding Infrastructure

South Delhi Projects - Fully developed
Other Realty Projects - Underdeveloped

Price Volatility

South Delhi Projects - Low
Other Realty Projects - High

Sale Uncertainty

South Delhi Projects - Nil
Other Realty Projects - High

South Delhi in the Spotlight

Grovy India

Grovy India Limited was established in 1985 with the mission to deliver exceptional real estate developments that set new standards in design, quality, and customer satisfaction.

With skilled engineers, architects, planners, and designers, Grovy has established itself as a trusted developer of boutique residential homes and redevelopment projects.

COMPANY

CONTACT

Grovy India Limited
122, Vinobapuri, Lajpat Nagar 2,
New Delhi - 110024, India

Mobile: +91-8851138307
Phone: +91-11-46740000
Email: info@grovyindia.com

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