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Why South Delhi & Lutyens

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

Grovy India

Supply Constraints

• Limited land availability
• Redevelopment-driven supply cycle

Grovy India

Demand Stability

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

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Structural Drivers

• Infrastructure expansion
• Urban upgrade cycle
• Premium housing shortage

The Opportunity

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Estimated market value of ~40 prime colonies

₹6+ lakh crore

Grovy India

Properties older than 25 years

60–65% of inventory

Grovy India

Potential redevelopment pipeline (next 5 years)

₹30,000–50,000 crore

Grovy India

Estimated value creation opportunity

₹3,000–5,000 crore

Our Strategy

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 Focus

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)

Locality Type of Colony Current Price (lakhs/sq. yd) No. of Plots Market Value (in Cr INR)
Mayfair Garden Boutique Residential Colony (50-250) 11 63 6,757
Panchsheel Park N Block Medium Density Premium Colony (500-1000) 9 124 8,370
Panchsheel Park S & E Block Low Density Premium Colony (250-500) 7 448 13,171
Sadhana Enclave Boutique Residential Colony (50-250) 7.5 42 4,725
Anand Niketan Low Density Premium Colony (250-500) 9.5 351 10,004
Vasant Vihar High Density Townships (>1000) 10 1,275 47,813
Shanti Niketan Boutique Residential Colony (50-250) 10 193 11,580
Westend Boutique Residential Colony (50-250) 11 111 3,663
Chanakyapuri Low Density Premium Colony (250-500) 15 280 23,625
Golf Links Boutique Residential Colony (50-250) 15 212 17,888
Jor Bagh Boutique Residential Colony (50-250) 15 233 19,659
Sundar Nagar Boutique Residential Colony (50-250) 14 148 26,946
Maharani Bagh - 5.5 224 9,240

Locality Type of Colony Current Price (lakhs/sq. yd) No. of Plots Market Value (in Cr INR)
Chirag Enclave Boutique Residential Colony (50-250) 8 67 4,020
Pamposh Enclave Boutique Residential Colony (100-250) 8 133 3,192
G.K. Enclave-1 Boutique Residential Colony (100-250) 7 196 4,116
G.K. Enclave-2 Boutique Residential Colony (100-250) 7 179 3,759
G.K. Part-1 High Density Townships (>1000) 7 2,299 48,279
G.K. Part-2 High Density Townships (>1000) 8 1,587 41,659
Greater Kailash 3 Low Density Premium Colony (250-500) 7 298 6,790
Hemkunt Colony Boutique Residential Colony (50-250) 7 89 2,542
Panchsheel Enclave Low Density Premium Colony (250-500) 7.5 329 8,513
Kailash Colony Low Density Premium Colony (250-500) 6 324 5,832
Green Park Medium Density Premium Colony (500-1000) 6 745 13,410
Green Park Extension Medium Density Premium Colony (500-1000) 7 545 11,445
Hauz Khas Low Density Premium Colony (250-500) 7 252 6,615
Safdarjung Enclave Low Density Premium Colony (250-500) 7 984 12,915
Sarvodaya Enclave Low Density Premium Colony (250-500) 7 310 6,510
Sarvpriya Vihar Low Density Premium Colony (250-500) 7 265 4,452
South Ex-2 Medium Density Premium Colony (500-1000) 6 644 11,592
Uday Park Boutique Residential Colony (100-250) 7 144 3,281
Anand Lok Boutique Residential Colony (50-250) 12 115 8,280
Defense Colony High Density Townships (>1000) 10 1650 53,708
Gulmohar Park Low Density Premium Colony (250-500) 11 325 10,725
Hauz Khas Enclave Low Density Premium Colony (250-500) 8.5 250 9,563
Niti Bagh Boutique Residential Colony (50-250) 10 144 7,020
SDA Low Density Premium Colony (250-500) 8 390 9,360
Geetanjali Enclave Boutique Residential Colony (50-250) 7 150 5,355
Navjeevan Vihar Boutique Residential Colony (50-250) 6.5 129 3,019
Safdarjung Enclave Low Density Premium Colony (250-500) 7 984 12,915

Comparison of South Delhi projects vs other real estate projects

Legends

Legends

Project Type

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

Project Turnaround Time

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

Project Time Escalation

  • South Delhi Projects - Nil
  • Other Realty funds - High

Construction Cost Escalation

  • South Delhi Projects - Nil
  • Other Realty funds - High

Government Regulation Uncertainty

  • South Delhi Projects - Nil
  • Other Realty funds - High

Surrounding Infrastructure

  • South Delhi Projects - Fully developed
  • Other Realty funds - Underdeveloped

Price Volatility

  • South Delhi Projects - Low
  • Other Realty funds - High

Sale Uncertainty

  • South Delhi Projects - Nil
  • Other Realty funds - High
Grovy India

Grovy India

Grovy India limited was established in the year 1985, with a purpose of developing extraordinary real estate properties that would change the scenario of the construction industry.

Equipped with teams of skilled and experienced engineers, architects, planners and designers Grovy has established itself as developers of ‘Boutique Apartments’.

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

PROJECTS

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