Greater Kailash II, Delhi

Greater Kailash 2, New Delhi is a sub-locality in the Greater Kailash locality of New Delhi, the National Capital of India. This sub-locality was developed by DLF India, a leading real estate developer in India. Greater Kailash 2 is adjacent to the Jahanpanah City Forest, an important recreational and camping spot of Delhi. The region is bordered by Alaknanda road and the Inder Mohan Bharadwaj marg. The localities adjacent to other localities of “ Chittrajan park, Chirag Enclave, Greater Kailash 4, NRI colony, Alaknanda, Greater Kailash Enclave 1, Greater Kailash Enclave 2, Greater Kailash 3, and Mandakini Enclave colony. 

Key Highlights

• Surrounded by green forests of Jahanpanah City forest and is a few kilometers from the Hauz Khas forest. The locality has several forest cabins and green property on sale.

• Close to the Ashtha Kunj park, one of the largest parks in Delhi.

• Close to the major commercial areas in Delhi “ Nehru Enclave and the Nehru Place, the biggest electronics market in Delhi.

• Plenty of greenery in the area apart from the state forest, multiple big and small parks like “ Dhruv Batra park, Tikona Park, Rock garden, Kali Temple gardens are present in and around the area.

• Few Kilometers from the Okhla Industrial Area, a prime industrial area of New Delhi.

Whats great?

• DLF India developed the locality, a reputed real estate developed, and hence the colonies are well planned out, the road infrastructure is excellent. The area has colonies in the region that have good interconnectivity with each other.

• The Magenta Line of the DMRC well covers the area. The Greater Kailash Metro Station lies Just adjacent to the area.

• Access to almost all facilities is available in the area- markets, malls, hospitals, and any other facilities are easily accessible in or nearby the area.

• Very close to the Noida city, one can commute within one hour from Greater Kailash 2 to Sector 16,18, or 27 in Noida.

• Adjacent to the Outer ring road, one of the major roads of New Delhi.

• Close to the tourist attractions of Tughlaqabad Fort and Ghiyasuddin Tughlaq Tomb.

Whats not great? 

• Parking spaces are a major concert in the locality.

• The prices in the locality are high.

• Watch Out For

• Forest Cabins and Green localities in localities such as Narmada apartments, Nilgiri Apartments, and Gangotri Enclave.

• Commercial and residential properties near the outer ring road.

• Property Rising Factor

• Short term

• Several housing projects such as “ DLF Kings Courts, RWA, Narmada Apartments, and Nilgiri Apartments.

• Long term

• The area has access to major facilities, is well covered by metro and major roads, has excellent greenery in the region, and close to major commercial and industrial areas of Delhi.

Other Highlights

• Social Infrastructure

Jahanpanah City forest provides a camping and trekking facility. Astha Kunj park and multiple big and small parks like “ Dhruv Batra park, Tikona Park, Rock garden provide social and recreational options.

Shopping Complex & Markets

• Savitri Shopping complex, Block E

• Chandan Market, Block S

• Health Care Centers

• Netrayan Hospitals, S Block

• Talwar Medical center, CR park road

• Connectivity & Public Transport

• The closest metro station is Greater Kailash Metro Station.

• Schools, Bank & Fitness Centers

• Don Bosco School, Gangotri Enclave

• Guru Nanak Garib Nivaj Education Society, Block N

• Popular Landmarks near Locality

• Jahanpanah city Forest

Micro Market Analysis

• Capital and Rental Trends

• The property market in Greater Kailash 2, New Delhi, mainly consists of residential apartments and Builder floor apartments collectively accounting for about “ 86% of all the properties. The rest of the properties listed comprise residential Houses. 

• The most popular apartment configuration is 4 BHK and 3 BHK apartments, majorly of 3 BHK apartments, which collectively make up about 47% and 38% of all the listed apartments. 

• The price range of residential apartments is about INR to INR per sqft, which averages out to be INR 7,000 for most of the properties.

• The price range of residential properties is about INR 4,167 to INR 1,61,290 per sqft, with the lower rate offered for residential apartments and the higher rate offered for a residential house. The base price of an apartment property in the region is INR 4 Crore.

• 67% of the properties listed are apartments ( majorly 3 BHk and 4 BHK ones), while the rest are commercial office spaces.

• The average rent for 2 BHK apartments starts at INR 70,000 and can go as high as INR 1,00,000 depending upon locality and facilities.

• Scope of Growth

• Property prices in the area are already relatively high, with the base price of the properties exceeding INR 4 crores, and as such, any noticeable appreciation in value is quite unlikely. The properties are expected to appreciate at the slow rate of 0.25%-0.70% per year.

• Investment Opportunities

• Investment in the Forest Cabins and Green localities Commercial and residential/commercial properties near the outer ring road