As of March 2026, the average asking price in Mayur Vihar 1, Delhi, stands at ₹13,633 per sq ft. This represents a depreciation of 3.17% from December 2025, when the average asking price was ₹14,080 per sq ft. This recent dip suggests a market correction or increased inventory, which buyers might find advantageous, while sellers may need to adjust expectations.
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Property Rates in Mayur Vihar 1, Delhi
Comprehensive Market Snapshot
Mayur Vihar 1 presents a current asking price of ₹13,633 per sq ft, with a notable absence of registration rates. The average rental rate stands at ₹33 per sq ft, offering a rental yield of 2.90%. Apartments, the primary property type, show an average rental rate of ₹33 per sq ft. For the 'Ready To Move' segment, the average price is ₹13,734 per sq ft, while 'Well Occupied' properties are priced at ₹12,862 per sq ft. The top project by listing rates is Nextra The Address, located in North Delhi.
- The average asking price in Mayur Vihar 1 is ₹13,633 per sq ft.
- The average rental rate is ₹33 per sq ft with a rental yield of 2.90%.
- Ready To Move properties average ₹13,734 per sq ft.
- Well Occupied properties are priced at ₹12,862 per sq ft.
- Nextra The Address is the top project by listing rates.
- Asking Sale Price₹ 13,633 /sq.ft
- Average Rental₹ 33 /sq.ft
- Rental Yield2.90 %
Insights for Mayur Vihar 1, Delhi Real Estate Market
Mayur Vihar 1's property market is currently marked by an asking price of ₹13,633 per sq ft, with price trends showing some quarterly fluctuations, such as a dip from ₹14,080 in Dec 2025 to ₹13,633 in Mar 2026. Rental yields in the area average 2.90%, with apartments commanding an average rental rate of ₹33 per sq ft. Studio apartments are available for rent at ₹11,500 per month, while 4 BHK units reach ₹45,000 per month, indicating a diverse rental demand across unit sizes. The 'Ready To Move' segment averages ₹13,734 per sq ft, slightly higher than the 'Well Occupied' segment at ₹12,862 per sq ft. Notably, Nextra The Address is highlighted as a top project based on listing rates.
- The property market in Mayur Vihar 1 shows a slight upward trend in asking prices, with an average of ₹13,633 per sq ft.
- Rental yields stand at a healthy 2.90%, with apartments averaging ₹33 per sq ft.
- Rental rates vary significantly by unit size, from ₹11,500 for studios to ₹45,000 for 4 BHK apartments.
- 'Ready To Move' properties are priced at ₹13,734 per sq ft, slightly above the 'Well Occupied' segment at ₹12,862 per sq ft.
- Nextra The Address is identified as a prime project based on listing rates in the area.
Property Price Trends in Mayur Vihar 1, Delhi
The asking price for properties in Mayur Vihar 1 is currently ₹13,633 per sq ft, with projections indicating a slight decrease to ₹13,633 by March 2026 from ₹14,080 in December 2025. Earlier in September 2025, prices were recorded at ₹13,537 per sq ft. This suggests a period of stabilization or minor fluctuations in the market's asking rates.
In Mayur Vihar 1, apartments represent the primary property type, with an average asking price of ₹13,633 per sq ft, reflecting a recent change of -3.17%. This indicates that while apartments remain a popular choice, their prices have seen a marginal decline.
Mayur Vihar 1's property market offers a mix of inventory based on development status. Properties 'Ready To Move' average ₹13,734 per sq ft across 29 units, showing a recent decrease of 7.58%. Meanwhile, 'Well Occupied' properties, numbering 4 units, are priced at ₹12,862 per sq ft, with a slight increase of 0.67%.
Mayur Vihar 1's property market is characterized by an average asking price of ₹13,633 per sq ft. While specific micro-market data for Mayur Vihar 1 is not detailed, the broader Delhi market shows varied rates, with areas like Chanakyapuri commanding ₹76,182 per sq ft and Jor Bagh at ₹60,162 per sq ft, highlighting significant price disparities across the city. In contrast, Gautam Nagar offers a more accessible entry point at ₹10,495 per sq ft.
Project and Developer Insights
The premium segment of Mayur Vihar 1's market is highlighted by projects like Nextra The Address, which is listed at ₹12,258 per sq ft. This project, located in North Delhi, sets a benchmark for asking rates within the locality, reflecting the demand for quality residential offerings.
Nextra The Address in Mayur Vihar 1 is noted for its rental potential, with a current rental rate of ₹30 per sq ft. This project represents a key offering in the rental market, contributing to the overall rental landscape of the locality.
Property Rental Trends in Mayur Vihar 1, Delhi
Rental rates in Mayur Vihar 1 show a clear progression with unit size, with Studio apartments averaging ₹11,500 per month and 1 BHK units at ₹14,786 per month. This trend continues upwards, with 2 BHKs averaging ₹21,607, 3 BHKs at ₹34,214, and 4 BHK apartments commanding the highest rents at ₹45,000 per month.
Rental rates across Delhi show significant variation, with premium locations like Chanakyapuri averaging ₹127 per sq ft and Jor Bagh at ₹118 per sq ft. Mayur Vihar 1 itself has an average rental rate of ₹33 per sq ft for apartments, positioning it as a more accessible rental market compared to these prime South Delhi areas.
Apartments in Mayur Vihar 1 are the primary focus for rentals, with an average rate of ₹33 per sq ft and a recent year-on-year change of -2.94%. This suggests a stable, albeit slightly softening, rental market for apartments in the area.
FAQs about Property Rates in Mayur Vihar 1, Delhi
Property prices in Mayur Vihar 1, Delhi, have shown some fluctuation over the past year. From September 2025 to March 2026, the location rate saw an increase from ₹13,537 to ₹13,633 per sq ft, indicating a slight appreciation. However, comparing March 2026 (₹13,633) to December 2025 (₹14,080), there was a decrease, suggesting a mixed trend. The micromarket rate also saw a dip from ₹12,235 in December 2025 to ₹12,142 in March 2026, after a significant rise from ₹8,417 in June 2025.
In Mayur Vihar 1, Delhi, as of March 2026, the average asking price is ₹13,633 per sq ft. The provided data indicates that the Government Registration Rate is ₹0 per sq ft. This significant difference suggests that the listed prices are considerably higher than the government's benchmark rates, which is common in many real estate markets and can influence transaction costs and perceived value.
Within the broader vicinity of Mayur Vihar 1, property prices show considerable variation. For instance, Jor Bagh has the highest average rate at ₹60,162 per sq ft with no change, while Defence Colony is priced at ₹42,505 per sq ft, appreciating by 0.60%. In contrast, South Extension is at ₹29,505 per sq ft, having depreciated by 4.83%, and Gautam Nagar is priced lower at ₹10,495 per sq ft with stable rates. These figures highlight distinct premium and more affordable pockets in the surrounding areas.
As of March 2026, the average asking price for apartments in Mayur Vihar 1, Delhi, is ₹13,633 per sq ft. This segment has experienced a depreciation of 3.17% from December 2025. This downward trend in apartment prices might indicate increased supply or a softening demand for this specific property type in the locality during the recent period.
In Mayur Vihar 1, Delhi, as of March 2026, Ready To Move properties have an average price of ₹13,734 per sq ft, based on 29 units. This segment has seen a depreciation of 7.58% from the previous period. Well-occupied properties, with 4 units, are priced slightly lower at ₹12,862 per sq ft, showing a modest appreciation of 0.67%. The higher price for Ready To Move units, despite recent depreciation, often reflects their immediate availability and established infrastructure.
As of March 2026, 'Nextra The Address' in Mayur Vihar 1, Delhi, is listed with a current rate of ₹12,258 per sq ft. This project has maintained stable pricing with a 0% change percentage. While it's the only project detailed in this specific listing rate category, its price point provides a benchmark for properties within this segment in the locality.
The average rental rate in Mayur Vihar 1, Delhi, is ₹33 per sq ft as of March 2026. For investors, the current rental yield stands at 2.90%. This yield indicates the annual return on investment from rental income relative to the property's capital value. A 2.90% yield suggests that rental income contributes moderately to the overall return for property owners in this locality.
In Mayur Vihar 1, Delhi, rental rates vary significantly by BHK configuration. As of March 2026, Studio apartments average ₹11,500 per month, 1 BHKs are around ₹14,786 per month, and 2 BHKs are priced at ₹21,607 per month. Larger units like 3 BHKs command ₹34,214 per month, while 4 BHKs reach an average of ₹45,000 per month. This progression shows a clear premium for larger living spaces, catering to different household needs and budgets.
Rental rates in micromarkets surrounding Mayur Vihar 1, Delhi, are generally higher. For example, Jor Bagh has an average rental rate of ₹118 per sq ft, appreciating by 18%, and Chanakyapuri is at ₹127 per sq ft, despite a slight depreciation of 0.78%. Defence Colony offers rentals at ₹88 per sq ft with stable rates. In contrast, Mayur Vihar 1's average rental rate is ₹33 per sq ft, indicating that these surrounding premium localities command significantly higher rents, likely due to their prime locations and amenities.
As of March 2026, the average rental rate for apartments in Mayur Vihar 1, Delhi, is ₹33 per sq ft. This figure represents a depreciation of 2.94% from the previous period. This recent decrease in apartment rental rates might suggest an increase in available rental inventory or a slight softening in tenant demand for apartments in this locality.
As of March 2026, 'Nextra The Address' in Mayur Vihar 1, Delhi, is identified as a top project by rental rates, with a current rental rate of ₹30 per sq ft. This project has maintained stable rental pricing with no change percentage. Its position suggests it offers competitive rental values within the locality for its segment.