Delhi
The Palam real estate market displays consistent growth, with property prices rising from ₹7,050 per sq ft in late 2025 to their current average of ₹9,400 per sq ft. This upward trajectory is supported by strong demand for apartments, which currently command the same average rate. Rental activity remains active, offering a 3.06% yield, while ready-to-move projects continue to attract buyers seeking immediate possession. Development activity across the region remains balanced, catering to diverse residential needs.
As of September 2026, the average asking price in Palam is ₹9,400 per sq ft. This figure reflects a positive market trend, having appreciated by 6.32% compared to the previous period, signaling sustained demand for residential apartments in this locality.
Property rates in Palam have shown a consistent upward trajectory through 2026. Data indicates the average asking price rose from ₹7,050 per sq ft in December 2025 to ₹8,850 per sq ft in March 2026, and further to ₹9,400 per sq ft by June 2026, reflecting strong buyer interest and market confidence in the area.
Property rates in Palam are generally more accessible compared to neighbouring areas like Janakpuri, which commands an average asking price of ₹20,550 per sq ft, or various sectors in Dwarka. For instance, Sector 9 and Sector 10 in Dwarka currently see average asking prices of ₹16,050 per sq ft. Meanwhile, Mahavir Enclave offers a lower entry point at ₹6,250 per sq ft, which appreciated by 5.9% compared to the previous period, highlighting the diverse pricing landscape surrounding Palam.
As of September 2026, villas in Palam are priced at a premium with an average of ₹17,400 per sq ft, having appreciated by 8.15% compared to the previous period. In contrast, apartments are more affordably priced at an average of ₹9,400 per sq ft, which also saw an appreciation of 6.32% over the same timeframe, making apartments a more common and accessible choice for residential buyers in the locality.
Ready-to-move properties in Palam are currently priced at an average of ₹13,800 per sq ft as of September 2026. This segment has experienced significant growth, appreciating by 14.87% compared to the previous period, which suggests that completed, move-in-ready inventory is seeing high demand and value retention in the current market.
The average rental yield in Palam stands at 3.06% as of September 2026. For investors, this yield represents the annual rental income relative to the property's purchase price, providing a baseline to evaluate the income-generating potential of residential assets in the area alongside potential capital appreciation.
Rental rates in Palam scale according to the size of the unit, catering to a wide range of tenants. As of September 2026, a Studio apartment typically rents for ₹12,000 per month, while a 1 BHK unit averages ₹17,100 per month. For larger families, 2 BHK units command an average of ₹21,750 per month, and 3 BHK units are available at an average of ₹30,250 per month, reflecting the premium associated with larger living spaces.
As of September 2026, the average rental rate for apartments in Palam is ₹50 per sq ft. This rate has seen a depreciation of 17.24% compared to the previous period, which may indicate a market correction or an increase in available rental supply, providing a more competitive landscape for prospective tenants.
Buyers should use this data to benchmark their property search against current market averages and historical trends. By observing that the average asking price in Palam is ₹9,400 per sq ft as of September 2026 and comparing it with the appreciation rates of specific property types like villas or ready-to-move units, buyers can make more informed decisions about whether the current market conditions align with their budget and long-term investment goals.
