Delhi
Preet Vihar has emerged as a high-growth residential hub, with property values showing substantial appreciation over the last year. The market is currently characterized by a strong preference for apartment-style living, which dominates the local inventory and pricing benchmarks. Rental activity remains active, offering a balanced yield for investors, while the surrounding micromarkets provide a competitive landscape that further stabilizes local property rates.
As of June 2026, the average asking price in Preet Vihar is ₹30,150 per sq ft. This rate has remained stable with a 0% change, indicating a balanced market environment for buyers and sellers in the area during the observed period.
Property prices in Preet Vihar have shown a consistent upward trajectory in the micromarket rates over the last year. Starting from ₹11,350 per sq ft in September 2025, the micromarket rate rose to ₹11,800 in December 2025, reached ₹12,150 in March 2026, and further climbed to ₹12,950 per sq ft as of June 2026, signaling strong and sustained demand for the locality.
Property prices in Preet Vihar vary significantly when compared to neighbouring localities. As of June 2026, Mayur Vihar commands an average asking price of ₹16,500 per sq ft (which appreciated by 4.51%), while Anand Vihar is priced at ₹15,900 per sq ft (appreciating by 11.32%). Other nearby areas include Patparganj at ₹15,100 per sq ft (up 10.61%), IP Extension at ₹14,050 per sq ft (depreciating by 0.49%), and Krishna Nagar at ₹7,550 per sq ft (appreciating by 0.47%).
As of June 2026, apartments in Preet Vihar are priced at an average of ₹30,150 per sq ft, having seen a significant appreciation of 89.21% over the observed period. In contrast, villas are priced at ₹14,100 per sq ft, which reflects a substantial depreciation of 75.17% compared to the previous period, suggesting a shift in market preference or supply dynamics toward apartment-style living.
As of June 2026, the average rental rate in Preet Vihar is ₹21 per sq ft, which has depreciated by 8.7% compared to the previous period. The locality currently offers a rental yield of 0.84%, a metric that investors use to evaluate the annual income potential of a property relative to its purchase price.
Rental rates in Preet Vihar scale according to the size of the unit, with 1 BHK apartments averaging ₹15,000 per month, 2 BHK units at ₹16,550 per month, and 3 BHK units at ₹24,850 per month as of June 2026. This tiered pricing structure allows tenants to choose options based on their space requirements and budget, while providing landlords with a clear understanding of the prevailing market demand for different unit sizes.
As of June 2026, the average rental rate for apartments in Preet Vihar is ₹50 per sq ft, showing an appreciation of 9.52%. Meanwhile, office spaces are also renting at ₹50 per sq ft, though this segment has seen a depreciation of 11.94%. Villas in the area maintain a stable rental rate of ₹50 per sq ft with 0% change, indicating consistent demand for this segment.
Rental rates across the broader region are quite uniform, with many areas like Nirman Vihar, Dayanand Vihar, Hargobind Enclave, Patparganj, Mandawali, IP Extension, Jagriti Enclave, Ganesh Nagar, and Anand Vihar all recording an average rental rate of ₹50 per sq ft as of June 2026. Among these, Mandawali saw the highest growth with a 38.46% appreciation, followed by Patparganj at 21.43% and IP Extension at 10%, while Laxmi Nagar experienced a depreciation of 6.25%.
