Delhi
The South Delhi real estate market currently presents a nuanced landscape characterized by varied price points across different property segments. Apartment prices remain relatively steady, providing a reliable baseline for residential investment in the capital. Meanwhile, the office space and villa sectors have experienced price adjustments, which may attract long-term investors seeking entry points into this prestigious area. The availability of ready-to-move projects continues to influence buyer decisions, ensuring that those prioritizing immediate occupancy have viable options to consider.
The average asking price for an apartment in South Delhi is ₹25,400 per sq ft as of March 2026. This rate has seen a minor depreciation of 0.09% from December 2025 to March 2026, indicating that prices for residential apartments have remained largely stable despite broader market fluctuations.
Villas in South Delhi command a significantly higher average asking price of ₹52,600 per sq ft as of March 2026, compared to ₹25,400 per sq ft for apartments. The villa segment experienced a notable depreciation of 48.1% from December 2025 to March 2026, which suggests a substantial market correction in the luxury independent housing sector during this period.
As of March 2026, the average asking price for office space in South Delhi stands at ₹15,750 per sq ft. This sector has witnessed a depreciation of 3.94% from December 2025 to March 2026, reflecting a softening in commercial property valuations within the region.
Ready To Move projects in South Delhi are currently priced at an average of ₹14,900 per sq ft as of March 2026, while Well Occupied projects hold a lower average of ₹11,100 per sq ft. The Ready To Move segment saw a depreciation of 14.87% from December 2025 to March 2026, and the Well Occupied segment recorded a sharper depreciation of 30.62% over the same timeframe, highlighting a broader downward trend in established project valuations.
The depreciation across various property types and statuses in South Delhi, observed from December 2025 to March 2026, signals a period of market correction where sellers may be adjusting expectations to align with current demand. For buyers, this trend may present opportunities to acquire assets at more competitive price points compared to previous quarters, particularly in the villa and well-occupied project segments where the most significant price adjustments have occurred.
