Delhi
South Extension remains a prominent residential hub in Delhi, characterized by its mix of established neighborhoods and premium housing options. The market has seen varying price trends across the last four quarters, with current asking prices stabilizing near the ₹29,500 per sq ft mark. Rental demand remains robust, particularly for larger configurations, supported by a healthy yield of 2.73%. Buyers and tenants alike benefit from the varied property types available, from compact apartments to expansive luxury villas.
As of June 2026, the average asking price in South Extension is ₹29,500 per sq ft. This figure reflects a depreciation of 4.83% compared to the previous period, indicating a recent market adjustment in this premium locality.
Property prices in South Extension have shown a downward trajectory over the last few quarters, with the location rate moving from ₹31,600 per sq ft in September 2025 to ₹29,400 per sq ft by June 2026. This trend suggests a softening in seller expectations or a shift in market dynamics that buyers may find advantageous for entry.
Property prices in South Extension vary significantly compared to its neighbours. As of June 2026, Defence Colony commands a premium at ₹42,500 per sq ft (which has appreciated by 0.6%), while areas like Panchsheel Enclave have seen significant growth, reaching ₹35,250 per sq ft after a 23.13% appreciation. Conversely, Mayur Vihar 1 remains a more accessible option at ₹13,650 per sq ft, despite a 3.17% depreciation.
Villas in South Extension are significantly more expensive than apartments, with an average asking price of ₹81,600 per sq ft as of June 2026, reflecting an appreciation of 2% compared to the prior period. In contrast, apartments are priced at an average of ₹29,400 per sq ft, which has seen a minor depreciation of 0.34% over the same timeframe, highlighting the premium commanded by independent villa properties in the area.
As of June 2026, the average rental rate in South Extension is ₹67 per sq ft, which has depreciated by 9.46% compared to the previous period. The locality currently offers a rental yield of 2.73%, a metric that investors use to evaluate the annual income potential of a property relative to its capital purchase price.
Rental rates in South Extension scale significantly with size, reflecting the diverse housing stock available. As of June 2026, monthly rents start at ₹26,550 for a Studio and ₹35,150 for a 1 BHK, rising to ₹47,050 for a 2 BHK. For larger family-sized homes, the average monthly rent is ₹1.25 Lakh for a 3 BHK, ₹1.95 Lakh for a 4 BHK, and reaches ₹3.65 Lakh for a 5 BHK, catering to a wide spectrum of tenant profiles.
Office spaces in South Extension command a much higher rental rate of ₹150 per sq ft as of June 2026, having experienced a substantial appreciation of 152.83% compared to the previous period. Meanwhile, apartments are currently renting at an average of ₹50 per sq ft, which represents a depreciation of 14.93% over the same period, indicating a strong demand for commercial real estate in the locality.
Among the surrounding areas, Jor Bagh commands the highest rental rate at ₹150 per sq ft as of June 2026, showing a strong appreciation of 12.71%. Defence Colony also remains a premium rental hub at ₹100 per sq ft, with a 6.82% appreciation, while many other surrounding localities like South Extension I, Kotla Mubarakpur, and Uday Park maintain a standard rental rate of ₹50 per sq ft.
