New Delhi: New gated condominiums in central and west Delhi, which reflect modern living trends, are drawing people away from bungalows and independent-floor homes, pushing up home rentals in these areas to levels seen in the high-end neighbourhoods south Delhi and Gurugram, according to experts.
Developers such as DLF, TARC, Unity and Raheja have launched premium projects, while global players Hines, Conscient and HDFC Capital are jointly redeveloping the Birla Cotton Mills in Kamla Nagar into a high-end, mixed-use residential project.
"The luxury housing market in NCR has entered a new phase, with Delhi now competing with Gurugram and Noida as a hub for high-rise living," said Aakash Ohri, joint MD and chief business officer of DLF Homes. "Traditionally known for bungalows, farmhouses and builder floors, the capital is witnessing a clear shift toward integrated luxury condominiums. A significant segment of the city's population, particularly in West Delhi, seeks to upgrade to modern, world-class living without sacrificing the comfort and cultural familiarity of being in the capital."
A 3BHK apartment at DLF's One Midtown project in Moti Nagar fetches ₹1.5-₹2 lakh in monthly rent-two to three times higher than other West Delhi projects. According to Anarock's Q2 2025 NCR Real Estate Report, Delhi-NCR recorded a 27% year-on-year rise in property values, with rentals rising by 7-9% in H1, 2025. New Delhi's high-rise condos have outperformed even established hubs in Gurugram and Noida.
In gated communities, residents enjoy everything within the township, from clubhouses and gyms to landscaped greens and retail. The influx of such integrated models is fuelling demand from aspirational homebuyers who once turned to Gurugram and Noida for such offerings.
"West Delhi, spearheaded by localities such as Moti Nagar and Kirti Nagar, is becoming a luxury destination. Infrastructure upgrades and 70-80% appreciation in five years are luring buyers seeking luxury living and strong appreciation potential," said Sam Chopra, CEO of eXp Realty India.
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Developers such as DLF, TARC, Unity and Raheja have launched premium projects, while global players Hines, Conscient and HDFC Capital are jointly redeveloping the Birla Cotton Mills in Kamla Nagar into a high-end, mixed-use residential project.
"The luxury housing market in NCR has entered a new phase, with Delhi now competing with Gurugram and Noida as a hub for high-rise living," said Aakash Ohri, joint MD and chief business officer of DLF Homes. "Traditionally known for bungalows, farmhouses and builder floors, the capital is witnessing a clear shift toward integrated luxury condominiums. A significant segment of the city's population, particularly in West Delhi, seeks to upgrade to modern, world-class living without sacrificing the comfort and cultural familiarity of being in the capital."
A 3BHK apartment at DLF's One Midtown project in Moti Nagar fetches ₹1.5-₹2 lakh in monthly rent-two to three times higher than other West Delhi projects. According to Anarock's Q2 2025 NCR Real Estate Report, Delhi-NCR recorded a 27% year-on-year rise in property values, with rentals rising by 7-9% in H1, 2025. New Delhi's high-rise condos have outperformed even established hubs in Gurugram and Noida.
In gated communities, residents enjoy everything within the township, from clubhouses and gyms to landscaped greens and retail. The influx of such integrated models is fuelling demand from aspirational homebuyers who once turned to Gurugram and Noida for such offerings.
"West Delhi, spearheaded by localities such as Moti Nagar and Kirti Nagar, is becoming a luxury destination. Infrastructure upgrades and 70-80% appreciation in five years are luring buyers seeking luxury living and strong appreciation potential," said Sam Chopra, CEO of eXp Realty India.
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