India's Top 57 Billionaires Own Home In These 7 Most Expensive Neighbourhoods In Delhi

New Delhi: New Delhi, the capital of India, has rapidly emerged as a major hotspot for real estate investments. The city's growing wealth, bolstered by the influx of industrialists, politicians, celebrities, and sports stars, has driven up property prices, particularly in high-demand, exclusive areas. According to the Hurun India Rich List 2024, Delhi is home to 57 billionaires, making it the second wealthiest city in India after Mumbai. With its growing affluence, certain neighbourhoods in Delhi have become synonymous with luxury living, attracting the city's wealthiest residents. In this article, we explore the seven most expensive residential locations in the city.

1. Prithviraj Road

Prithviraj Road is one of the most prestigious addresses in Delhi, located in the heart of Lutyens’ Delhi. This area is home to sprawling bungalows and luxurious estates, offering unparallelled privacy and security. Surrounded by lush greenery, including the Golf Course, and close to historical landmarks like Safdarjung Tomb, Prithviraj Road has become a prime location for politicians, industrialists, and high-net-worth individuals. Real estate prices here are among the highest in the city, with properties often valued in crores of rupees, as per a Financial Express report. 2. Jor Bagh

Jor Bagh, situated near prominent historical sites such as Humayun’s Tomb and Safdarjung Tomb, is another high-demand area in Delhi. The neighborhood’s proximity to Lodhi Gardens, one of the city’s greenest areas, adds to its appeal. Known for its blend of palatial homes and modern apartments, Jor Bagh is favored by Bollywood celebrities, politicians, and business tycoons. The area is well-connected to commercial hubs like Khan Market, further enhancing its desirability. With its tranquil yet exclusive ambiance, Jor Bagh remains one of Delhi's most sought-after addresses. 3. Defence Colony

Located in the heart of South Delhi, Defence Colony is home to some of the wealthiest families in India. The area’s proximity to essential landmarks, including AIIMS and top-tier medical facilities, restaurants, and shopping districts, has made it a top choice for high-net-worth individuals. The seamless connectivity via metro makes Defence Colony an attractive option for those who need easy access to the city’s commercial and social centres. The locality features spacious independent houses and luxurious apartments, making it one of the most prestigious residential areas in Delhi. 4. Model Town

Model Town, located in North Delhi, is a growing residential hotspot. Developed by DLF Group, it was one of the first residential areas in Delhi to see private development, and it remains a desirable area for government officials, businessmen, and celebrities. Known for its upscale apartments and independent houses, Model Town continues to rise in popularity, especially due to its increasing status as a luxury destination. Over the years, the area has witnessed a rise in property values, making it one of the prime residential locations in North Delhi. 5. New Friends Colony (NFC)

New Friends Colony, situated in South Delhi, has long been regarded as one of the city’s wealthiest neighbourhoods. Known for its serene environment, wide roads, and luxurious properties, NFC is home to many influential businessmen, politicians, and celebrities. The area offers a range of housing options, from modern apartments to independent houses and bungalows. With excellent connectivity to major business hubs and proximity to top schools, colleges, and hospitals, NFC continues to attract affluent families seeking both prestige and convenience. 6. Panchsheel Park

Panchsheel Park, located in southern Delhi, is an upscale locality surrounded by greenery, including Hauz Khas Forest and Hauz Khas District Park. The neighbourhood features a mix of spacious apartments, independent floors, and large bungalows, with many homes offering lush gardens and private courtyards. Known for its calm, green surroundings, Panchsheel Park is often referred to as the diplomatic district of South Delhi due to its proximity to several embassies and consulates. This combination of privacy, exclusivity, and natural beauty makes it one of the most expensive areas to live in Delhi. 7. Nizamuddin West

Nizamuddin West, located just south of India Gate, is an affluent neighbourhood known for its historical significance and serene environment. It is home to prominent personalities, including politicians and businessmen. Often called the "green lung" of Delhi, the area boasts an abundance of greenery, including landmarks like Sunder Nursery and Humayun’s Tomb. (Representational Images)