New Delhi, a city long defined by sprawling independent floors and bungalows, is undergoing a dramatic transformation. The capital’s skyline is being reshaped by luxury high-rise condominiums, reflecting a paradigm shift in urban living and real estate trends. This vertical revolution, spurred by a post-COVID surge in demand, has seen the city embrace integrated housing solutions that combine modern luxury with community living.
A recent report by JLL highlights this trend, revealing that in the first half of 2024, 19% of all homes sold in the Delhi-NCR region were in the luxury segment. Developers have been quick to respond to this demand, with new projects setting unprecedented benchmarks for comfort, privacy, and convenience.
Projects like DLF ONE Midtown, located in Moti Nagar, have emerged as symbols of this change. The success of such developments reflects a broader trend, with high-rise projects reshaping Delhi’s urban landscape across various neighbourhoods.
In Central Delhi, The Amaryllis by the Unity Group offers a prime location near Connaught Place, featuring unique amenities such as a skywalk and a state-of-the-art clubhouse. South Delhi’s Risland Sky Mansion in Chhatarpur provides ultra-luxury residences with panoramic views of the Aravalli Greens, catering to discerning buyers. Similarly, The Leela Sky Villas in Patel Nagar has set new standards with private pools, rooftop restaurants, and five-star services managed by The Leela Hotels.
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Speaking on the transformation, Aakash Ohri, JMD and Chief Business Officer of DLF Ltd, said that Delhi’s real estate market is evolving in response to changing buyer preferences. “Delhi’s real estate market is experiencing a notable evolution, propelled by an increasing demand for upscale high-rise condominiums. This change signifies a burgeoning inclination among homebuyers towards integrated living environments that emphasize comfort, privacy, and security. ONE Midtown, located in West Delhi, stands as a landmark in this evolving market, redefining urban luxury with its expansive greenery, thoughtfully-designed residences, and a state-of-the-art clubhouse—the first of its kind in the capital.”
DLF ONE Midtown is DLF’s latest luxury offering in the capital city, comprising four residential towers with over 900 apartments. Another prominent player, TARC Limited have set up projects like TARC Kailasa on Patel Road and TARC Tripundra on Main Bijwasan Road.
Amar Sarin, MD and CEO of TARC Limited described this shift as a reflection of the capital’s evolution, adding, “As customers are looking to shift from builder floors to high rises in New Delhi, our projects are designed to offer unparalleled luxury and comfort, seamlessly blending contemporary design with traditional elegance. These developments provide an unparalleled living experience for the people of New Delhi, offering a plethora of amenities and lifestyle features that cater to modern urban living.”
The post-COVID era has fueled a renewed focus on housing preferences, with homebuyers increasingly gravitating toward projects that offer comprehensive lifestyle solutions. Enhanced security, premium amenities, and a sense of community have emerged as essential factors driving demand for luxury high-rise condominiums. This trend is evident in Prop Equity’s latest findings, which show a 25% year-on-year increase in housing sales during the October-December 2024 quarter, with luxury housing accounting for nearly half of all sales in Delhi-NCR this year, compared to just 3% in 2019.
Shashank Vashishtha, Executive Director, eXp India, said, “Delhi has consistently been a top choice for homebuyers, not just from the NCR but also from neighbouring regions across North India. The rising interest, coupled with a historic scarcity of integrated developments within the city, has encouraged both established and emerging developers to invest in Delhi’s residential sector, cementing its status as a premier real estate destination.”
As the capital embraces this vertical revolution, it signifies a future defined by innovation, comfort, and a re-imagined vision of urban luxury.