Rs 18 crore in 180 days: Vasant Vihar plot with no construction approval sold at huge profit. Why's South Delhi’s property rate so high?

In a striking deal, a plot in Vasant Vihar, South Delhi, was sold for Rs 18 crore in just 180 days, despite lacking construction approval. The area’s soaring property rates can be attributed to its prime location, proximity to high-end amenities, and growing demand from affluent buyers and investors.

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Rs 18 crore in 180 days: Vasant Vihar plot with no construction approval sold at huge profit. Why's South Delhi’s property rate so high? In a striking deal, a plot in Vasant Vihar, South Delhi, was sold for Rs 18 crore in just 180 days, despite lacking construction approval. The area’s soaring property rates can be attributed to its prime location, proximity to high-end amenities, and growing demand from affluent buyers and investors. Visit: https://m.economictimes.com/news/new-updates/rs-18-crore-in-180-days-vasant-vihar-plot-with-no-construction-approval-sold-at-huge-profit-whys-south-delhis-property-rate-so-high/articleshow/122945511.cms #Investment_in_Real_Estate #Real_Estate_Fund #Real_Estate_Investment_company #AIF_delhi #AIF_south_delhi #south_delhi_fund
M.ECONOMICTIMES.COM
Rs 18 crore in 180 days: Vasant Vihar plot with no construction approval sold at huge profit. Why's South Delhi’s property rate so high?
Akhil Wable's ₹113 crore land purchase in Vasant Vihar highlights South Delhi's robust property market. Driven by scarcity and high demand, prices continue to rise despite development challenges. Institutional investors and ultra-rich families fuel this market, reinforcing South Delhi's status as India's prime residential area.
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