Akhil Wable’s 113 crore rupee land purchase in Vasant Vihar shows South Delhi’s strong property market. Prices keep climbing due to low supply and high demand, even with building issues. Big investors and wealthy families support this market. This makes South Delhi a top place to live in India. Wable, founder of DataforIndia, bought a 113 crore rupee plot in Vasant Vihar. This deal shines a light on Delhi’s best real estate areas. The sale is one of the priciest this year. However, the reasons behind it and what it tells us about the market are also key.
Eleannt Enterprises sold the 1,280-square yard plot to Wable. They had bought it for 95 crore rupees in January. They paid 6.65 crore rupees in stamp duty for it. Even though building is tough near Delhi’s ridge, the land gained 18 crore rupees in six months. This sale highlights a simple fact. Land scarcity and investor interest raise South Delhi prices. This happens often, regardless of building challenges. The Vasant Vihar deal is part of a bigger trend.
This is not an unusual event. An ET report from May called the Eleannt Enterprises deal one of the priciest land sales in the area. Selling it quickly for more money shows a trend of confident investing. The land might face rules, but the profit is clear.