Locality Guide · South Delhi
Four lettered blocks fanned around the M-block market and a district park. A city forest on one edge, two metro stations on the doorstep.
Property in Greater Kailash 2 trades at roughly ₹32,000–35,000 per square foot for new builder floors. As a result, a typical 4 BHK floor costs ₹9–16 crore. The large W-block plots, however, sit in a different league.
We have closed floor deals across South Delhi for four decades from our base in Defence Colony. In our experience, GK 2 is a colony where buyers overpay without noticing. That is because two floors with the same bedrooms can differ in block, plot size and frontage — and in price by crores. This guide explains what property in Greater Kailash 2 costs, how the four blocks differ and what it earns on rent. It also lists the checks that protect you before you sign.
GK 2 has two markets inside one colony. First, on standard 250–500 sq yd plots it prices like its sibling GK 1. On the big W-block plots, by contrast, full-floor homes of 5,000–6,000 sq ft trade from ₹30 crore. So always ask which of the two a quoted rate belongs to.
At a glance
These are indicative levels for new construction on standard plots. Block, plot size, floor and frontage move the price more than the finish. Figures follow the SouthDelhiFloors pricing table and current market data. Even so, confirm them against the specific floor.
This is the minimum registration value of the land, not its market price. For a built floor, therefore, add the cost of construction. See Delhi circle rates in full →
How it formed
Greater Kailash 2 was planned as a companion to GK 1, on a distinctive fan layout. Curved 40-foot and 60-foot roads sweep around a central spine. An 80-foot road wraps the outer edge. The original plan divides the colony into four lettered blocks: E, M, S and W. In addition, each has its own market, set around the M-block market and a large district park.
As everywhere in South Delhi, owners have redeveloped the original houses plot by plot into stilt-plus-four builder floors. Because there is no vacant land and no apartment tower inside the colony, new supply comes only from redevelopment. As a result, property in Greater Kailash 2 holds its price through cycles. Fixed stock, the district park and the Jahanpanah City Forest all help.
A typical stilt-plus-four redevelopment — several floors on one GK 2 plot.
Where value lives
Property in Greater Kailash 2 is best read block by block. First, the M-block runs down the centre along the M-block market. It is the most connected and liquid address, and also the busiest. Next, the E-block fans out to the west around its own market on curved residential roads. Meanwhile, the S-block is the broad eastern arc, calm streets around the S market running down to the district park. Finally, the W-block holds the largest plots, many of 1,000 sq yd and above, toward the forest.
Note that plot numbers restart in every block. So W-50 and E-50 are different homes, often at very different prices. Tap the map, drawn over the original layout plan, to see how the blocks sit.
Drawn over the original layout plan of GK 2. Tap a block for its character. Gold overlays group the blocks and are schematic — boundaries are indicative, not to scale.
Plot numbers restart in each block, so always quote the block letter with the number. The overlay is schematic; landmarks are for orientation.
Ask us about this block →Three ways to buy
The cleanest option in GK 2. You inspect the finished floor and get a builder warranty. Expect the full ₹32,000–35,000 per sq ft on a standard plot.
Usually 15–30% below new build for the same land share. However, check the structure, lift and seepage carefully. It is often the best value in the E and S blocks.
The lowest entry price, and the highest risk. Buy only from a builder with finished GK projects and a sanctioned plan. Tie payments to construction stages.
Daily life
For most owners of property in Greater Kailash 2, daily life revolves around the markets and the green. The M-block market is a destination of its own, with restaurants, cafes, salons and well-known bath and design showrooms. Meanwhile, the E and S markets handle daily errands closer to home. The district park and the Jahanpanah City Forest also give the colony more open green than most South Delhi addresses.
Connectivity is strong. Greater Kailash and Nehru Enclave stations on the Delhi Metro Magenta Line sit at the colony’s edges. Nehru Place on the Violet Line is also minutes away. Similarly, the Outer Ring Road links Saket, the airport and Noida. On the other hand, market-facing streets are busy and short of parking at weekends. That is why the quiet inner roads of each block hold their own premium.
What it earns
Rental demand for property in Greater Kailash 2 is deep and steady. For example, tenants include business families, senior professionals and corporate leases. A typical 4 BHK floor lets for roughly ₹2–4.5 lakh a month. In addition, large W-block floors let above that range.
However, gross yields are modest, at around 2%, because most of the value sits in the land. So buy GK 2 for long-term capital value and a stable tenant base, not for rental income alone.
The money mechanics
Greater Kailash 2 is circle-rate Category B. Land is valued at ₹2,45,520 per square metre, and minimum construction at ₹17,400 per square metre. Duty is charged on the higher of the deal value and the circle value. In GK 2, however, the market figure is almost always higher.
Budget the full cost of registration on top of the price. The all-in rate is 8% in a man’s name, 6% in a woman’s name and 7% for joint ownership. In other words, it covers base stamp duty plus 1% MCD transfer duty and 1% registration. For example, a ₹12 crore floor costs about ₹96 lakh to register in a man’s name. In a woman’s name, it is about ₹72 lakh. In addition, the buyer deducts 1% TDS against the seller’s PAN. See the full stamp duty breakdown →
Many buyers of property in Greater Kailash 2 use a loan. After all, a floor with clean title and a sanctioned plan is readily bankable. How a home loan works on a builder floor →
Protect yourself
The common mistake is comparing prices across blocks without adjusting for plot size. A 300 sq yd S-block floor and a 1,000 sq yd W-block floor are different products. Consequently, comparing them in a negotiation costs both sides.
Available now
A snapshot of property in Greater Kailash 2 that we currently represent, all on large W-block plots. The full, always-current list lives on our GK 2 page.
1,200 Sq Yd Second Floor, W-Block, GK 2
₹32 Cr
1,200 Sq Yd Penthouse with Terrace, GK 2
₹36 Cr
1,000 Sq Yd Duplex with Pool, GK 2
₹35 CrHow it compares
The two share a name, a circle-rate category and similar rates on standard plots. So buyers at this level usually shortlist both. GK 1 is larger, busier and more liquid, built around its famous M-block and N-block high street. GK 2, in contrast, is calmer and greener. For instance, it has a district park, a city forest edge, two metro stations and the large W-block plots. Therefore, choose GK 1 for buzz and depth of stock, and property in Greater Kailash 2 for green, calm and big-plot living. In practice, though, the specific floor usually decides it.
The medium term
Three things underpin the case for property in Greater Kailash 2. First, supply is fixed: every new home comes from redeveloping an old one. Second, demand is broad, from upgrading families to returning NRIs. Third, Category B colonies such as GK have recently outpaced Category A in price growth.
The risk to watch is the top end. Large W-block floors are a thin market, so a few deals move their pricing. On standard plots, however, GK 2 remains one of the steadiest builder-floor markets in the city. Why market rates run far above circle rates →
Good to know
In short
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