New Launch - India Real Estate Report 2026.

Gandhi Market Area

Avg rate icon

Avg. Rate

₹ 7,382/sq. ft

Locality rating icon

Locality Rating

4.1/10

Gandhi Market Area is a well-established commercial and residential locality situated within the Barakhamba Road corridor in central New Delhi, Delhi. It falls under the postal code 110002 and is part of the bustling Connaught Place (CP) region, known for its historical significance and strategic location. The area is surrounded by key neighborhoods such as Connaught Place, Paharganj, and the Delhi Junction Railway Colony, making it a central node in the city’s urban fabric. While primarily known for its market activity, it also hosts mixed-use buildings with residential units above ground floors. Historically, Gandhi Market Area developed alongside the expansion of Connaught Place in the early 20th century, serving as a support zone for trade and services catering to both locals and tourists. Today, it features a blend of old Delhi charm and modern commercial energy, with narrow lanes housing wholesale and retail shops, particularly in garments, textiles, and stationery. Despite limited new real estate development, the area remains in demand due to its proximity to business hubs and transport links. Connectivity in Gandhi Market Area is excellent, with Barakhamba Road and Mahatma Gandhi Marg acting as major arterial roads linking it to other parts of central and south Delhi. The Delhi Metro’s Rajiv Chowk station on the Blue Line is within walking distance, enhancing access to employment centers and residential suburbs. Although no large residential projects are currently underway, property values remain stable due to sustained commercial demand and strategic location in New Delhi’s core.

Region

Barakhamba

City

Delhi

District

New Delhi

State

Delhi

Pincode

110002

Population

32,500

Schools

1

Nearest Airport

Indira Gandhi International Airport (DEL)

Neighbourhood Insights byPulse AI Logo

Locality price index icon

The Good

Prime location with easy access to business and retail hubs in central Delhi

High footfall and commercial activity support rental income potential

Well-connected via metro, buses, and major roads to all parts of the city

Locality price index icon

The Bad

Congested streets and limited parking due to heavy commercial traffic

Limited green spaces and residential amenities compared to newer colonies

Zakir Husain Delhi CollegeJawaharlal Nehru Marg, New Delhi, 110002

Aurum Price Index for Gandhi market area

1BHK2BHK3BHKAll

Normalized to 100 · Oct 2020 baseline

Timeline

Aurum Price Index is based on 10 parameters:

Property Listing Trends

(12%)

RERA Inventory & Sales Velocity

(13%)

IGR Transaction Data

(15%)

Rental Yield

(10%)

Pollution & Environment

(08%)

Infrastructure & Connectivity

(13%)

Social Infrastructure

(08%)

Crimes & Safety

(08%)

Political Stability

(06%)

Corruption & ease of doing business

(07%)

Rates and Trends

Upper PriceAverage PriceLower Price

Timeline

Average Rate

₹ 7,382/sq. ft

Average Price Range

₹ 4,227 – 12,679

Trend (5Y)

▲ 41.4%

Nearby Neighborhoods

SKD Basti

SKD Basti, located in the historic Ajmeri Gate area of Delhi (PIN code 110002), is a densely populated residential locality that reflects the cultural and architectural heritage of Old Delhi. Nestled near key transport nodes and commercial centers, it offers residents a central urban lifestyle with easy access to essential services. The narrow, bustling lanes are lined with small shops, street food vendors, and local markets, contributing to its vibrant community character. Despite infrastructural constraints, the area remains a preferred choice for those seeking affordable housing in central Delhi. The locality benefits from strong connectivity, with the Old Delhi Railway Station and Delhi Junction within close proximity, enabling seamless rail travel across North India. Regular bus services and auto-rickshaws ply through the area, linking it to Connaught Place, Chandni Chowk, and other major hubs. While there are no new residential projects currently underway, existing housing comprises older low-rise buildings, primarily rented accommodations and modest owner-occupied homes. Real estate demand is driven by affordability and location rather than modern amenities. SKD Basti is well-supported by nearby healthcare and educational institutions, including Irwin Hospital and several government and private schools in the vicinity. Daily needs are met through local markets like Ajmeri Gate Market and Meena Bazar, which offer groceries, clothing, and household goods. However, the area faces challenges such as congestion, limited pedestrian space, and inadequate parking due to high population density. These factors shape a lived experience that values accessibility and community over comfort and space.

Avg. Rate

₹ 13,819/sq. ft

Locality Rating

4.5/10

Explore Neighbourhood

64 Khamba

64 Khamba is a historic locality nestled in the bustling heart of Chandni Chowk, Central Delhi, bearing the PIN code 110002. It lies within the dense urban fabric of Old Delhi, surrounded by centuries-old lanes, vibrant markets, and Mughal-era landmarks. The area is deeply rooted in Delhi’s cultural and commercial history, functioning primarily as a residential-cum-commercial zone with narrow bylanes housing small businesses, workshops, and traditional homes. Characterized by its compact layout and high population density, 64 Khamba is in close proximity to major historical and religious sites such as Jama Masjid, Kinari Bazar, and Dariba Kalan. While modern real estate development is minimal due to heritage regulations and space constraints, the locality retains its old-world charm with havelis, chowks, and community living patterns. Connectivity is strong via road and rail, with Chawri Bazar and Jama Masjid metro stations nearby. The area lacks large-scale residential projects, with most properties being ancestral homes or small-scale commercial units. Infrastructure includes access to key markets, medical colleges, and religious centers, though civic amenities face strain due to congestion. 64 Khamba remains significant for its socio-cultural heritage and location within one of Delhi’s oldest and most dynamic urban clusters.

Avg. Rate

₹ 7,604/sq. ft

Locality Rating

4.3/10

Explore Neighbourhood

Railway Colony

Railway Colony is a well-established residential locality situated in the heart of Barakhamba Road, New Delhi, within the central district of Delhi. Developed primarily to house Indian Railways employees and their families, the area carries a legacy of colonial-era urban planning and continues to serve as a functional residential enclave near key government and commercial hubs. The locality falls under the PIN code 110002 and is surrounded by prominent areas such as Connaught Place, Gandhi Market, and ITO, offering residents proximity to both administrative offices and urban amenities. Characterized by low-rise residential blocks and government quarters, Railway Colony features limited private real estate development, with most properties under the ownership or control of the Railways. As a result, there are currently no new residential projects launched in the area, and property transactions are relatively rare, contributing to a stable but non-dynamic housing market. Despite the absence of large-scale modern housing complexes, the area remains sought after for its central location and strong connectivity. The infrastructure around Railway Colony benefits from its integration with central Delhi’s urban fabric, with access to top-tier healthcare facilities, educational institutions, and commercial centers within a short distance. While the locality itself is quiet and residential, it opens into bustling markets and business districts, making it ideal for professionals working in nearby government offices or corporate centers. Its blend of historical significance and strategic location continues to define its appeal in the New Delhi real estate landscape.

Avg. Rate

₹ 22,773/sq. ft

Locality Rating

4/10

Explore Neighbourhood

Frequently Asked Questions

The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in

Pexo Icon

Ask Pulse Ai anything about real estate

Unlock the Latest in Real Estate

News, Infographics, Blogs & More! Delivered to your inbox.

Proptech Pulse Logo

“Data that drives action.
Insight that inspires action.
Technology that empowers action.“

Made with Love

Statue

© PropTech Pulse 2026, All rights reserved.

Terms of Use and Privacy Policy