Akhil Wable, co-founder of the public data platform DataforIndia, has purchased a 1,280 square yard plot in Delhi’s upscale Vasant Vihar locality for ₹113 crore. The deal, registered on June 25, 2025, marks one of the highest recent residential land transactions in the area, according to property documents accessed by Zapkey.com.
The seller, Eleannt Enterprises, had acquired the same plot earlier this year for ₹95 crore, highlighting the steep rise in land prices in this part of South Delhi. The resale in less than six months underscores both high investor interest and the limited availability of large-format residential plots in the Vasant Vihar area.
The 1,280 square yard parcel is located near the Vasant Lok market and the Vasant Vihar Metro station. Due to its location, it is eligible for residential and specified commercial use, according to Rohit Chopra of SouthDelhiPrime.com. “The average rate in Vasant Vihar lies between ₹9–11 lakh per square yard. This deal was transacted at about ₹9 lakh per square yard, which reflects a value-driven approach based on current micro-market dynamics,” Chopra stated.
Wable’s acquisition is part of a broader trend where tech entrepreneurs, new-age business leaders, and startup founders are investing in established South Delhi neighbourhoods, particularly in bungalows and large residential plots. This shift marks a departure from the traditional dominance of political families and long-standing business dynasties in these areas.
According to real estate analysts, the demand for independent residences with private access and scope for custom redevelopment has grown over the past two years. Factors such as improved metro connectivity, road infrastructure, and the flexibility of plot development have enhanced the attractiveness of colonies like Vasant Vihar.
Vasant Vihar is considered among the top residential colonies in South Delhi due to its size, location, and planning layout. With over 1,500 residential plots, it offers a wide range of options, but the number of large, clear-title plots available for sale remains limited.
Buyers today are looking for end-use plots, not just investment. The availability of large plots like the one purchased by Wable is extremely limited, especially in locations close to markets, schools, and metro stations.
The colony shares boundaries with institutional areas, diplomatic enclaves, and green spaces, contributing to its continued relevance for high-net-worth individuals. As a result, redevelopment opportunities, where old bungalows are replaced with low-rise apartments or customized homes, are becoming more common.
Earlier this year, Vineet Kapur, founder of the skincare brand O3 Plus, along with his wife Sonia Kapur, purchased an 800 square yard property in Vasant Vihar for ₹72 crore. The property includes a built-up structure spanning over 6,000 square feet and was registered in April 2025. The couple paid ₹1.8 crore in stamp duty for the transaction.
Such purchases are indicative of a larger shift in Delhi’s luxury housing market, where independent homes are once again gaining preference over vertical housing, particularly among end-users with capital liquidity. “Many buyers are also evaluating the potential to convert these units into multi-dwelling buildings without compromising on privacy,” said a local builder engaged in high-end redevelopment.
A notable pattern in Vasant Vihar over the past decade has been the transformation of single-owner bungalows into modern low-rise residential units. These units typically follow the builder-floor model and cater to families seeking independent living within established neighbourhoods. This redevelopment trend is helping introduce fresh inventory in an area with generally stagnant supply.
However, the character of the colony has largely remained unchanged due to regulated development norms, green area mandates, and controlled floor area ratios. This has maintained Vasant Vihar’s exclusivity and sustained price growth across most blocks.
According to market observers, redevelopment interest is particularly active in the C and D blocks, where land parcels range from 600 to 1,200 square yards. “While prices vary widely based on location and frontage, demand remains consistent due to the rarity of such properties,” said Chopra.
Image source- freepik.com
