Greater Kailash (GK) is often synonymous with upscale living in South Delhi, but while GK I has long dominated headlines, its neighbor—Greater Kailash Phase 2 (GK II)—remains surprisingly under the radar. In this post, we’ll explore why GK II deserves more attention, diving into its connectivity, market trends, amenities, and growth potential. By the end, you’ll see why savvy homebuyers and investors should seriously consider GK II over many pricier South Delhi localities.
Quick Takeaways
- Location Advantage: GK II sits just east of GK I yet enjoys smoother access to the Outer Ring Road and the Kailash Colony Metro station (Violet Line), making commutes easier than many assume .
- Competitive Pricing: As of May 2025, builder‐floor rates in GK II range from ₹9,750 to ₹38,150 per sq ft—about 15–20% lower than comparable properties in GK I (₹22,222–₹41,500 per sq ft) .
- Robust Amenities: From a bustling M‐Block market to top‐rated schools, hospitals, and green pockets like Neeti Bagh, GK II delivers urban comforts without the crowds of GK I.
- Emerging Growth: New RERA‐approved projects, improved pedestrian paths, and rising demand from young professionals are steadily pushing GK II’s profile upward .
- Underrated Appeal: Despite comparable facilities, GK II remains 5–10% more affordable than GK I, making it a hidden gem for those seeking true South Delhi living without exuberant price tags .
1. Location & Neighborhood Overview
Greater Kailash II is located just south of GK I, between the Outer Ring Road and the Traffic/Embassy Road (Terhi Basti Road). Unlike GK I’s intimate, maze‐like lanes, GK II offers a slightly more open layout with broader roads—a relief during Delhi’s peak traffic hours . Its immediate neighbors include Kalkaji to the east and Chittaranjan Park (CR Park) to the south.
- M‑Block Market: The heartbeat of GK II is the M‑Block market—an area known for its indulgent sweet shops, cafes, boutique stores, and parlors. Even late in the evening, you’ll find families and young professionals grabbing a quick bite or shopping for groceries.
- Proximity to Key Hubs: Travelling to South Extension, Lajpat Nagar, or Saket is just a 10–15 minute drive (traffic permitting). This side of Delhi has long benefited from easy access to major employment hubs like Nehru Place, Okhla, and even Gurgaon via the nearby Indira Gandhi International (IGI) Airport .
Despite being only 2 km away from GK I’s buyer frenzy, GK II often slips under potential buyers’ radar—hence its “underrated” tag.
2. Connectivity & Transport
For many Delhi homebuyers, connectivity is top of mind. GK II checks most boxes:
- Metro Access: The Kailash Colony Metro station (Violet Line) lies just a 5‑minute walk from M‑Block Market, linking GK II to Central Delhi (Kashmere Gate, Mandi House) and further south (Faridabad) .
- Outer Ring Road: With on‑ramps at either end of GK II (M‑Block and Neeti Bagh), drivers can reach Noida, Gurgaon, or NH‑8 quickly. During non‑peak hours, the drive to Saket or Lajpat Nagar takes under 10 minutes .
- Bus & Auto Services: Public buses and shared autos run frequently along Traffic/Embassy Road, making short hops into CR Park, C‑Block GK I, or Kalkaji Temple easy for daily needs.
- Pedestrian Friendliness: Unlike many South Delhi colonies, recent efforts have widened certain pavements—especially near M‑Block—encouraging more walking and reducing reliance on vehicles .
In comparison, the labyrinthine alleys of GK I can become claustrophobic during rush hour. GK II’s broader roads and proximity to major arteries give residents an edge, particularly if you commute for work.
3. Market Trends & Price Comparison
3.1 Property Rates in GK II (May 2025)
- Builder Floors: ₹9,750 – ₹38,150 per sq ft .
- Flats/Apartments: Starting at ₹13,611 per sq ft, averaging ₹25,471 per sq ft; highest listed at ₹38,000 per sq ft .
- Overall Sale Prices: Typical listings range from ₹2.19 Cr (small 2‑BHK) up to ₹32.60 Cr (large penthouse) .
3.2 Comparison with GK I
- GK I Rates: ₹22,222 – ₹41,500 per sq ft (average ₹30,556 per sq ft) .
- Affordability Gap: On average, a 1,000 sq ft builder floor costs ₹2.54 Cr in GK II vs. ₹3.05 Cr in GK I—a difference of roughly ₹50 Lakh to ₹60 Lakh on comparable units.
How This Gap Impacts Buyers
- Family Buyers: A 2,000 sq ft builder floor in GK II can cost ₹5 Cr, whereas in GK I, the same size might easily hit ₹6–6.5 Cr. For families looking to upgrade from a 3 BHK to a 4 BHK, that ₹1 Cr savings can mean an extra room or a private parking spot.
- Investors: Rental yields in GK II hover around 2.5–3% annually—mildly lower than GK I’s 3–3.5%, but still strong given the lower capital outlay. For a ₹5 Cr investment, GK II tenants pay roughly ₹1.1 Lakh per month, whereas a similar GK I unit might rent at ₹1.3 Lakh per month .
4. Lifestyle & Amenities
4.1 M‑Block Market & Local Hangouts
- M‑Block Market: Countless eateries, salons, boutiques, and daily essentials stores line the main lane. Popular spots include Haldiram’s, Big Yellow Door (BYD) café, and Parikrama—the only circular restaurant in Delhi.
- Weekend Leisure: A short stroll east brings you to Neeti Bagh’s tree‑lined streets and the sprawling Sunder Nursery, a heritage park that’s perfect for morning walks or family picnics
4.2 Education & Healthcare
- Schools Nearby: GK II families typically send kids to Salwan Public School, Manav Sthali, and Oxford Senior Secondary School—all within a 3 km radius. Several preschools and international play‑schools have also popped up near M‑Block.
- Hospitals & Clinics: Max Super Specialty Hospital (South Extension) is just a 10‑minute drive, while Indian Spinal Injuries Centre (Panchsheel Park) and Fortis Escorts Heart Institute (Okhla Road) lie within 20 minutes. Numerous neighborhood clinics provide basic healthcare on demand .
4.3 Nearby Green Spaces
- Neeti Baghd: A small yet verdant enclave offering joggers’ tracks and children’s play area.
- Sunder Nursery: A refurbished 19th‑century heritage garden featuring Mughal‑era monuments, water channels, and open lawns—ideal for weekend family outings.
- Kalkaji Mandir Grounds: While primarily a temple complex, its adjacent grounds offer pockets of calm amid the city hustle.
5. Pros & Cons: Why GK II Remains Underrated
5.1 Pros
- Better Value for Money: On a per‐sq ft basis, GK II is 15–20% cheaper than GK I despite similar amenities and prestige .
- Less Congested Roads: Wider lanes and multiple entry/exit points reduce bottlenecks compared to GK I’s narrow streets.
- Growing Retail Scene: While GK I’s M‑ and N‑Block remain iconic, GK II’s M‑Block market is catching up fast—new cafés and artisanal bakeries open monthly.
- Strong Rental Demand: Proximity to university campuses (Jamia Millia Islamia, Jamia Hamdard) and corporate zones (Nehru Place, Okhla) drives steady demand from students and young professionals.
5.2 Cons
- Older Infrastructure: Many builder floors in GK II were constructed in the late 1980s to 1990s—some units need refurbishment, whereas GK I has seen more new launches in recent years.
- Parking Constraints: While GK II’s roads are wider than GK I’s, visitor parking during festivals or weekends can become tight.
- Market Perception: Many homebuyers still view GK I as “the address” in South Delhi, so GK II homes can feel overshadowed during resale negotiations.
- Limited High‑End Projects: Unlike GK I, which regularly sees luxury high‐rise launches, GK II has fewer ongoing high‐end projects—most inventory comprises builder floors or mid‐rise apartments .
In short, GK II’s greatest strength is also its weakness: strong value attracts practical buyers, but those seeking ultra‑luxury high‑rise living will gravitate toward GK I or neighboring South Extension.
6. Recent Developments & Investor Interest
6.1 RERA‑Approved Projects
Over the past 12 months, several RERA‑approved projects have launched in GK II’s catchment (particularly around Kalkaji and CR Park). These include boutique builder floors with modern amenities—elevators, basement parking, and small gyms—that directly target younger families and professionals .
6.2 Growing Co‑Living Demand
While GK II doesn’t officially host large co‑living providers, many old houses and low‑rise apartments have been converted into shared flats (PGs or flat‐shares) for Jamia and Jamia Hamdard students. This micro‑trend has nudged rents upward by 5–8% over the last year, attracting more investors to small 1–2 BHK units .
6.3 Commercial & Co‑Working Spaces
Smaller co‑working hubs (e.g., weekdays working out of M‑Block cafés or the “WorkStreet” center near Neeti Bagh) cater to startups and freelancers. Though not as abundant as in Saket or Okhla, this infusion of daytime activity ensures foot traffic at coffee shops and eateries remains healthy.
6.4 Infrastructure Upgrades
Delhi Development Authority (DDA) has recently widened a 200 meter stretch of the main M‑Block road toward the Kailash Colony underpass to ease peak‐hour jams. Additionally, several pedestrian footbridges overbusy lanes are under construction, improving safety for schoolchildren and seniors.
7. Who Should Consider GK II?
7.1 Young Families
For parents seeking proximity to good schools (Salwan, Manav Sthali) but who can’t stretch to GK I’s ₹8 Cr 3 BHKs, GK II offers a 3 BHK builder floor for around ₹5 Cr—plus the same South Delhi address and lifestyle .
7.2 Working Professionals
Professionals at Nehru Place, Jamia campuses, and the Okhla industrial belt can enjoy a 15‑minute commute from GK II—often shorter than from GK I, which suffers heavier traffic .
7.3 Investors Seeking Value
With yields of ~2.8% and appreciation of 8–10% annually, GK II remains a strong play for mid‑to‑long‑term investors. The relative affordability also means entry‐level stakes are 25–30% lower than in GK I.
7.4 Retirees & Empty Nesters
Couples downsizing from 5 BHKs in Gurgaon or Dwarka can find a comfortable 2 BHK builder floor in GK II for ₹1.5–₹2 Cr, near greenery (Neeti Bagh) and good healthcare (Max South Extension).
8. Side‑by‑Side Comparison: GK I vs. GK II
9. Why GK II Deserves More Attention
- Value for Money: You get 80–85% of GK I’s vibe—schools, hospitals, markets—for 75–80% of the price .
- Growing Infrastructure: Metro improvements and road widening are underway, closing the convenience gap with GK I .
- Underexploited by Developers: Most new launches favor GK I or neighboring South Extension; GK II rarely sees fully “branded” projects, keeping competition—and prices—lower. That’s changing slowly as more RERA projects emerge .
- Future Demand Spike: As living costs rise in GK I (₹41,500 per sq ft at peak), aspirational buyers will naturally shift to GK II. Expect a 5–7% bump in property appreciation over the next 12–18 months .
Simply put, GK II is the “bargain luxury” destination in South Delhi. For families, professionals, or investors unwilling to pay a ₹1 Cr premium for GK I’s name, GK II checks almost every box.
10. Potential Challenges & How to Mitigate Them
10.1 Limited Branded High‑Rise Options
Challenge: If you want a sky‑high view and a fully managed apartment complex (YMCA, fitness center, clubhouse), options in GK II are limited.
Mitigation: Look for premium builder floors in M‑Block’s newer pockets—many come with private elevators, backup generators, and small gyms. Developers like Salcon Homes and Vaaru are launching mid‑rise options in Kalkaji Extension .
10.2 Seasonal Parking Crunch
Challenge: Festivals like Janmashtami or Diwali bring crowds to the M‑Block market, making street parking scarce.
Mitigation: Arrive early (before 6 pm) or use nearby multi‑level parking at CR Park club. Some builder floors now offer paid community parking several blocks away.
10.3 Perception Gap vs. GK I
Challenge: Sellers often undervalue GK II properties because many buyers equate “Greater Kailash” only with GK I.
Mitigation: Work with a respected broker who can highlight live data—rental yields, comparable transactions, and new project rates—to back your offer. A transparent, data‑driven pitch can often secure a 5–8% discount off current asking prices .
11. Getting the Best Deal in GK II
- Timing Is Key: Historically, February–April sees a slight dip in asks—buyers who close in March can often save 3–5% compared to peak Nov–Dec prices.
- Negotiate on Condition: Since many builder floors are pre‑1995, negotiate a further ₹500–1,000 per sq ft discount if the unit needs renovation (bathrooms, plumbing, flooring).
- Use Local Brokers: Agents specializing in GK II (e.g., Dinesh Jagwani Associates near M‑Block or Housewise Realty) often have off‑market listings—sometimes at 5% below portal rates .
- Check RERA Listings: For new or under‑construction projects, confirm RERA status (GGMHERA P010000 00002). Buying directly from the developer can save 2–3% on brokerage.
12. Future Outlook
- Upcoming Metro Corridors: The proposed expansion of the Pink and Magenta Lines will further reduce travel time to IGI Airport and Rohini, indirectly boosting GK II demand .
- New Retail Malls Nearby: A boutique mall is slated for CR Park’s northern edge by late 2025, promising upscale dining and retail—a direct advantage for GK II residents .
- Revamped Heritage Spaces: Efforts to restore adjacent Jama Masjid heritage zones may extend improved public realms near GK II (Karampura, Lodhi Garden’s eastern edge) by early 2026, raising property values .
All signs point to GK II shedding its “underrated” label in favor of becoming one of South Delhi’s most sought‑after addresses.
Conclusion
Greater Kailash Phase 2 may not yet carry GK I’s glamour, but it offers nearly identical infrastructure, connectivity, and lifestyle—at a noticeably lower price point. As more developers launch mid‑rise, RERA‐compliant projects and the demand from young professionals and families increases, GK II is poised to shine. If you’re looking for South Delhi living that checks every box without the excessive price tag, now is the time to explore GK II before the market fully catches on.
Whether you’re upsizing, downsizing, or simply seeking a strategic investment, Greater Kailash II deserves a spot at the top of your shortlist.