Akhil Wable, co-founder of DataforIndia, has purchased a property in Delhi’s upscale Vasant Vihar for Rs 1.13 billion. The 1,280-square yard plot was acquired from Eleannt Enterprises, with the deal registered on 25 June 2025, according to official sale deed records.DataforIndia is a public platform that aims to expand understanding of India through accessible, research-backed data and visual insights on socio-economic issues.Eleannt Enterprises had itself bought the same Vasant Vihar plot earlier this year for Rs 950 million, highlighting the locality’s robust demand and limited land availability. Developers are particularly drawn to such plots for luxury, multi-storey residential projects.Emails have been sent to both Wable and Lokesh Goyal of Eleannt Enterprises; this story will be updated upon receiving their responses.Rohit Chopra of SouthDelhiPrime.com said the site is suitable for both residential and limited commercial use, given its proximity to Vasant Lok Market and the Vasant Vihar Metro Station.“The average land price in Vasant Vihar ranges between Rs 9–11 lakh per square yard. This deal, at approximately Rs 9 lakh per square yard, reflects a value-driven, strategic acquisition,” Chopra said.A Growing Trend in South Delhi LuxuryIn April, Vineet Kapur, founder of skincare brand O3 Plus, and his wife Sonia Kapur, purchased a bungalow in Vasant Vihar for Rs 720 million. The 800-square yard property features two floors and a built-up area of 6,160 sq ft. They paid Rs 18 million in stamp duty.These deals reflect a broader trend in South Delhi’s luxury real estate market, which is attracting growing interest from startup founders, industrialists, and business leaders. Once dominated by legacy families, neighbourhoods like Vasant Vihar are now seeing demand from new end-users seeking privacy, space, and independent living.Experts attribute the rise in valuations to the scarcity of large residential plots. However, Vasant Vihar continues to balance supply with demand through selective redevelopment. Older bungalows are being converted into low-rise apartment buildings, adding new inventory while preserving the area’s exclusivity.Vasant Vihar is among South Delhi’s largest colonies, comprising over 1,500 plots with diverse pricing across its many blocks. Its connectivity, presence of over 10 schools, and adjacency to two urban villages contribute to its appeal. As Chopra notes, “It’s much like Greater Kailash II or Safdarjung Enclave, where prices vary sharply depending on micro-location within the colony.”