DDA sells 12 of 14 Dwarka penthouses in Delhi via e-auction

dda sells 12 of 14 dwarka penthouses in delhi via e-auction

The gated society, constructed at a cost of ₹700 crore, comprises of 11 towers with 1,130 flats, and each flat is guaranteed two parking spaces in the basement.

The Delhi Development Authority (DDA) on Thursday announced that it has sold 12 of the 14 penthouses in Dwarka that it offered for sale via e-auction. The 14 penthouses come with a hefty reserve price of ₹5 crore — the highest price at which DDA has launched any residential property in the city, officials said.

These penthouses are part of what DDA is billing as a luxury society at Dwarka Sector 19B — around 13km from the Indira Gandhi International (IGI) airport — which also includes 170 Super HIG flats (reserve price of ₹2.5 crore), and 946 HIG flats (reserve price of ₹1.4 crore).

The gated society, constructed at a cost of ₹700 crore, comprises of 11 towers with 1,130 flats, and each flat is guaranteed two parking spaces in the basement. The society also has four additional towers with 728 EWS flats, that will be allotted later.

DDA officials said that of the 1,130 flats in the society, 1,005 were sold during the first round of e-auction on February 16 — while Super HIG flats are completely sold out, two penthouses and 123 HIG flats remain unsold, which will be up on offer during the next e-auction on March 5.

“During the auction on February 16, the lowest price that a penthouse was sold for was ₹5.2 crore, while the highest was ₹6.36 crore. On average, the price was ₹5.5 crore. Similarly, the response was very good for the Super HIG flats,” said a DDA official, on condition of anonymity.

The official said that the society’s locational advantage — it has good connectivity and overlooks an upcoming golf course — helped in most flats getting auctioned in the first go.

“This time, the earnest money to be deposited ahead of the e-auction was kept at ₹25 lakh for the penthouses. Also, people had to select and could bid for only the exact flat that they wanted to buy. These steps helped ensure that only the serious and interested buyers applied for the flats,” the official said.

The e-auction on March 5 will also include 132 MIG flats in Dwarka Sector 14, the official said, adding that these 2BHK flats have a reserve price of ₹1 crore.

Read more news like this on HindustanTimes.com

News Related

OTHER NEWS

Guru Nanak Jayanti: Rishi Sunak Highlights Punjabi Heritage In Message, Trudeau Extends Greetings

In a greeting from 10 Downing Street on the occasion of Guru Nanak Jayanti, British Prime Minister Rishi Sunak mentioned his Punjabi Indian origin, news agency PTI reported. The 43-year-old ... Read more »

What US easing sanctions on Venezuela, home to world’s largest oil reserves, could mean for India

This report is the second of a three-part series on recent Indian engagement in the Latin American and Caribbean (LAC) region. New Delhi: The US’ decision last month to ease ... Read more »

Rajshri Deshpande dedicates OTT award to innocent lives lost in Gaza, Palestine

Rajshri Deshpande dedicates OTT award to innocent lives lost in Gaza, Palestine Actor and social worker Rajshri Deshpande won the Best Actor, Series (Female) award for Netflix’s ‘Trial By Fire’. ... Read more »

‘Ramchandra Keh Gaye…’: From Jan 1, RSS to Spread Word of God, Ayodhya Inauguration Among 10 Crore People

‘Ramchandra Keh Gaye…’: From Jan 1, RSS to Spread Word of God, Ayodhya Inauguration Among 10 Crore People In its effort to take the Ram Janmabhoomi message to households across ... Read more »

Ace designer Rohit Bal critical, on ventilator: report

Ace designer Rohit Bal critical, on ventilator: report Celebrated fashion designer Rohit Bal is in critical condition and is on ventilator support, HT City reported, quoting sources. He has been ... Read more »

Bengaluru: Traffic Advisory Issued, Parking Restrictions In Place As Samyukta Horata Samiti Holds Protest | Details

Bengaluru: Traffic Advisory Issued, Parking Restrictions In Place As Samyukta Horata Samiti Holds Protest | Details The Bengaluru Traffic Police has issued a traffic advisory for November 27 and 28 ... Read more »

Vistara Flights Diverted Due To Air Congestion At Delhi Airport | DETAILS

vistara flights diverted due to air congestion at delhi airport | details Delhi: Two Vistara flight has been diverted to Lucknow and Jaipur due to bad weather and air congestion ... Read more »
Top List in the World