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E-auction of 152 CWG flats: How NRIs can buy a premium living space in Delhi

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By Tripti Rai

The PIOs and NRIs searching for premium living spaces in Delhi now have a reason to applaud. Delhi Development Authority (DDA) with its plans to publicly sell around 152 ready to move-in flats in the CWG Village in June, 2015 has given the buyers something to look forward to.

The announcement for the online auction noticeably mentions that the bids have been invited from PSUs, firms, PIOs, and, NRIs in addition to the individuals. Interested people can visit the DDA’s e-auction portal: www.auctionwizard.in/DDA from 25th May, 2015.

DDA has estimated a reservation cost of Rs 7 crore for every 3 BHK flat. Yet, seeing the demand for a property in the New Delhi and National Capital region, the closing price can be expected to be well above the reservation cost, as suggested by the real estate experts.

The 152 ready to move in flats are 3BHK units and have a base area of approximately 3,000 sq ft. The present value of flats varies in the range of Rs 18,000 and Rs 23,000 PSF. According to Balvinder Kumar, the vice chairman of DDA, base price of the flats is estimated at Rs 3, 15,320 sq. m. The reasons like amenities, location advantage, and, large BUA are certainly going to attract the niche buyers searching for the high-end housing segment in the city.

Remarking about the price of property and buyers’ curiosity on the DDA online auction, Aman Nagar, Director of Paras Buildtech says that because of the prime location and the luxury factor linked with the flats, the price range set by DDA is right.

The total earning for DDA from the sale is expected to be over Rs 1,000 crore.

While this auction was deliberated some years back itself, Delhi Government’s plea in 2012 to occupy 60 flats for its official housing pool had postponed the plans earlier.

In the year 2009, DDA spent approximately Rs 11,000 PSF to develop the CWG flats. Out of all, 74 of these units were sold at a rate of Rs 22,000 PSF in the last auction that was held in 2012. The intention of DDA then was just to inspect if or not the auction receives a favorable response at all. The other lesser told purpose was to get clear of the inventory. At that time, the highest bid that DDA received then was of Rs 7.32 crore at a rate of approximately Rs 24,137 PSF.

But with the announcement of selling the 152 premium flats, the government has surely given a reason to the city’s property seekers to rejoice.

The formal advertisement of the auction is probably going to be aired from next week, giving the interested bidders enough time to index themselves for the event. The authority expects to close the sale by last week of June.

(Tripti is a writer for 99 acres.com. Her articles talk about new developments in the real estate industry. She is an avid reader and a keen observer.)

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Now The Delhi Government Comes Up With The Food Wastage Check Policy At Social Gatherings

"If the food is surplus due to lower turnout of the guest and resultant less consumption, then it shall be the responsibility of organiser of the social function to remove that food from the social function site, immediately after the completion of the duration of that social function," it says.

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food wastage
"Further, officers of respective ULB will conduct random or complaint-based inspection. The violations would be noted with proofs by the inspecting officers without the disrupting the function. In the event of violation of any of the conditions, the penalty would be imposed against violators under specific act/rules/orders." Pixabay

The Delhi government has drafted a policy to keep a check on the wastage of food at social functions in the national capital.

All organisers and caterers will have to register themselves with NGOs to manage the surplus and leftover food for distribution among the underprivileged, says the draft policy.

“The caterer should make proper arrangements to handover fresh surplus and leftover food to these NGOs,” reads the Draft ‘Policy for Holding Social Functions in Hotels, Motels and Low-Density Residential Area (LDRA) in National Capital Territory of Delhi’.

According to the draft policy, the owner, organiser, and the caterer must have the necessary permissions including FSSAI license from Delhi’s Department of Food Safety, Ministry of Health and Family Welfare to run their kitchens or to sell or serve prepared food for the guest and the consumer.

“They should be registered with some NGO to manage surplus/leftover food by distributing the same among underprivileged. The caterer should make proper arrangements to handover fresh surplus and leftover food to these NGOs.

The food preparation should be according to the ceiling of the number of guests as per prescribed capacity of the motel and LDRA. The number of guests cannot exceed the guest limit approved by the Urban Local Body (ULB) for that function site, it says.

“If the food is surplus due to lower turnout of the guest and resultant less consumption, then it shall be the responsibility of organiser of the social function to remove that food from the social function site, immediately after the completion of the duration of that social function,” it says.

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According to the draft policy, the owner, organiser, and the caterer must have the necessary permissions including FSSAI license from Delhi’s Department of Food Safety, Ministry of Health and Family Welfare to run their kitchens or to sell or serve prepared food for the guest and the consumer. Pixabay

The Commissioner Food Safety shall ensure that the above conditions are strictly followed; any violation thereof would invite action from the deployed officers by the Commissioner Food Safety, the draft policy reads.

The rules will be enforced by periodical inspections, which shall be conducted by officers of various state stakeholder agencies.

“Further, officers of respective ULB will conduct random or complaint-based inspection. The violations would be noted with proofs by the inspecting officers without the disrupting the function. In the event of violation of any of the conditions, the penalty would be imposed against violators under specific act/rules/orders.”

“The capacity of the space should be determined by multiplying the total number of car parking available by four or by means the number of persons obtained by dividing the gross floor area of the premises by occupant load factor at 1.5 sqm, whichever is less,” says the document.

It said adding that the total number of days on which a social function can be organised are restricted to 120 days in authorized/approved spaces.

food wastage
The food preparation should be according to the ceiling of the number of guests as per prescribed capacity of the motel and LDRA. The number of guests cannot exceed the guest limit approved by the Urban Local Body (ULB) for that function site, it says.
Pixabay

The draft also said that motels and LDRA should be constructed as per sanctioned building plan.
“Minimum area of LDRA must be equals or more than 2.5 acres. Only such Motel and LDRA houses should be permitted to hold social functions which have proper access to the road from a main road (60 ft wide or more) and the LDRA should not be located at a road which ends in a dead end,” it said.

According to an official from the government, the decision to formulate a comprehensive policy regulating social functions was taken after the direction of the Supreme Court.

“Further, in view of Motel Policy of Ministry of Tourism 1995, policy for holding social functions in Farmhouses of Government of NCT of Delhi, Master Plan 2021(MPD 2021), amendments in MPD-2021 notified in 2013, a comprehensive policy was required to be drafted,” the official told IANS on the condition of anonymity.

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The Chief Secretary has constituted a committee of four officers, including Principal Secretaries of Urban Development and Health, Chief Executive Officer, Delhi Jal Board and Member Secretary, Delhi Pollution Control Committee, to draft the policy.

“Accordingly, the committee after consultation with all stakeholders drafted the policy keeping in mind concerns of Environment Pollution (Prevention and Control) Authority (EPCA) and Supreme Court such as stop the use of perennially installed semi-permanent pandals, nuisance of parking on outside road of the venue, safety of guests and general public, stop the misuse of scarce resources like water and stop any kind of pollution or degradation of Environment,” the official said. (IANS)