Monday June 17, 2019
Home Business E-auction of ...

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

0
//

CWG-Flats

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.)

Next Story

Top Delhi Surgeons Under Scanner in Connection with International Kidney Racket

The racket is spread far and wide

0
Delhi, Surgeon, Kidney Racket
The role of one more hospital of Delhi has come to light where poor people were being cheated by doctors and hospital administration through an organized chain of middlemen. Pixabay

Over a dozen leading private surgeons, including top urologists of Delhi are under the scanner of Uttar Pradesh Police in connection with a sensational international kidney transplant racket, spread across Turkey and the Middle East countries.

So far, 13 people, including CEO of Pushpawati Singhania Research Institute(PSRI) Dr. Deepak Shukla have been arrested. Two leading doctors of Fortis hospital have been served notice in the kidney racket. The investigation against another leading hospital located in central Delhi is underway and more arrests are likely to be made in the case which has sent ripples across the medical fraternity.

Talking to IANS, Senior Superintendent of Police Kanpur, Anant Deo said that the Fortis hospital has been served notice in cases relating to the violation of Transplantation of Human Organs Act.

“Besides Fortis and PSRI, the role of one more hospital of Delhi has come to light where poor people were being cheated by doctors and hospital administration through an organized chain of middlemen,” said Anant Deo, a Uttar Pradesh cadre IPS officer supervising the investigation.

Delhi, Surgeon, Kidney Racket
Over a dozen leading private surgeons, including top urologists of Delhi are under the scanner. Pixabay

According to the SSP, the police has launched a massive hunt for one Dr. Ketan Kaushik, a key accused in the case, who brought patients for kidney transplants from countries like Turkey, UAE and other places in the middle east.

“The racket is spread far and wide. Different groups were operating in different regions. As of now, we have busted one of the groups linked with Delhi-based hospitals,” Deo revealed.

The SSP said the name of Dr. Deepak Shukla was revealed by at least 10 accused involved in the case. Shukla will be confronted with accused already arrested by the police.

In fact, the racket operated like a well-organized crime syndicate. For instance, the international clientele was approached by a different set of people while local kidney donors were trapped by touts already operating in the human organs transplant racket.

The police sources said that there is enough evidence to prove that the accused removed kidneys of at least 12 donors for a huge amount of money taken from the recipients family.

After extracting the kidneys, donors were paid just Rs 2 or 3 lakhs while recipients were charged Rs 70 to Rs 80 lakhs per transplant.

During investigations, global links emerged wherein a Delhi-based doctor, Ketan Kaushik was found to be handling international clientele for the group.

Delhi, Surgeon, Kidney Racket
Two leading doctors of Fortis hospital have been served notice in the kidney racket. Pixabay

The racket which has sent shock waves amongst country’s medical professionals could see some more leading doctors being rounded up by the police in a few days time, sources added.

According to the SSP, a detailed interrogation of Dr. Shukla and other key accused is being done by a special team led by Superintendent of Police (Crime) Kanpur, Rajesh Yadav. (IANS)