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

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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.)

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This is What The Song “Bol Re Dilli Bol” Reverberates

The song Bol Re Dilli Bol is a fraction of the nearing Documentary series~ "Transparency: Pardarshita"

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"Bol Re Dilli Bol" is a manful song sung by famous bollywood singer Kailash Kher and is Produced by Dr. Munish Raizada who has himself been a part of AAP. The beguiling lyrics of the song has been written by Mr. Annu Rizvi and composed by Pravesh Mallick. Twitter

By Kashish Rai

 Before starting this article on the Song, let us start with a brief story~ Nearly 8 Years ago, a new political party called the “AAM AADMI PARTY” (AAP) traced its genesis out of India Against Corruption Movement (Popularly known as Anna Andolan) in the National Capital of Delhi with a promise of bringing change in the political system and proving an auxiliary politics based on Financial Transparency, Internal Vigilance and Decentralisation of Power.

 Then, because of these delectable promises, the citizens of Delhi Trusted the Party~ but gradually when this party (AAP) came into power, it demolished their fundamentals which eventually  lead to the carnage of the trust of Thousands of people who inevitably dreamt of a Corruption free India.

Still, the AAP has lead no stone unturned to bamboozle the citizens of Delhi by every means. Now at this very time, the song “Bol Re Dilli Bol” has made a headway as a fervour that has called attention to Political Corruption and all the counterfeits of Aam Aadmi Party in Delhi.

You can listen the song Here~

  • What is The idea Behind “Bol Re Dilli Bol”

 The song Bol Re Dilli Bol is a fraction of the nearing Documentary series~ “Transparency: Pardarshita”. It is a manful song sung by famous bollywood singer Kailash Kher and is Produced by Dr. Munish Raizada who has himself been a part of AAP. The beguiling lyrics of the song has been written by Mr. Annu Rizvi and composed by Pravesh Mallick.

This song has not been composed due to propaganda purpose but it reflects the sole contemplation of the discomposure of the Party’s Core Volunteers altogether who gave their everything to make India Corruption Free.

Dr. Munish Raizada through his documentary and this song has tried to call attention of all the people of Delhi to see the actuality and ascertain the counterfeits of Aam Aadmi Party~ Be it Political Funding, Fiddle Promises, Lack of Civic System and Amenities etc.

  • Why You Should See “Bol Re Dilli Bol” As The Song Of Every “Common Man”

 The Aam Aadmi Party has always deluded people with its “Common Man” propaganda but trenchantly, it has itself been a cause for putting many traps for the common man in every way. The song “Bol Re Dilli Bol” delineates the sentiment of every common man who stands hoodwinked by the fallacious principles of Aam Aadmi Party.

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The song Bol Re Dilli Bol is a fraction of the nearing Documentary series~ “Transparency: Pardarshita”. Twitter

Just as the title of the Documentary, the song highlights all the plaintive issues engendered by AAP with utmost “Transparency”.

ALSO READ: More Than 1 Billion Android Devices Vulnerable to Hackers: Report

This song is not just a piece of Music based on a peculiar theme, but it is the celebration of truth, candour and certitude that comes straight from the heart of every upright citizen. It calls on all the citizens of the capital to raise their voice against the deliberate injustice and subversions of Aam Aadmi Party.