Sunday January 21, 2018
Home Business E-auction of ...

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

0
//
216
Republish
Reprint

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.)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

10 lesser known facts about Kriti Sanon’s life

Kriti Sanon is not just a pretty face. She is very intelligent and has completed her B.Tech from Jaypee Institute of Information Technology in Uttar Pradesh.

0
//
28
Kriti Sanon is a relatively new actress who has proved her mettle in just a span of few movies. Wikimedia Commons
Kriti Sanon is a relatively new actress who has proved her mettle in just a span of few movies. Wikimedia Commons
  • Kriti Sanon is a well-known name in Bollywood. She is one of the most talented and beautiful new generation Bollywood actresses.
  • Kriti has worked in many famous movies like Heropanti, Bareilly ki Barfi and Dilwale.
  • This 5”8′ inches tall actress has been winning hearts and awards since her debut in the film industry.

The ‘Bareilly ki Barfi’ fame actress, Kriti Sanon is an actress and model, born and brought up in Delhi. She is among one of the most beautiful new generation actresses and has proved her mettle in the film industry in a very short span of time.

Kriti Sanon has made a name for herself in Bollywood in a really short span of time. Instagram.
Kriti Sanon has made a name for herself in Bollywood in a really short span of time. Instagram

Not only is she gorgeous, but she is also very talented. Her acting skills have been appreciated by both audiences and critics. This Delhi girl has been winning hearts since her Bollywood debut in, ‘Heropanti.’ Here are 10 facts about Kriti Sanon’s life which you may now know:

Her first movie wasn’t Heropanti.

Most of us think that Kriti Sanon’s first movie was Heropanti, but this is certainly not true. Before debuting in Bollywood, Sanon had already made a name for herself in the Telugu film industry. She worked in the Telugu thriller name ‘Nenok Kadine,‘ opposite the superstar Mahesh Babu. Her performance was well received by the audience there.

Kriti Sanon debut in the film industry was a Telugu movie opposite Mahesh Babu. IANS
Kriti Sanon debut in the film industry was a Telugu movie opposite Mahesh Babu. IANS

She is a beauty with brains.

Kriti Sanon is not just a pretty face. She is very intelligent and has completed her B.Tech in Electronics and Communication from well known Jaypee Institute of Information Technology in Uttar Pradesh. So yes, if she wouldn’t have been an actress, she would’ve had a lucrative career as an engineer.

She came from a highly educated family.

Intelligence seems to be in her genes. Her father is a Chartered Accountant and her mother teaches at the University of Delhi. She is the elder daughter and has a younger sister, Nupur who is inclined towards music.

Kriti comes from a highly educated family. Wikimedia Commons
Kriti comes from a highly educated family. Wikimedia Commons

Kriti has a sweet tooth.

Kriti Sanon has a stunning figure, which obviously needs lots of maintaining. However, that doesn’t stop the ‘Bareilly ki Barfi’ actress from indulging in deserts. She loves to have everything sweet whether it is chocolates or ‘Gajar Ha Halwa’, she loves them all equally.

She is a Salman Khan fan.

But well then, who isn’t? Kriti Sanon is a huge Salman Khan fan and has claimed to have watched all his movies multiple times.

Salman Khan is Kriti Sonan's favourite actor. Wikimedia Commons
Salman Khan is Kriti Sonan’s favourite actor. Wikimedia Commons

Acting is not her only interest.

Kriti is a true performer. Apart from acting, she loves to dance in her free time. She is a trained Kathak dancer. She also loves to travel and Goa is her favourite holiday destination. Apart from that, she loves to cook. This intellectual beauty is also a huge fan of reading and writing poetry.

Kriti Sanon loves to read and write poetry. Wikimedia Commons
Kriti Sanon loves to read and write poetry. Wikimedia Commons

Her idols are ideal.

Kriti Sanon’s favourite actresses are Kajol and legendary Rekha. She counts them among her idols. Kriti had a chance of working with Kajol in the movie ‘Dilwale,’ which definitely would’ve been a dream come true for her.

She loves perfumes.

Kriti loves perfumes and has admitted of her wardrobe is full of them. Her favourite perfume brand is said to be Davidoff’s Coolwater.

She is not a girly girl.

She may look beautifully fragile, but this actress is tougher than you think. She is a big fan of boxing and loves practising it, it is her favourite sport. She also loves to ride cars and bikes, whenever she gets free time.

Kriti is more of a tomboy and loves boxing. Wikimedia Commons
Kriti is more of a tomboy and loves boxing. Wikimedia Commons

Her favourite season is Monsoon.

Kriti Sanon loves the season of monsoon. One of her favourite things to do is to sit near her window comfortably and enjoy the rain outside. Now, that’s something we all love to do.