DDA ready to auction 38 residential plots

Date : Feb 14, 2013

New Delhi: The Delhi Development Authority has announced auction of 38 residential plots on freehold basis. The auction is expected to take place next month. The plots are located mainly in Rohini, Yamuna Vihar, Zafarabad and Vikaspuri . The reserve price of the corner plots, and those near roads that are 24 metres or above, is 10 per cent higher than other plots.

The sale of the brochure will start from February 14. “The auction will take place on March 13, 14 and 15 at Vikas Sadan near INA Market. The plots vary in sizes. The largest plots are 200 sqm and are located in Rohini, Sector-18, pocket-H3. The reserve price of the corner plots in this area is

Rs 7.48 crore, which makes these plots the most expensive,’’ a DDA official said.

The smaller plots in Rohini , measuring 31.69 sqm, have a reserve price of around Rs 63 lakh. A total of 23 plots are up for auction in Rohini. One corner plot, C-136, is in Vikaspuri. The size of the plot is 160 sqm and its reserve price is Rs 6 crore

In Zafarabad, two plots of 140 sqm each have a reserve price of around Rs 2 crore — both are corner plots. “In areas such as Pitampura, Paschim Vihar, Vivek Vihar Phase-II and Dwarka, single plots are up for auction,’’ an official said.

According to the land agency, the terms and conditions of the auction and details of plots can be obtained on February 14, on payment of Rs 525 for the brochure. “If there is a tree on the plot, it would be the responsibility of the purchaser,’’ the official said.

Anyone can participate in the auction, including public sector banks, NRIs and persons of Indian origin.

source: http://www.financialexpress.com/news/dda-ready-to-auction-38-residential-plots/1072354/1