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CWG flats out of reach for most

delhi Updated: May 22, 2012 01:38 IST
HT Correspondent
HT Correspondent
Hindustan Times

If you missed the chance to buy a flat in the Delhi Development Authority’s (DDA) auction of CWG Village flats on Monday, there is little chance that you will get an apartment in that complex now.

While the bidding of 110 flats auctioned by DDA were open to both individuals and PSUs, the remaining 600 flats owned by the DDA will now only be sold to government departments, said Asma Manzar, Commissioner (Land Disposal), DDA.

With 218 bids for 87 flats in the total 110 that DDA had put on block, the response in numbers was not as high as DDA had expected but the prices it received more than made up for it.

The highest bid was of Rs. 7.31 crore for a five-bedroom flat in tower 14, 40 per cent higher than the base price. Overall, the DDA earned 25 per cent more than the fixed prices for the flats. The lowest winning bid was Rs. 3.31 crore for a two-bedroom flat.

The largest number of bids had come for tower 1 —130 for 42 flats — due to its proximity to the entry point and the closer view of the nearby Akshardham Temple.

Though the auction was open to everyone, banks and PSUs lapped up the lion’s share with SBI leading with 32 flats, most of them in tower 1. “We would use the flats to house our top executives. We have been looking for such a suitable place since long,” said Umesh Goyal, Assistant General Manager, SBI.

“Though most flats were bought by banks and PSUs, I don’t mind having their officials as neighbours,” said Sanjeev Dangi, a businessman from Jaipur who bought a three-bedroom flat.