Delhi Development Authority DDA to auction prime hotel plots in capital
The largest plot, 29,889 sq.m. in area and at a reseve price of Rs. 723 crore is in Sector 14, North Dwarka City Centre. Other plots available are in Shalimar Bagh, Sector 10 & 13 Dwarka Centre, Sector 14, South Dwarka Centre, Paschim Vihar, Rohini and Shahdra.
The highest bidder has to deposit 25% of the bid offered at the time of the auction, and the balance 75% within 90 days.
The auction is expected to generate a lot of interest, particularly with an increased number of hotels being planned in the city in the run-up to the Commonwealth Games.
The Delhi Development Authority website has further information on the auction. This can be found on the link below:
Public Notice for auction of prime plots on freehold basis for constructions of hotels in Delhi
See other DDA related stories on INRnews.com:
Delhi Development Authority announces DDA Housing Scheme 2006 - apply now!
By INRnews Correspondent
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