Kenneth Builders to develop super premium apartments in Delhi
While initial estimates indicated that the apartments would be priced at Rs.15,000 per sq.ft., market reports indicate that prices could be even higher at anywhere between Rs. 18,000-25,000 per sq.ft. for a 2,000 to 3,000 sq.ft. apartment. The residential development is in a prime location at South Delhi between Anand Mai Marg and Delhi-Mehrauli Road.
Pre-sales for the project should commence by the end of 2006.
Earlier this year, DLF and Indiabulls acquired the 35.8 acres of Residential Development for this project under the Public-Private Partnership model by bidding Rs. 450 crores in an open auction carried out by DDA. The Public-Private project will involve the construction of 3,500 housing units for economically weaker sections of the society with all civic amenities such as a school site, park, playground etc. This unique model will see one of the most expensive pieces of real estate in Delhi adjoining a low-cost housing development.
DLF and Indiabulls have also bought 3 out of 5 mills in Lower Parel in Mumbai in an auction by NTC. While DLF had acquired Mumbai Textile Mills for Rs 702 crores, Indiabulls had acquired Jupiter and Elphinstone Textile Mills for Rs 718 crores.
By INRnews Correspondent
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Comments
We are interested for residential appartment, so whenever your project will come in market inform us please.
Posted by: Dr O P Mehta | October 2, 2006 12:45 AM
we are intrested for resd. appt. in south delhi so please inform us whenever there is any project.
Posted by: Dr O P Mehta | October 2, 2006 02:12 AM