110 Village flats to be auctioned on May 21https://indianexpress.com/article/cities/delhi/110-village-flats-to-be-auctioned-on-may-21/

110 Village flats to be auctioned on May 21

For all those who wanted to buy a flat in the Commonwealth Games Village,here’s the chance.

For all those who wanted to buy a flat in the Commonwealth Games Village,here’s the chance. The Delhi Development Authority (DDA) is going to sell tender documents for auction of its two,three,four and five-bedroom flats from April 26 to May 21. They will first auction 110 units to ascertain the market rates for these flats. The reserve price has been kept at around Rs 16,500 per sq ft.

The DDA has around 711 flats with them. “The sale of these documents will take place at Vikas Sadan,INA. While we will receive the documents till 3 pm on May 21,the tenders will be opened by 3.30 pm the same day. Any person who has attained the age of majority can apply. The applicant must not,however,own any residential flat or plot in full or in part on leasehold or freehold basis in the urban areas in Delhi in his/her own name or in the name of their spouses or in the name of minor or dependent children,’’ said DDA spokesperson Neemo Dhar. The tender document can be purchased after paying Rs 1,050.

The flats up for auction are located in Towers 1,4 and 9 and are two to five bedroom apartments varying in size from 1,443 sq ft to 3,405 sq ft. The land agency is planning to give fully-furnished flats.

“We are thinking of selling these flats along with the furniture that was put in during the Commonwealth Games,2010,’’ said a DDA official. Flat buyers will have to pay extra for parking space.


Central and state governments and their subordinate departments as well as public sector undertakings can also apply. “They can apply for as many flats at they want but in separate tender documents,’’ said the official. NRIs or foreign nationals of Indian origin may also apply. But an individual can submit one tender only.

The Commonwealth Games Village is spread over 27 acres and comprises 34 towers. The developer,Emaar MGF,has already sold its share of 457 flats and several owners have already started taking possession of their flats except for those who own flats in Towers 5 and 15 as the issue of extra floor-area ratio is yet to be decided by the MCD tribunal.

According to sources,Emaar sold its flats at a price ranging from 11,000 to 13,000 per sq ft. The furniture from these flats is being removed by DDA presently,said officials.

“An individual will have to submit an affidavit,letter of intent and application,earnest money deposit,photographs and copy of PAN card. NRIs will have to give copy of individual passport besides other documents. Once the bids are accepted,a communication shall be sent to the successful bidder and the second stage of earnest money deposit will have to submitted within 30 days. A demand-cum-allotment letter will be issued and the allottee will then have to deposit balance premium before getting possession of the flat,” the official said.