On Tuesday, all 18 plots for showrooms and shops at the service centre in Dwarka’s Sector 20 (Part-II) were much in demand. A majority of the showroom plots went for Rs 12 crore to Rs 15 crore, more than double the reserve price. The highest bid was around Rs 20 lakh for an 800 square metre showroom plot. The prices at which the showroom plots were snapped up meant Rs 2 lakh to Rs 2.50 lakh per square metre. Of the 18 showroom plots, 15 were spread over 800 square metres. The reserve price was fixed in the range of Rs 7.17 crore to Rs 7.62 crore. According to sources, DDA got almost double the reserve price for the showroom spaces in Dwarka because of the prime location of the service centre. It is situated on a 60-metre wide road which makes it very accessible. Moreover, these have a larger plot area and less ground coverage which would allow buyers greater flexibility in constructing the showroom. Fourteen of the 16 plots that were auctioned on Monday were located in Dwarka.
Four plots in the proposed Dwarka city centre alone had fetched DDA Rs 625 crore. The first day’s tally of Rs 906 crore was the highest since 2003 when DDA got around Rs 1,200 crore at an auction where commercial plots in Vasant Kunj set a record. The highest bid on Monday was for an 11,690 square metre plot in sectors 13-14 where DDA proposes to develop the district centre into a linear City Centre that would be located along the metro line. Reliance subsidiary Nettle Farms had bagged it at a whopping Rs 266 crore as against a reserve price of Rs 104 crore. ( TIMES NEWS NETWORK)
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