NEW DELHI: A 299 square metre plot at Dwarka here was auctioned by the Delhi Development Authority for a whopping Rs. 5.26 crores on the third day of plot auctions by the Authority on Wednesday. Over the three days, the DDA auctioned a total of 61 plots for a sum of over Rs. 188 crores, which was much more than the reserved price of nearly Rs. 70 crores.

A DDA spokesperson said the auction of plots on Wednesday again yielded much more than the reserved price. For the 24 plots that were auctioned during the day, the reserved price was 12.29 crores. However, these plots situated in Shivaji Enclave, Paschim Vihar, Dwarka and Vikaspuri evoked a great response from serious buyers who thronged the auction hall and took the bids really high.

While the highlight of Day One of the auctions was the Rs 4.98 crore bid for a 275 square metre corner plot in Green Park, on the second day it was the sale of a 270 square metre plot in Jasola for Rs. 4.80 crores.

The auctions have demonstrated the firming up of land and built-up property prices all over the Capital. Moreover, they have also illustrated the growing interest of buyers in new and upcoming areas such as Jasola.

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