DDA Ventures into Luxury Living with Exclusive Penthouses in Dwarka | SR News Update

DDA Ventures into Luxury Living with Exclusive Penthouses in Dwarka | SR News Update

The Delhi Development Authority (DDA) is set to make a bold foray into the luxury housing segment, unveiling a collection of premium penthouses in Dwarkas Sector 19B. Anticipated to be ready for occupancy by December-end or January, these four-bedroom duplex apartments present a sophisticated living experience just 13 km from the Indira Gandhi International Airport. Read SURFACES REPORTER (SR)’s complete report below:

Registration and Auction Details:

Prospective homeowners can mark November 30 on their calendars as the registration process for these exclusive residences kicks off. The penthouses, boasting a generous plinth area of 424 sqm, will be auctioned with a reserve price of Rs 5 crore—a record-breaking figure for DDAs residential properties in the city. DDA Vice-Chairman Subhashish Panda predicts a swift booking process, underlining the high demand for these premium dwellings.

Luxury Society Complex

Part of a grander luxury society complex, these penthouses are among 1,130 flats, including 14 penthouses, 170 Super HIG flats, and 946 HIG Flats.

Valued at Rs 700 crore, the complex features 11 towers overlooking an under-development 18-hole golf course in Dwarka, offering residents the luxury of two car parking spaces per unit.

Pricing and Features

Beyond the penthouses, the society includes Super HIG flats with a reserve price of around Rs 2.5 crore and HIG flats at approximately Rs 1.4 crore. Additionally, the complex includes four towers providing 728 EWS flats.

DDA emphasizes the strategic location of these penthouses, positioned to overlook an upcoming golf course, proximity to a Metro station, and easy access to the airport. The residences boast terrace gardens, luxury sanitary fittings, and ample green space surrounded by residential towers.

Allotment Process

Breaking away from past practices, DDA introduces an e-auction system for the allotment of these penthouses in Dwarka. This departure from the first-come-first-serve basis aims to enhance transparency and align with industry standards.

DDA officials consulted real estate experts for pricing determination, addressing concerns and streamlining the allocation process.

Mixed Reactions and Future Considerations

While some applaud DDAs venture into luxury housing, others express concerns about the high prices. DDA, grappling with challenges in recent years, seeks external assistance to boost sales and address inventory-related issues, marking a crucial phase in their real estate endeavors.

 

×
×

Post Your Comment


"Content that powers your Business. News that keeps you informed."

Surfaces Reporter is one of India's leading media in Print & Digital Telecast for News on Interiors & Architecture Projects, Products, Building Materials, and the Business of Design! Since 2011, it serves as a referral for designers & architects to know about inspiring projects and source new products. If you have a Product or Project worth publishing in Surfaces Reporter, please email us hello@surfacesreporter.com or you can also submit your project online.

Like Surfaces Reporter on Facebook | Follow us on Twitter and Instagram | Subscribe to our magazine | Sign Up for the FREE Surfaces Reporter Magazine Newsletter

Major step in Quality control; govt to introduce 14 QCOs | SURFACES REPORTER News Update

In a major move, the Union government is planning to bring in 14 Quality Control Orders (QCOs) encompassing 129 new products by the end of 2024. A report by SURFACES REPORTER.

Read more

Indias largest Rs 165 Cr Pet Hospital in Mumbai set to open in March, a dream by Ratan Tata | SURFACES REPORTER News Update

Ratan Tata, one of India biggest philanthropist and Business tycoon has fulfilled his long-awaited dream and initiated a state-of-the-art animal hospital in Mumbai. This will be Indias biggest pet hospital spanning 2.2 acres. A report by SURFACES REPORTER

Read more

Havells, Signify Light Up Ayodhya Mandir and Rampath, RAK, Merino and others also add their contribution| SURFACES REPORTER News Update

Other than the government, there are a lot of brands that have aided in the development in the temple town including L&T, Havells, RAK, Signify, Merino, Lord’s Mark Industries & more. SURFACES REPORTER takes a note on the contribution made by these brands in the redevelopment of Ayodhya.

Read more

Lakshadweep could be the next big Eco Tourism Hub | SURFACES REPORTER News Update

Lakshadweep is one of the most pristine beach destinations of the country. While Goa and Andamans have become over crowded, the rather untouched beauty of the various islands of Lakshadweep can be your next preferred destination for a perfect tropical holiday. A report by SURFACES REPORTER.

Read more


This is alt