27.4 C
Thursday, October 17, 2019
Delhi Featured Property Uncategorized

Luxury high-rise flats now in Delhi. Should you buy?

Delhi’s skyline could resemble Mumbai’s or Gurgaon’s in the not too distant future. While the concept of skyscrapers came to Mumbai way back in the ’70s, Delhi is only taking its first steps.

A handful of developers have launched upmarket high-rise apartment projects, equipped with modern amenities in Delhi (see graph) as of now, but a recent announcement by the Delhi Development Authority (DDA) is likely to boost the supply of such residential projects in the national capital. At a meeting headed by Lieutenant Governor of Delhi Anil Baijal last week, DDA approved the disposal of residential plots for group housing societies through e-auction to individuals, partnership firms, private and public limited or consortium, having the financial wherewithal to purchase the land and develop the project.


Leave a Comment