DDA’s Mega Auction of 453 Properties: 10 Key Details

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    In a strategic move to attract a wide array of bidders, the Delhi Development Authority (DDA) has set reserve prices in alignment with the circle rates for its forthcoming auction of 453 properties. These properties include 157 plots across various categories, encompassing industrial, commercial, residential, group housing, institutional, and religious sites. Additionally, bids are being invited for CNG fuel station sites, built-up shops, and kiosks.

    The DDA has chosen to allocate these properties through an e-auction process, with registration open until November 6, 2023.

    Here are ten key details about DDA’s e-auction scheme:

    1. Number and Category of Plots

    Bids have been solicited for a total of 157 plots distributed among different categories. These include 50 institutional plots, 12 industrial plots, 46 residential plots, two group housing plots, 28 commercial plots, and 19 small-size residential plots in Rohini. All these plots are available on a freehold basis.

    2. Shops and Kiosks

    Bids are also being welcomed for 145 freehold built-up shops, 15 kiosks, 16 mobile tower sites, two CNG or green fuel sites, and four gas godowns for an annual license fee.

    3. Location and Size

    Group housing plots are situated in Rohini Sector 32, with sizes of 9,450 square meters (sqm) and 10,060 sqm.

    Residential plots are dispersed across various locations, including Rohini sectors 25, 18, 7, 36, 37, Shalimar Bagh, Dwarka Sector 17, New Rajinder Nagar, West Patel Nagar, Mukherjee Nagar, and Janakpuri. The sizes of these plots vary from 32 sqm to 357 sqm. Small residential plots can be found in Rohini sectors 29, 30, 34, and 37, with sizes ranging from 26 sqm to 60 sqm.

    Commercial plots are located in Dwarka sectors 8 and 17, Bindapur, Model Town, Mayur Vihar district center, Yamuna Vihar, and Narela. The sizes of these commercial plots range from 100 sqm to 12,602 sqm. The 12 industrial plots included in the scheme are situated in Mangolpuri Phase I and Phase II, Keshopur Industrial Area, and Kirti Nagar Industrial Area. These plots measure between 10 sqm and 399.6 sqm. Kiosks are located in Lajpat Nagar II, Laxmi Nagar, Bhalaswa, Pitampura, and Rajouri Garden. The size of these kiosks ranges from six to 16 sqm, while built-up shops are available in Vikaspuri, Paschim Vihar, Pitampura, Narela, Shalimar Bagh, Rohini sectors 3, 7, and 8, Janakpuri, Peeragarhi, Vasant Kunj, and Dwarka Sector 23. These vacant built-up shops vary in size from 6.96 sqm to 322 sqm.

    4. Price

    The reserve prices for group housing plots range from Rs 66.22 crore to Rs 70.50 crore, while residential plots have reserve prices ranging from Rs 22.42 lakh to Rs 4.55 crore. Similarly, the reserve prices for commercial plots range between Rs 1.25 crore and Rs 257.4 crore, while for industrial plots, they range from Rs 10.51 lakh to Rs 5.91 crore. The reserve prices for the monthly license fee for kiosks vary from Rs 3,100 to Rs 10,500, and the reserve prices for built-up shops are set between Rs 8.56 lakh and Rs 6.75 crore.

    5. E-Auction Schedule

    Online bidding for these properties is slated to take place over three days. E-auctions for kiosks, mobile tower sites, CNG/green fuel sites, and institutional plots will occur on November 7. Bidding for industrial, residential, and small-size residential plots is scheduled for November 8, while commercial and group housing plots and built-up shops will be auctioned on November 9.

    6. How to Apply

    DDA has included QR codes in its advertisements, which are also accessible on social media platforms. By scanning these QR codes, prospective bidders can access all relevant information. Interested individuals can register and participate in the online auction process exclusively through the official DDA website (https://ddaeauction.ewizard.in and www.dda.gov.in).

    7. Help Desk

    For assistance with queries, digital signature acquisition, registration, and bidder training, DDA has established a help desk at its office located at the Nagrik Suvidha Kendra, Vikas Sadan, INA. The help desk is available for support from Monday to Friday, between 11 am and 5 pm.

    8. Expert Opinion

    Rohit Chopra of Southdelhiprime, a real estate consultancy, has lauded DDA’s reserve pricing strategy. By aligning the reserve prices with the circle rates, DDA has positioned itself to attract a substantial number of bidders. Chopra believes the reserve pricing is particularly attractive, especially in the residential and commercial sectors, and anticipates robust participation, with bids potentially exceeding inventory prices by two to three times in the premium segment.

    9. Online Application Process

    Prospective bidders can conveniently apply online by scanning QR codes provided in DDA’s advertisements or through their official website.

    10. Assistance at the Help Desk

    The DDA has established a dedicated help desk at its office in Vikas Sadan, INA. This resource is available Monday through Friday from 11 am to 5 pm to assist with queries, digital signatures, registration, and to provide guidance to potential bidders.

    Also Read: Haryana Government Approves Policy Allowing Residential Plot Conversion to Commercial Use, Expected to Boost Property Prices

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