Record property deal in Chanakyapuri
The economic slowdown has not affected deals in Delhi’s premium real estate space.
In a record deal, Gujarat-based Torrent Group has bought 1,124 sq yards of residential property in Chanakyapuri for Rs 111 crore, at the rate of around Rs 10,00,000 per sq yard. This is the highest recorded rate in the recent past in the capital city.
The deal shows that despite the slowdown in the economy there is no correction in property prices in ultra-premium areas. Earlier, owners of Adani Group had bought a bungalow in Golf Links for Rs 140 crore.
Property analysts say that the Torrent deal got high value due to high permissible built-up area. In Chanakyapuri, it is allowed to have a construction of 1.5 times of the plot area over three storeys.
Adani Group, Built-up area, Chanakyapuri, Delhi, Golf Links, New Delhi, premium real estate space, Property Prices, Property prices in Delhi, Torrent Group
