Tag: Delhi property market

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Innov8 Founder Acquires Golf Links Bungalow for ₹85 Crore

AI-generated Representative Image Ritesh Malik, the founder of co-working firm Innov8, acquired a 575-square yard bungalow in Delhi’s Golf Links for approximately Rs 85 crore, as confirmed by two sources familiar with the transaction. This deal contributes to a growing trend of high-value residential purchases by corporate leaders in affluent areas of Delhi, with Golf Links emerging as a favored choice for entrepreneurs in recent years. India Sotheby’s International Realty facilitated the transaction, representing both the buyer and seller while confirming their exclusive mandate. “Golf Links has become the preferred choice for entrepreneurs,” said Ashwin Chadha, CEO of India Sotheby’s…

Latest StoriesResidential

DDA Sells 142 Properties, Generates ₹1,300 Crore Revenue

NEW DELHI: The Delhi Development Authority (DDA) successfully auctioned 142 properties, generating Rs 1,321 crore in revenue, as reported by officials on Wednesday. The mega e-auction attracted bids from investors, institutions, and businesses, resulting in robust value realization through competitive bidding. “The e-auction totaled a highest bid of Rs 1,321.21 crores, significantly exceeding the reserve price of Rs 480.38 crores—nearly three times the reserve value—which corresponds to an approximate 175% premium,” the statement said. Since taking office, Lieutenant Governor G Taranjit Singh Sandhu has focused on transforming the capital into a global city characterized by sustainable investment, superior housing, and…