The DDA Exclusive E-Auction of Over 700 Luxurious Apartments and Penthouses in Dwarka is Path Breaking

The Delhi Development Authority (DDA) is ushering in a new era of luxury living with the commencement of its grand e-auction for an array of exquisite apartments, including lavish penthouses, in the heart of Dwarka Sector 19B. Set to begin on February 5, with registrations closing on January 29, this e-auction represents an unparalleled opportunity for discerning buyers.

Featuring a staggering collection of 707 apartments, the auction is spotlighting the epitome of luxury. Penthouses, each a symbol of elegance and sophistication, start with a reserve price of Rs 5 crore. For those seeking upscale living spaces, the super HIG (high-income group) flats and HIG flats are available at Rs 2.5 crore and Rs 2.19 crore, respectively. Additionally, 192 2BHK MIG (mid-income group) flats will also grace the auction, offering a blend of comfort and class.

Following the resounding success of the first round of e-auction, which saw 274 apartments, including penthouses, being snapped up, the DDA is gearing up for an even more exhilarating second round. Enthusiasts can register on the official e-auction portal, https://dda.etender.sbi/SBI/, and submit the required documents by January 31, with the bidding commencing from February 5.

The upcoming auction boasts seven magnificent penthouses, 32 super HIG apartments, and 476 HIG flats in Dwarka Sector 19B, along with 192 alluring MIG flats in Sector 14.

The Registration ProcessProspective bidders are required to register on the e-auction portal and pay a non-refundable fee of Rs 2,500 per flat. The booking amount, or EMD, is set at Rs 15 lakh for HIG, Rs 20 lakh for super HIG flats, and Rs 25 lakh for penthouses, and Rs 10 lakh for MIG flats.

This amount is a prerequisite for participating in the bid for each flat.

In the first phase of the e-auction, one of the penthouses reached a staggering bid of Rs 5.77 crore, showcasing the high demand for these elite residences. The luxury apartments and penthouses, part of a housing complex estimated at Rs 700 crore, overlook an upcoming 18-hole golf course in Sector 24.

Boasting 11 towers, the complex offers penthouses with terrace gardens and expansive green spaces, redefining luxury living in Dwarka Sector 19B.