Games Village Flats

Real estate brokers have descended on the Commonwealth Games Village, to guide buyers through what is likely to become the toniest neighbourhood in the NCR, where flats command an average of Rs 14,000 per square foot.
The Village, which will host 8,000-odd athletes for the Games in 2010, has a residential corner being developed by the Emaar-MGF group. There will be 34 towers between six and nine levels, out of which 11 towers belong to the Delhi Development Authority. These flats, with a “premium” mark-up and which are now open for booking, are going second to rates in Delhi’s Lutyens’ zone, Chanakyapuri and Vasant Vihar.
But since most houses in these localities are bungalows, the Games Village accomodations thus become the most expensive residential apartments.
This audacious price is buoyed not only by the site’s location and proximity to the Akshardham Temple, but also because of the drop-dead sports facilities being developed for the Games which will ultimately become a part of this residential complex.
Emaar-MGF broker Kaushal Bhansali said these are the only flats to be released in the Capital after those built during the Asian Games, at its site in South Delhi. “There have been other housing developments, but mostly in the outskirts like Dwarka. But the Commonwealth flats are premium. The temple is on one side, and the other provides a green belt where there will be no construction. These flats will be the costliest in the National Capital Region.”
The flats range from two bedrooms to five, with the former of 1,443 square feet priced between Rs 2 crore to Rs 2.25 crore, depending on any additional facility the buyer may want. The five bedroom ones, with an area of 3,278 square feet, can cost up to Rs 5 crore. Demand is insatiable it is learnt as the usual fare of a club house, a multi-purpose hall, sports facilities and a creche have also been thrown in. There will be complete power back-up, treated water supply and Wi-Fi facilities. The complex has also been certified as a “green building”.

2 Comments

  1. Posted July 9, 2008 at 3:41 am | Permalink

    Worried that property prices may cool down? With India tipped to become the most sought after real estate market among emerging economies, you may not really have to fasten your safety belts just yet. In fact, just 10 land deals in India over the past 12 months were valued at over a whopping Rs 15,000 cr. Evidence enough to prove that reports citing office rentals in Delhi and Mumbai being costlier than more developed real estate markets such as New York City, Dubai and Singapore, are not off the mark. Although Delhi and Mumbai still held on to seven out of top 10 mega realty deals in the country, Hyderabad and Chennai too emerged as hotspots for big ticket transactions. With an acute shortage of land in metro cities and escalating land costs, it will not be long before other locations such as Hyderabad, Chennai, Bangalore, Coimbatore and Pune will grow as centres of major land deals in the near future. Real Estate Investing has probably made more millionaires than any other industry in Hyderabad. Real Estate Investing also offers many rewards including cash flow, security, long-term wealth and numerous tax benefits.For more view- realtydigest.blogspot.com

  2. Anil Kumar
    Posted May 7, 2009 at 5:55 am | Permalink

    we are looking 1 BHK at SAf games village ,KOyembedu.foe rental.if u are offering than plz call us:
    abcl2u@yahoo.com
    0979123036.
    Anil

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