Games Village Flats

rajani — Sat, 05 Jul 2008 12:01:58 +0000

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”.

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Games Village Flats