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The Delhi Development Authority (DDA) has generated INR 1,321.21 crore through the auction of 142 land parcels and property assets across the national capital, significantly exceeding the aggregate reserve price of INR 480.38 crore. The e-auction, which attracted participation from investors, institutions and businesses, covered residential, commercial, industrial and institutional plots as well as licence fee-based assets. According to DDA, the exercise realised nearly three times the reserve value and delivered a premium of around 175% over the base price. The outcome reflects sustained demand for strategically located land in Delhi and forms part of the authority’s ongoing efforts to monetise land assets, strengthen revenue generation and support urban development initiatives across the city.
The Delhi Development Authority (DDA) has generated INR 1,321.21 crore through a major e-auction of 142 properties and land assets across Delhi, achieving a substantial premium over the reserve price and drawing strong participation from investors, institutions and businesses. The auction concluded in the past week and covered a wide range of residential, commercial, industrial and institutional properties located across the capital.
According to DDA, the total highest bid value stood at INR 1,321.21 crore against a cumulative reserve price of INR 480.38 crore. The authority stated that the auction realised nearly three times the reserve value and generated a premium of approximately 175% over the aggregate reserve price, underscoring strong demand for land and development opportunities in Delhi.
The auction portfolio comprised 142 properties and land parcels spread across multiple categories. These included residential plots, commercial sites, industrial land, institutional plots and various licence fee-based assets. DDA said the auction was conducted through its technology-enabled digital platform, enabling transparent bidding, efficient price discovery and wider participation from stakeholders across sectors.
Additional details shared by the authority showed that the assets on offer included 24 freehold residential plots, 21 industrial plots, 10 institutional sites and one group housing parcel. The auction also covered 57 built-up shops, 16 commercial plots, multi-level parking sites, kiosks and a food court plot in Dwarka. The diversity of assets contributed to broad-based participation and competitive bidding across categories.
Among the standout transactions was a commercial land parcel in Karkardooma's Pocket 21-22, which attracted 36 bidders and achieved a value exceeding ten times its reserve price. An institutional plot in Karkardooma, identified as Plot No. 3A, emerged as the most actively bid property during the auction, drawing 20 bidders and recording 3,160 bids throughout the process. Officials indicated that the response reflected growing investor confidence in the area's connectivity and development prospects.
DDA officials stated that the auction outcome demonstrated sustained market interest in well-located land assets within Delhi. The authority noted that the digital auction process ensured fair competition while providing opportunities to a diverse set of participants. The revenue generated is expected to strengthen DDA's financial position and support future development initiatives across the capital.
The successful auction comes as DDA continues to pursue land monetisation and urban development programmes across Delhi. With demand remaining strong across residential, commercial and institutional segments, the authority's latest auction has delivered one of its most significant revenue outcomes, highlighting continued investor appetite for land assets in the national capital.
Source - PTI
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