According to the sources available with www.propertykhazana.com, DDA has put its 9 Hotel Plots for auction and is unable to persuade a single purchaser for its hotels. Hotel developers are showing less attention and judging quotes to be situated at unappealing places and the property holder had completed 2 days in the auction attempting to sell out 19 plots in which merely 3 were sold out.
What was the reason for putting off the potential purchasers from purchasing the plots? The reason is DDA’s had picked up poor place as per to survey of hoteliers. Similarly, some plots were being rated for less Rs. 14.15 Crores for about Rs. 33 Crores per acre.
In the meantime, as said by the sources at the www.propertykhazana.com the plots put on auction were sited in Rohini, Dwarka Mayur Vihar survey numbers. Finally, the DDA has faced a tough time in disposing the hotel plots and here raises queries about the Govt.’s capability to achieve its aim of 30,000 extra rooms in capital by 2010.
It had down casted the tourism ministry which was totally counting on DDA and other hotel agencies in the locality to create property available for 26.780 hotels by chosen time. Authority is functioning on plans to give confidence for purchasers for hotels plots and before DDA had collected high rates for plots with top land developer Emaar-MGF Land Pvt. Ltd. purchased 5 acre plot in South Delhi for a huge Rs. 338 Crores. But, hoteliers are caught in the similar matters, said Vimal Singh, MD of South Asia JV of Golden Tulip Hospitality Group. Recently it launched its middle range and lavish brands in India, if there is some fine plots in DDA then preserve rates are very high and the only issue making the land purchasers depress.
Source: NIMMA BENGALURU
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