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Delhi Golf witnesses pricey transactions

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As per to the sources saying @ the www.propertykhazana.com, 3 inconspicuous but high-value dealings of Rs. 300 Crores have ended up in Central Delhi’s classy Golf Links area, where infrastructure chief GMR – Naresh Gujral, son of Inder Kumar Gujral, former PM purchased a residence in last couple of months. GMR has purchased a residence for Rs. 70 Crores in the Golf Links from McDonald’s India MD, Vikram Bakshi. Confidentially held firm of the GMR group has closed a contract with Mr. Bakshi who was living there for years. In one more contract, a leading Delhi based auto dealer purchased a residence close to his posses in Golf Links for Rs. 100 Crores. Meantime, it is also reported at the www.propertykhazana.com that a political celebrity has purchased 575 Sq.Yd residence in the same place for about Rs. 50 Crores. At this estimation, the purchasers have to pay Rs. 8 Lakhs per Sq.Yd which will be the highest ever paid in Delhi.
Property consultancy firm Cushman & Wakefield says, average existing prices for Golf Links is the premier in Delhi at Rs. 7 Lakhs per Sq.Yd slightly less than Chanakyapuri’s Rs. 7.25 Lakhs per Sq.Yd. Mr. Jain said to www.propertykhazana.com that, “Rates in both areas have blasted up four times in the previous 3 years and by about 50% in a year. In addition to the planned position, this area has positive snob value attached to it. Purchasing a residence here is like proclaiming to the world that one has arrived in life.”
Presently, there are few transactions done in the locality, one will compete in terms of value. Two years back, Industrialist and Parliamentarian Navin Jindal has purchased a residence for Rs. 150 Crores on Mansingh Road and Bhushan Steel Chairman Sanjay Singhal purchased a bungalow at Amrita Shergil Marg for Rs. 137 Crores from the Dutch Embassy, added the source at the www.propertykhazana.com.
Source: NBTVLIVE

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