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DDA recorded close to INR 1,500 crore in its recent e-auction of 81 plots across residential, commercial, industrial, institutional and group-housing categories, more than doubling the overall reserve price. The highest jump came from industrial plots, followed by strong traction in group-housing plots in Dwarka. Officials linked the response to recent policy changes that reduced reserve-price multipliers and made participation easier, along with improving connectivity and public amenities in key areas. The auction reflects rising interest in Delhi land parcels following these reforms.
The Delhi Development Authority generated INR 1,494.67 crore from its latest e-auction of 81 plots spread across residential, commercial, industrial, institutional and group-housing categories. The combined reserve price for these plots was INR 629.19 crore, and the final bids ended up more than doubling this figure. This auction also included plots that previously received limited interest in earlier rounds. Advertisement
In the industrial segment, 41 plots with a base price of INR 53.08 crore received bids worth INR 272.39 crore, which marked an increase of more than 400 percent. Officials noted that this category has consistently seen demand whenever pricing is aligned with market expectations.
In institutional plots, 10 parcels with a reserve price of INR 224.80 crore attracted bids totalling INR 307.71 crore. The residential category had 17 plots that achieved INR 166.06 crore against a base of INR 52.05 crore. Commercial plots also saw an improvement, with 10 parcels achieving INR 106.02 crore against a reserve of INR 44.32 crore.
The strongest response was in the group-housing category. Two plots located in Dwarka's Sector 27, carrying a combined reserve price of INR 254.94 crore, received bids amounting to INR 642.49 crore. Officials said this demand was supported by better connectivity in the area through the Urban Extension Road and the development of facilities such as Bharat Vandana Park. These improvements have made the location more attractive for large-scale residential development.
Officials stated that reforms introduced under the current administration contributed significantly to the improved auction performance. The multiplication factor used to calculate reserve prices was lowered for commercial plots from twice the circle rate to 1.5, and for institutional plots from 0.75 to 0.6. The revised structure reduced thresholds for bidders and encouraged wider participation.
The auction results indicate that recent policy measures are helping bring more activity to DDA land offerings, especially in locations supported by improving infrastructure. The strong response also suggests that developers are reassessing opportunities in Delhi's organised land market as regulatory processes become more streamlined.
Source: PTI
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