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Posted Date : |
10/9/2009 3:02:16 AM |
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News Headlines : |
Boom In The Housing Market - Dlf sold 1,250 Flats in just Two Hours |
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News Details : |
23 Sep 2009
project near the Moti Nagar area in West Delhi, within two hours of its launch. Though the prices were lower than the market, the lowest effective price was 39 per cent higher than the lowest price, which the company had charged during the first phase of the project this April. At that time, DLF had sold all 1,356 apartments on offer under the first phase in a single day; a prime factor was that their lowest effective price was 32 per cent lower than the market price. Now, as claimed by a company spokesman, it was approximately 25 per cent lower than the market one. Apartment prices are upwards of Rs 6,000 a sq ft in the area. In the second phase, the company charged Rs 6,750, Rs 7,500 and Rs 8,000 a sq ft, respectively, for the apartments, which ranged from 1,210 to 2,720 sq ft each. There was a discount of Rs 500 a sq ft for timely payment and an 8.5 per cent discount on down payment. Hence, the effective selling price, which includes both discounts, is about Rs 5,677, Rs 6,363 and Rs 6,820 a sq ft, respectively. Besides that, the company charged for parking and for those wanting a preferred location.
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