DLF Sells Off It West Delhi Project

Published: April 28, 2009 at 9:01 AM | Author: Administrator
News Source: 24 April 2009 - Business Standard

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Realty major, DLF Ltd has sold an entire housing project in West Delhi by offering flats for as much as 32 percent less than the market rate. The developer launched a residential project at Shivaji Marg (better known as Najafgarh Road) on April 7, 2009 and sold all the 1400 apartments on offer. It had priced the project at Rs 6000 - 7000 a square feet (basic selling price) and offered an initial discount of Rs 1000 a square feet, besides an additional one of Rs 500 a square feet on timely payments. The developer also offered an 8.5 percent discount if a customer paid the entire amount within a month of the initial booking, bringing down the effective price to Rs 4075 per square feet.