Bangalore: If you thought Rs 38,000 per sq ft is a steep price for an apartment in Burj Khalifa , desi realty rates beat that by a mile. The rates of apartments on Prithviraj Road and Aurangzeb Road in central Delhi are much higher.
There are not many luxury condominiums available in central and south Delhi. However, there are several bungalows on independent plots of around three acres with a permitted area of construction of 3500 sq ft to 10,000 sq ft. These plots are commanding a price of Rs 200 crore to Rs 500 crore. So the per sq ft cost of these bunglow comes to a whopping Rs 5 lakh per sq ft. Condominiums in Mumbai are even costlier. The per sq ft rate in Mumbais NCPA Apartments at Nariman Point is between Rs 90,000 and Rs 1 lakh! Till date, the highest per sq ft rate paid in Mumbai stands at Rs 97,842 for a fourbedroom apartment at NCPA Apartments in 2007
Cheaper to buy pad in Burj than in Vasant Vihar [06th Jan 2010, The Times Of India]
Bangalore: An apartment on the 100th floor of Burj Khalifa , the worlds tallest building and one of the most-sought after addresses in the world today, comes at a price of Rs 38,000 per sq ft.
But if you think thats a soaring price, consider this: desi realty rates beat that by a mile. The rates of apartments on Prithviraj Road and Aurangzeb Road in central Delhi are much higher. The rate of apartments in Marble Arch and Tata Apartments on Prithviraj Road is around Rs 65,000 per sq ft. Similarly, Ansal apartments on Aurangzeb Road have a price of Rs 55,000 per sq ft, said senior broker Hemendra Sharma.
In Vasant Vihar and Chanakyapuri in south Delhi, apartments built on smaller plots of 400-800 sq metres are commanding prices of around Rs 45,000 per sq ft.
BIG BARGAIN
Apartment prices in Rs/sq ft
Burj Khalifa 38,000
Prithviraj Rd 65,000
Aurangzeb Rd 55,000
Nariman Pt 90,000+
Approximate prices. Bungalows in central and south Delhi worth around Rs 5 lakh/sq ft
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