Hot prop­er­ties in cen­tral delhi

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Big deal: A bun­ga­low at 12 KG Marg was bought by Raj Singh Gehlot for ₹ 136 crore in 2012. This was an evac­uee prop­erty, un­der the Evac­uee Prop­erty Act, that was even­tu­ally auc­tioned to pri­vate in­di­vid­u­als Auc­tion his­tory: The ac­tual auc­tion of the 12 KG Marg prop­erty took place on Jan­uary 22, 1957 and the bid was won by Sar­dar Mohan Singh and R B Dur­gadas for ₹ 5 lakh. Singh was a mem­ber of the Pun­jab Leg­isla­tive Coun­cil . Prime prop­er­ties: The cir­cle rate of prop­er­ties in the KG Marg area is ₹ 6.5 lakh per sq yard and the fair value for one acre plot is ₹ 250 crore. To work out the value of such prop­er­ties, one has to keep in mind ASI’s re­stric­tions Lu­tyens Delhi: In Au­gust this year, un­der di­rec­tions of the min­istry of ur­ban de­vel­op­ment, the Delhi Ur­ban Art Com­mis­sion pro­posed to re­duce the Lu­tyens Bun­ga­low Zone by 5.13 sq km, from the present 28.73 sq km to 23.60 sq km Hot deals: As far as other premium deals are con­cerned, Har­ish Ahuja, the man­ag­ing di­rec­tor of ap­parel manufacturing com­pany Shahi Ex­ports, bought a bun­ga­low built on a 3,170 square yard plot on Prithvi­raj Road in cen­tral Delhi for ₹ 173 crore in Septem­ber this year

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