Westend Greens’ Farmhouse Fetched Rs. 18 Crore an acre

February 26, 2007	(1 votes, average: 2 out of 5)  Loading ...
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The highest priced farmhouse deal has just taken place in India. A UK based property developer has purchased a 2.5 acre farmhouse in south Delhi’s tony Westend Greens for Rs. 45 crore.

The farmhouse was actually the property of renowned Khanna Jewellers. Such a property at Westend Greens was sold out for Rs. 28 crore, in step with the going rates of Rs. 8-11 crore an acre then.

The deal has certainly taken many people by surprise who opine it to be the most expensive deal in India for a 2.5 acre farmhouse. The Khanna Jewellers’ deal implies a going rate 70% higher than last year’s.

Location plays a pivotal role to decide about the property price. As for the concerned deal, Westend Greens, one of the most sought after sites after Rajokri and Vasant Kunj, is believed to be a key reason behind such a high price. Following in steps are the other locations including Asola, Pushpanjali, and Chattarpur.

Westend Greens is also popular for providing the best connectivity to important places. Being home to a number of heads of diplomatic missions land pioneering industrialists of the country just adds to its significance and appeal. However, the land deals are not frequent in this areas everyone is eyeing at the Delhi-Gurgaon expressway to become functional soon. The rates are likely to spiral up further in Westend Greens as connectivity will improve much. These are some of the reasons why a built up property of only 6,000 sq ft, the farmhouse sold out for such a large amount.

News Published Under:   Delhi |

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