DDA will put up nearly 10,000 flats for sale by March, most of them one-bedroom flats.
It is the most expensive flat in Hong Kong and possibly in Asia.
The bungalow, located in Golf Links area is spread over 1,310 square yard.
Circle rate is the minimum value at which the sale or transfer a residential or a commercial property can take place.
Arms dealer Suresh Nanda, who owns the Claridges, was approached by two potential buyers.
Office rentals also increased in the seven cities - Delhi-NCR, Mumbai, Bengaluru, Chennai, Pune, Hyderabad and Kolkata.
Housing prices increased by 13.7 percent during July-September of this fiscal compared with year-ago period but the annual growth rate has slowed down, according to RBI report.
The rentals in Khan Market stood at USD 235 per sq ft per year.
The Urban Development Ministry on Monday received a list of 15 cities for proposals of the Smart City plan with Rajasthan and Karnataka submitting as many as four cities for development.
Know the difference between builder and resale price in Noida, Greater Noida
A slew of mega projects worth over Rs 4 lakh crore for developing smart cities and towns and providing housing for all in the next seven years besides proposed amendments in real estate rules marked 2015 for the urban development sector.
Around 8,500 allottees, almost one-third, of a housing scheme of Delhi Development Authority (DDA) have surrendered their flats.
Union Cabinet chaired by Prime Minister Narendra Modi approved several amendments to the Real Estate (Regulation and Development) Bill, 2015 aimed to protect the interests of buyers while at the same time promoting investments in the sector.
The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha.
Housing prices have fallen by an average 15-20 percent across the country in last 18 months and there is no scope for further reduction, realtors' apex body CREDAI said on Wednesday.
The auction will take place in Hotel Diplomat in South Mumbai.
Godrej Properties has sold 300 flats worth over Rs 700 crore in just one week in its project at Vikhroli, Mumbai.
Office rents in Pune have risen by 10-13 per cent in the last one year on higher demand for office space and subdued supply, according to property consultant JLL India.
Even though there is very little progress on creating affordable housing, the sector is likely to witness new generation of serious developers who will give priority to clear titles, transparency and delivery, industry experts believe.