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New Moti Bagh is a residential colony in S … New Moti Bagh is a residential colony in South Delhi. New Moti Bagh occupies an area of 143 acres, in the exclusive New Delhi Municipal Council (NDMC) area of New Delhi. It is one of Delhi's most expensive areas, where land rates vary from 10 lakhs to 12 lakhs a square yard. To raise funds for construction of New Moti Bagh a three acre parcel of land contiguous to the project was sold to Leela Group, a hotel chain, for ₹650 crore (US$81 million), at about ₹216 crore (US$27 million) per acre. At this rate the total land value of the 123 acres (0.50 km2) New Moti Bagh town ship, called colony in Delhi, at current market rates, works out to about ₹31,000 crore (US$3.9 billion). "Living in New Moti Bagh", according to senior Government official, is "next best thing to living in a Lutyens bungalow”.st thing to living in a Lutyens bungalow”.
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New Moti Bagh is a residential colony in S … New Moti Bagh is a residential colony in South Delhi. New Moti Bagh occupies an area of 143 acres, in the exclusive New Delhi Municipal Council (NDMC) area of New Delhi. It is one of Delhi's most expensive areas, where land rates vary from 10 lakhs to 12 lakhs a square yard.y from 10 lakhs to 12 lakhs a square yard.
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New Moti Bagh
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