HSVP conducted a e-auction earlier this week, offering 18 group housing plots across Haryana, valued at INR 1,700 crore. Gurugram dominated with plots exceeding INR 1,100 crore, boasting prime locations near metro services and expressways. Favorable FAR provisions and TOD Zones in key sectors enhanced their appeal. The auction attracted robust participation, reflecting the strategic approach aligned with urban development needs. With 11 plots spread across Panchkula, Pinjore, Hisar, and Rohtak, totalling INR 584.9 crore, HSVP's initiative promotes real estate growth, offering lucrative opportunities for developers and stakeholders while addressing the increasing demand for residential properties in the region.
On March 4, Haryana Shahari Vikas Pradhikaran (HSVP) held an e-auction for 18 group housing plots in Gurugram, Hisar, Rohtak, Panchkula, and Pinjor, totaling around INR 1,700 crore. Of this sum, Gurugram alone had plots valued more than INR 1,100 crore in sectors 39, 45, 46, 47, 52, 57, and 110A. The plot sizes varied, with the lowest measuring 1,938.64 square meters in Gurugram and the largest extending 58,866.6 square meters in Panchkula.
In Gurugram, seven group housing plots were up for sale, totalling a reserve price of INR 1,115 crore. The most expensive plot, situated in sector 47, spanned 45,272.81 square meters, with a reserve price of INR 766.9 crore. Conversely, the cheapest plot, located in sector 110A near Dwarka Expressway, measured 2,233 square meters and is valued at INR 20.14 crore.
These Gurugram plots boast prime locations, offering proximity to metro services, Delhi-Mumbai Expressway, and Dwarka Expressway. Additionally, an FAR (floor area ratio) between 1.75 and 3.5 is being provided to developers, enhancing construction feasibility.
Group housing sites in sectors 45, 46, 47, and 57 of Gurugram fall under the TOD (transit-oriented development) Zone, with the tentative cost of additional FAR incorporated into the reserve price.
Apart from the Gurugram plots, the remaining 11 plots are spread across Panchkula, Pinjore, Hisar, and Rohtak, with a combined reserve price of approximately INR 584.9 crore. Two plots each are available in Panchkula and Pinjore, six in Rohtak, and one in Hisar.
HSVP attracted robust participation in the e-auction by offering plots in desirable locations and facilitating construction through favorable FAR provisions. The agency's strategic approach is aligned with the evolving urban development landscape and aims to meet the increasing demand for residential properties in key cities across Haryana.
To conclude, HSVP's initiative to auction group housing plots showed the government's efforts to promote real estate development and urban planning in Haryana, while also providing lucrative investment opportunities for developers and stakeholders in the region.
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