Haryana: HSVP puts group housing plots worth Rs 1,700 crore in Gurugram, neighbouring cities on sale

HSVP puts on sale 7 group housing sites for cumulative reserve price of Rs 1115 crore in Gurugram

Haryana Shahari Vikas Pradhikaran (HSVP), the state’s urban planning agency, has put on sale 18 group housing plots worth approximately Rs 1,700 crore in Gurugram and nearby cities, officials aware of the matter told Moneycontrol.

They said that these group housing plots are located in Gurugram, Hisar, Rohtak and Panchkula and Pinjor and will be allotted through an e-auction on March 4.

An HSVP official said that the cumulative reserve prices of these 18 plots are estimated at around Rs 1,700 crore and plots worth over Rs 1,100 crore are located in Gurugram alone.

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According to a brochure of the scheme, these group housing plots are of different sizes and the total area of the smallest plot measures 1,938.64 square metre or 0.49 acre in Gurugram while the largest one is located in Panchkula with an area of 58,866.6 sq metre or 14.55 acre.

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Ashish Mishra

Prinicipal Correspondent|moneycontrol

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In Gurugram, the HSVP has put on sale seven group housing plots having a cumulative reserve price of Rs 1,115 crore. The Gurugram plots are located in sectors 39, 45, 46, 47, 52, 57 and 110A. The costliest group housing plot is located in Gurugram sector 47 having an area of 45,272.81 sq metre or 11.19 acre. The reserve price of this plot is Rs 766.9 crore.

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The cheapest group housing plot in Gurugram measures 2,233 sq metre or 0.55 acre and is located in sector 110A near Dwarka Expressway. This group housing is valued at Rs 20.14 crore.

“These plots are located at premium locations in Gurugram and are in proximity with metro services, Delhi-Mumbai Expressway, Dwarka Expressway etc. We are also offering an FAR (floor area ratio) between 1.75 and 3.5 against these plots which will help developers in construction. We are hopeful of getting good response in the e-auction towards these plots,” an official said.

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According to the brochure of the scheme, the group housing sites located in sectors 45, 46, 47 and 57 fall in TOD (transit oriented development) Zone. The tentative cost of additional FAR as per TOD policy has been added in reserve price.

Besides these seven Gurugram plots, the remaining 11 group housing plots are offered in Panchkula, Pinjore, Hisar and Rohtak cities with a cumulative reserve price of around Rs 584.9 crore.

Out of the remaining 11 group housing plots, the Haryana urban planning agency has offered two plots each in Panchkula and Pinjore cities, six land parcels in Rohtak and one in Hisar.