Delhi-NCR is one of the most expensive markets in terms of real estate. A recent deal has confirmed this again. This deal has been done in Gurugram adjacent to Delhi, where a price of Rs 500 crore has been received for only 4 lands.
HSIIDC auctioned lands
Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) recently auctioned 4 plots located in Gurugram. In the auction, 4 plots were purchased by 3 developers. Residential property will be developed on these plots. In lieu of these lands, Haryana State Industrial and Infrastructure Development Corporation has received about Rs 500 crore in the auction.
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These 3 developers made the deal
The developers who bought land in the auction include Eldeco, Trehan Iris and Conscient. Eldeco has taken 2.7 acres of land, the deal for which has been done for Rs 110 crore. Similarly, Trehan Iris has made a deal of 5.08 acres of land for Rs 190 crore and Conscient has made a deal of 5.56 acres of land for Rs 200 crore.
Preparation of real estate developers
There is a boom in the real estate sector in Gurugram. Recently many real estate developers have made new land deals and many more developers are about to make deals. Other developers who have recently bought land include Godrej, Experian, M3M and Travoc. Developers like DLF, TARC, Signature Global and Ananth Raj are preparing to launch new projects in the city.
This is why developers are buying land
Haryana State Industrial and Infrastructure Development Corporation and the state’s urban development authority HSVP are auctioning land in Gurugram for residential development. Demand for residential property is increasing in Gurugram. Be it affordable segment or luxury, overalls are in demand in every segment. For this reason, many developers are making land deals to launch new projects in Gurugram.
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