Advertisement

HindustanTimes Tue,21 Oct 2014

Record bid for commercial space

Dhananjay Jha, Hindustan Times  Gurgaon, January 14, 2013
First Published: 01:15 IST(14/1/2013) | Last Updated: 01:16 IST(14/1/2013)

In the highest ever auction of a commercial space in the city, a single-storey shop measuring 22.68 square metre at Sector 23A has fetched almost R1 crore for the Haryana Urban Development Authority (Huda).

Advertisement

As many as 16 commercial booths (shops) in Huda sectors such as 4, 5, 9, 9-A, 23 came under the hammer on Friday, making the authority richer by about R13 crore. About 175 buyers participated in the auction.

To be precise, the Sector 23A commercial booth in west Gurgaon was sold for R99.70 lakh. Another shop of similar size fetched R99.60 lakh.

A senior Huda official said that all the booths were sold 30 to 40 per cent higher than the reserved price fixed by the government. There are several booths, which are lying vacant in various sectors.

“The auction for the remaining booths will take place on January 19,” said the official, adding that the price of commercial space in Gurgaon has become double in one year.

In terms of per square metre, the rate stands close to R4.5-5 lakh, which has come as shock for Delhi and Noida authorities too. Neemo Dhar, commissioner PR, Delhi Development Authority (DDA), said, “I guess the rate is the highest in the NCR.”

A senior official at the Noida authority said, “R4.50 to 5 lakh per square metre is much costlier than the Noida rate. We sold our commercial plots recently at R2.5 to 3.5 lakh per square metre in plush sectors.”


Advertisement
more from Gurgaon

'Hate crime': 2 northeast men beaten up in Gurgaon

Seven men thrashed two call centre workers from Nagaland with cricket bats and hockey sticks in Gurgaon late on Wednesday, the latest in a string of apparent hate crimes against people from the northeast.
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved