'Financial bids of realty giants were not opened' | india | Hindustan Times
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'Financial bids of realty giants were not opened'

india Updated: Oct 12, 2012 23:31 IST
HT Correspondent

The Haryana government has contested India Against Corruption (IAC) leader Arvind Kejriwal's claim that realty major DLF was given undue benefits by it, saying that he activist has got his facts wrong.

Kejriwal had alleged that the financial bids of realty majors Unitech and Country Heights Holding, Berhad, Malaysia were rejected by the Haryana government while carrying out the bidding process for allotment of 350 acres of land in Gurgaon for a recreation-and-leisure project.

Reacting to the allegation, state industries minister Randeep Surjewala said the financial bids of these two companies were never opened and that DLF was allotted the 350-acre land after emerging as the successful bidder.

Surjewala said on Thursday that the financial bids of Country Heights and Unitech were never opened as the bids of these two applicants were rejected during the technical evaluation by a committee.

"Neither Country Heights, Malaysia nor Unitech have claimed any unfair rejection till date," the minister said.

The managing director of Haryana State Industrial and Infrastructure Development Corporation (HSIIDC), Rajiv Arora, said the bid submitted by the consortium led by Country Heights was rejected during a technical evaluation as it did not fulfill the prescribed criteria pertaining to the minimum stipulated net-worth of Rs 500 crore. Their representatives had also expressed their inability to submit or substantiate the net-worth figure as on March 31, 2008, Arora said.

"Besides, their technical partner did not have the requisite financial eligibility. They also did not submit the documentary proof of having developed and operated a golf course," he said.

The HSIIDC MD said the technical bid opening committee was of the view that on the basis of a negative net-worth as well as working results of the technical partner (Country Heights Pecanwoods Golf & Country Club Limited), it was absolutely unlikely that the technical consortium member would be in a position to subscribe to 25% equity in the project.