Three Gurugram Global City Sites Are Now Up For Auction After A Long Delay

Three Gurugram Global City Sites Are Now Up For Auction After A Long Delay

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After some delay because of the disputable land parcels, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has invited bids to auction three mixed-use sites for the ambitious Global City Project in Gurugram.

The e-auction of three Gurugram Global City land parcels totaling 142.52 acres will be held on May 19. The last date for registering as a bidder is May 1. The project is expected to be built on approximately 1,000 acres in Khandsa, Narsinghpur, Mohammadpur Jharsa, Garauli Khurd, and Garhi Harsaru, Gurugram.

As per the final development plan of the Gurgaon-Manesar Urban Complex, 2031, the state government granted in-principle approval for the redesignation of approximately 1,000 acres of Global City project land as a special zone to be developed as a mixed land-use entity, with a provision of 300-floor area ratio. 

According to officials, Global City will be developed as a futuristic city within a city, with a walk-to-work culture and cutting-edge infrastructure. Mixed land-use planning entailed combining commercial, residential, institutional, office, and recreational functions on a real estate development project.

The Gurugram Global City Launch Has Been Delayed Due To The Controversial Land

The auction, however, has been postponed for a few months due to a blunder by the HSIIDC, the state-owned public-sector enterprise in charge of project implementation.

While chief minister Manohar Lal Khattar led a state delegation to the United Arab Emirates (UAE) in October last year to market the ambitious project, the corporation only recently realised that the acquisition of 1,000 acres set aside for the project was being challenged in three separate writ petitions before the Punjab and Haryana high court (HC).

The managing director suspended two HSIIDC officials – a general manager and a manager in charge of legal matters – for failing to do their due diligence in informing the state government about the litigation.

Interested Firms Compete For Tenders

  • The HSIIDC has budgeted Rs 931 crore for various amenities
  • Tenders will be accepted until March 27, with construction expected to begin in July
  • It is planned to be built on 1,000 acres in Sectors 36B, 37A, and 37B of the Dwarka Expressway, which is currently under construction
  • It will be developed as a mixed-use project, with firms able to build office space, residential and commercial complexes

Source-The Hindustan Times

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