Guest's picture


Listed in: Page
HUDA comes out with another residential scheme for plots
Submitted by Amit Jain on Thu, 12/08/2010 - 06:30

Haryana Urban Development Authority (HUDA) is labeling this as a new investment opportunity in a new area. It is a residential scheme for 1312 new plots thrown open to public in Sector 1, Pataudi, on the Gurgaon-Rewari highway, nearly 29 km from Gurgaon. The location, nearly 12 km away from the upcoming Kundli-Manesar-Palwal expressway, comes within the NCR area.

The residential scheme is for 1312 plots in five sizes ranging from 4 marlas, 6 marlas, 10 marlas, 14 marlas and one kanal. These plots are freehold and have been attractively priced at  Rs 8010 to Rs 9790 per square meter, in the little known upcoming town now undergoing an infrastructure makeover.
The scheme, which was thrown open in June this year, is in the last days before it closes down in less than a week from now, on August 17.
Pataudi is undergoing a phase of planned infrastructure development these days and a lot of other townships from private developers are currently under construction on the Pataudi-Gurgaon road, closer to the peripheral millenium town Gurgaon.

While a robust response to the scheme has already been received till date, the applications for same are likely to gather before the scheme closes next week.  A private banker has already offered to finance the earnest money for interested applicants, to apply for the scheme, for which HUDA has asked for 10% amount as earnest money of plot values with every application.

It may be highlighted that this residential scheme for 1312 plots of various sizes gains importance, since it has come soon after the unsuccessful applicants to an earlier residential scheme for plots launched nine months back by HUDA for 3900 plots in different Tier 2 towns, have now received back their earnest money.

Given that the sentiment in the NCR has slowly rebounded from a new low in 2008, these properties on offer, are likely to command soon after the allotments are made, in another four to five months. For those applicants who believe in playing a second innings, this could be a prospective sound investment opportunity.

Amit Jain

No votes yet


Post new comment

The content of this field is kept private and will not be shown publicly.