New Delhi
“HUDA sold an approximately 10 acres of commercial land for Rs 842 crore in the sector 47 of Estate-II of HUDA Gurugram,” J. Ganesan, Chief Administrator, HUDA, said here. “The e-auction took place on October 31 (Tuesday). The site was successfully auctioned to Ikea, a multinational group, headquartered in the Netherlands, that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories and considered to be the largest furniture retailer in the world.
“This e-auction is single largest e-auction ever in the history of Haryana.” The site was put for e-auction three times earlier but had no takers till Ikea bid for it.
“This is not a one-off deal as we have planned out auctions of other institutional and commercial properties across the city in the next few months. “Gurugram has seen a reduced demand mainly due to rapidly changing investments scenario in real estate, especially in commercial section. However, we are hopeful to sell more properties and gather handsome revenue for HUDA from the estates of Gurugram,” he added.
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