Plotland Auction
HSIIDC Opens Bidding for 172.76 Acres of Mixed-Use Land in Global City Gurugram
The Haryana State Industrial Infrastructure Development Corporation (HSIIDC) has initiated the bidding process for four mixed-use plots in Gurugram's expansive Global City project, spanning 172.76 acres. The bidding process commenced with the last date for registration set at November 20, 2023, followed by the auction scheduled for December 5.
| Total land area | 172.76 acres |
|---|---|
| Plot sizes | 86.05 acres, 23.76 acres, 58.11 acres, and 4.84 acres |
| Location | Sectors 36B, 37A, and 37B, adjacent to the Dwarka Expressway |
| Pricing (largest plot) | Rs 1,47,500 per square metre |
| Pricing (institutional plot) | Rs 56,500 per square metre |
| Registration deadline | November 20, 2023 |
| E-auction date | December 5, 2023 |
| Project scale | 1,000-acre Global City project with $15 billion investment potential |
| Land use mix (86.05 and 23.76 acre plots) | 65% commercial, 35% residential |
| Land use mix (58.11 acre plot) | 50% commercial, 50% residential |
Four Parcels Opened for Bids
The auction encompasses four plots, with respective sizes of 86.05 acres, 23.76 acres, 58.11 acres, and 4.84 acres. The 86.05-acre plot is priced at Rs 1,47,500 per square metre, the 23.76-acre plot at Rs 1,28,000 per square metre, and the 58.11-acre parcel at Rs 1,21,000 per square metre. The institutional plot spanning 4.84 acres is priced more modestly at Rs 56,500 per square metre, reflecting its purpose for school construction.
Bidding Timeline
The bidding process commenced with the last date for registration set at November 20, 2023, followed by the auction scheduled for December 5. It is anticipated that a pre-bid meeting will be conducted later this month in Gurugram.
Project Context
Situated in Gurugram sectors 36B, 37A, and 37B, adjacent to the Dwarka Expressway, HSIIDC's Global City project is meticulously planned to incorporate residential zones, industrial clusters, and commercial areas. The mixed-use land township is part of the ambitious 1,000-acre Global City project, which is estimated to have a staggering investment potential of $15 billion.
Envisioned as a self-sufficient township, the project places a strong emphasis on cutting-edge technology industries, eco-friendly infrastructure, quality of life, skill development, and employment generation.
Infrastructure Features
The Global City project distinguishes itself with innovative features, such as a dedicated utility tunnel situated beneath the roads. This tunnel will house various utilities, including water, telecom, and electricity lines, eliminating the need for future road digging for repairs or upgrades.
The project's emphasis on connectivity is evident in its plans to integrate various modes of public transport, including the Regional Rapid Transit System (RRTS) and the Gurugram-Bawal metro corridor.
Development phases
Frequently asked questions
What are the plot sizes available in this auction?
The auction encompasses four plots with respective sizes of 86.05 acres, 23.76 acres, 58.11 acres, and 4.84 acres.
What is the location of Global City Gurugram?
Global City is situated in Gurugram sectors 36B, 37A, and 37B, adjacent to the Dwarka Expressway.
What land uses are permitted for the plots?
The plots are designated for diverse uses, with a majority devoted to commercial and residential purposes. The institutional plot spanning 4.84 acres is designated for school construction.
How do I register as a bidder?
Interested bidders must register by the last registration date of November 20, 2023, with the e-auction scheduled for December 5, 2023. A pre-bid meeting is to be held in Gurugram.
What is the investment potential of the entire Global City project?
The ambitious 1,000-acre Global City project is estimated to have a staggering investment potential of $15 billion.
What makes Global City different from other mixed-use projects?
The project distinguishes itself with innovative features, such as a dedicated utility tunnel situated beneath the roads that will house various utilities, including water, telecom, and electricity lines, eliminating the need for future road digging for repairs or upgrades.