Due to the allocation of residential, business-related, industrial and educational institution sites by Haryana Urban Development Authority - HUDA , the real estate has shown tremendous growth. The unique development of properties in Haryana and the arrival of some top housing companies in places like Gurgaon, Sonepat, Rohtak, and Faridabad, are due to the well-planned efforts and timely execution of various schemes of HUDA . HUDA came into existence in the year 1977 under the Haryana Urban Development Authority - HUDA act in order to develop the suburban sector and to fulfil the task of acquiring and allocating land in order to encourage harmonized development. HUDA conducts the allocation of sites in an unbiased way with a proper separation of various categories of sites. Propertykhazana.com provides an insight as to how allocation is conducted.
HUDA Residential Plots (HUDA Residential Sites) For the allocation of residential sites, the Haryana Urban Development Authority – HUDA advertises their Latest schemes in top newspapers and on the authorized online site. Later HUDA accepts tenders in regards to the sites, along with 10% of the overall price of the site. The HUDA draw takes place. The outcome of HUDA sites draw is declared and the chosen applicant is allocated the site. A letter of allocation is handed to the chosen applicant, while the remaining payment of the site is down by instalments.
HUDA Commercial Plots (HUDA Commercial Sites) To allocate commercial sites, Haryana Urban Development Authority conducts an open auction wherein the top bidder is offered the site. The allocation of commercial sites by HUDA is very much cherished, by many since the payments are down in instalments. HUDA Industrial Plots (HUDA Industrial Sites) Industrial sites are allocated by Haryana Urban Development Authority on first arrival basis. HUDA Institutional Plots (HUDA Institutional Sites) By displaying an announcement on the official HUDA online site and also in top newspapers, allocation of Educational institution plots take place. After carefully studying various tenders from several applicants, a decision is taken by HUDA who later allocates the site to the chosen applicant. The effectiveness of the Haryana Urban Development Authority – HUDA allotment can be viewed by the manner in which the allocation is carried out. Propertykhazana.com offers you information of the allocation by linking to the authorized online site of HUDA where you can view about HUDA Latest Policies and Group Accommodation schemes in Haryana.