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Shops on bid for a massive 48 crores in Manesar

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In Manesar 36 shops which are now showing an upward trend would be available on bid for nearly 49 crores over the prevailing rate of Rs. 19.07 crores. The shops were being sold at a varying rate of Rs. 1.38 lakh per sq. meter to Rs. 1.6 lakh over the price of Rs. 58,000/sq. meter existing as on Tuesday. Expecting a low response, the HSIIDC imposed a cut in the existing rate by 25%. As such there were 189 realtors who indulged in the auction for 40 shops including basement which is said to be an optimistic move for the realty segment, added the source at www.propertykhazana.com.
16 shops with an area of 48 sq.mts each were on bid for nearly Rs. 1, 39,000 per sq.mts showing a rise of 139% on the original price, and about 20 shop-offices were being sold for a high price. The auctioneers set a higher price of Rs. 1.6 lakh per sq.mt as against Rs. 58,000per sq.mt with an increase of 177%. To have a replica of the Manesar Township, the Industrial Corporation opened the bidding, which has housed many corporates.
In fact, most of the major property developers have already obtained properties along Gurgaon-Jaipur stretch and development has already started. Some of the developers have added a new tag to Manesar calling it as `New Gurgaon’. For more and latest real estate updates follow us at www.propertykhazana.com.
Source: NBTVLIVE

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