News

Group Housing Plots To Be E-Auctioned In Gurgaon From 15th June

Haryana Urban Development Authority (HUDA) has developed a Group Housing Scheme 2017 which will work towards issuing plots to people of different groups in the different cities and towns of the state, which also includes Gurgaon.

These plots under the Group Housing Scheme are available at Dadri, Hisar, Faridabad, Panipat, Karnal, Palwal, Sonipat, Rewari etc. These plots are expected to witness the allotment through the process of e-auction and will be given to the suitable organizations for welfare housing or cooperative group housing societies.

15th June will see the initiation of the e-auction of the group housing plots. All the people who are interested will have to form a welfare housing organization or a cooperative society to become eligible for getting themselves registered to take part in the e-auction process. It is to be noted that the organizations which have their members as Indian residents only, will be able to apply.

One person can be a part of five cooperative societies, but only one membership of successful society in the auction can be retained by him/her. Apart from this, only one flat can be owned by one member. When a person is applying for a membership in a particular estate, he should make sure that he or any of his family members should not own any house/plot in the same estate.

The minimum number of members required to form cooperative group housing society is 20 members. The allotment would be done by e-auction through a freehold basis. Welfare housing organizations and cooperative group housing societies will have to fulfill the process of signing up and registering on the portal of HUDA by obtaining user ID and password. The security amount and the fee for e-service will have to be paid online.

In the e-auction process, the successful welfare housing organization or cooperative group housing society will have to pay 10% of the proposed amount.

Then under 45 days of the auction, the society will have to pay 15% of the proposed amount as HUDA issues a LOI (Letter of Intent) requiring them to do the same.

If the society defaults in paying the amount, the initial fee and 10% of the proposed amount paid would be forfeited and the LOI would also be cancelled.

Team iPropUnited

Share
Published by
Team iPropUnited
Tags News

Recent Posts

The Power of Networking for Small and Medium Enterprises (SMEs)

In the dynamic world of business, networking has emerged as a cornerstone for the growth…

1 day ago

Adani Group inks MoU with the Odisha government for a ₹2.3 lakh crore investment over the next five years.

The MoU was signed at the ‘Utkarsh Odisha-Make in Odisha Conclave,’ inaugurated earlier in the…

3 days ago

Land deals surge by 48% in 2024, with Delhi-NCR taking the lead

Over 40 land deals were recorded in the Delhi-NCR micro-market, with Gurugram contributing to 60%…

2 weeks ago

Personal Finance Tips for Young Professionals

As a young professional, building a strong financial foundation early in your career can set…

3 weeks ago

The Importance of ESG (Environmental, Social, and Governance) in Modern Business

In recent years, ESG (Environmental, Social, and Governance) has become a critical framework for evaluating…

4 weeks ago

Why Premium Housing is Gaining Popularity Among Millennials

In recent years, the demand for premium housing has seen a significant rise among millennials,…

1 month ago

This website uses cookies.