#RealtyNewsRoundup: HUDA To Auction Plots in Gurgaon Every Tuesday

Realty News Roundup is PropGuide's selection of the day's top stories from the real estate sector.

To tide over the financial crisis, the Haryana Urban Development Authority (Huda) is planning to hold a weekly auction of its properties in Gurgaon starting next month (November). Unlike the last time when random properties were auctioned, this time, it will sell properties sector-wise every Tuesday.

While informing the National Green Tribunal (NGT), the Delhi Development Authority (DDA) said it will not implement the environment clearance clauses in the latest Unified Building Bylaws for Delhi till the Union environment ministry approved them. The submission came in response to a plea by an Non-Government Organisation (NGO) challenging the government's decision, alleging that the latest bylaws would dilute and exempt prior environmental clearance for buildings and construction projects.

To bring more transparency, the Maharashtra Industrial Development Corporation (MIDC) will sell its plots online. The online bidding will be spread over a period of 15 days and the whole process will be completed within the next one month.

Pune-based real estate developer, Kohinoor Development Corporation (KDC) has proposed to invest Rs 300 crore in setting up two logistics parks in Maharashtra. Spread over 100 acres, the parks will come up at Chakan and Ranjangaon in the state at a cost of Rs 600 crore.

Source: Media reports