Haryana Real Estate Boom Hits Rewari

Gurgaon: After Ral Estate Gurgaon, the real estate boom is catching up in Rewari, about 50 kms from the millennium city. The auction of 30 sites in brassware market in Rewari fetched Haryana Urban Development Authority Rs 20.85 crore approximately.

Today’s auctions witnessed 458.75 per cent increase in the reserve price. The total reserve price for the 30 auctioned sites in the brassware market was Rs 45.44 lakh.

A double storey shop measuring 48 square metre was sold for Rs 85 lakh against the reserve price of Rs 15.15 lakh, an increase of 561per cent. The site was sold to Hirdey Ram. Another double storey shop in the brassware market measuring 48 square metre fetched Rs 83.55 lakh against the reserve price of 15.15 lakh. The site was auctioned to Rohit Kumar. Other sites fetched between Rs 61.25 lakh to 82.05 lakh.

The auction was held in the HUDA office in Rewari under the chairmanship of S.P. Gupta, Administrator, HUDA, Gurgaon. Other senior officers of HUDA and representative of District Administration were also present during the auction.