GURUGRAM: Reeling under severe funds crunch, HSVP has decided to monetise its land earmarked for a gymkhana club in Sector 55. The urban development authority, in fact, plans to develop the 1.4-acre land into 26 residential plots and sell the same to raise over Rs 50 crore.
At present, the city has two gymkhana clubs — one in Sector 4 and another in Sector 29. HSVP is also constructing a Country Club in Sector 56.
TOI has learnt that the district town planner (DTP) of Gurgaon, at the request of HSVP, has replanned the Sector 55 site earlier earmarked for a club house into 16 plots of around 1,600 square feet each and 10 plots of nearly 2,200 square feet. “We have made changes to the plan to convert the site earmarked for a club house into residential plots,” said a senior HSVP official.
Earlier too, HSVP tweaked its plan to monetise its unplanned land in sectors 9 and 10 in Gurgaon and Sector 1 in Pataudi. The authority is going to develop around 300 plots and sell the same through e-auction. HSVP is hoping to raise around Rs 500 crore from the auction of these plots.
Besides, HSVP also shelved its plan for developing a Ashiana housing project in Pataudi. Around eight acres of land earmarked for developing flats under the Ashiana scheme for the economically weaker section (EWS) have been converted into a plotted residential society.
HSVP is planning to raise around Rs 200 crore from the sale of more than 160 plots and commercial space. As per the actual plan, HSVP will develop 162 residential plots — 66 plots of 4 marla (1,089 sq ft) and 96 plots of 6 marla (1,633.5 sq ft). The colony will have 9, 10 and 12 metre roads.
It will also have two parks of half an acre each, apart from a market on 0.30 acres and a primary school on 0.25 acres.