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IMT sites to go under the hammer

THE Haryana State Industrial Development Corporation (HSIDC) has decided to auction the three prime commercial tower sites of IMT, Manesar, in Gurgaon district. Stating this, an HSIDC spokesman said the three sites having an area of 6,804 sq metres, 5,832 sq metres and 6,804 sq metres would be auctioned at Heritage Village Resort, Manesar, on June 5, 2006 at 11.30 am.

The corporation is developing IMT, Manesar, as a futuristic commercial hub facilitated by world class infrastructure. Industry giants like Honda Motor Cycles, Maruti Udyog Limited, Johnson Mathew, etc have already settled in its neighbourhood. He said that each block would have its own architecture with a maximum height of 30 metres. A grid of six metres has been adopted. A corridor of six metres width including the outer columns shall be maintained around the building free of obstruction of any type. He said the plan should be got approved from the Director, Controlled Area-cum-Managing Director, Haryana State Industrial Development Corporation.

Any individual person, a company or a cooperative society would be eligible to bid for the sites. The bidders would be required to deposit Rs 30 lakh per site as bid participation fee by May 31. He said the presiding officer would reserve to himself the right to accept any bid subject to approval by the Managing Director, HSIDC, or to reject any bid or withdraw any site from auction on the spot without assigning any reason.

He said that 10 per cent of the bid money must be laid at the fall of the hammer after adjustment of the participation fee paid by the successful bidders and 15 per cent within 30 days of the allotment of the letter. He said the balance 75 per cent would have to be paid either in 60 days without interest or through eight half-yearly instalments with interest at the rate of 11 per cent per annum on unpaid instalments. He said 14 per cent interest would be charged on the delayed payments.














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