Short note on real estate business and the private-public land mafia in Gurgaon

Gurgaon is still an Eldorado for the international real estate business. In August 2010 the Hooda Haryana government was put into a no less dubious public spot-light for getting engaged in shady land-deals in Gurgaon. Farm land was turned into cheap property to build an amusement park. We summarised some news items on the matter.

Submitted by Django on September 19, 2010

Govt under fire over Gurgaon land deals
Tribune News Service
Gurgaon, August 10

The Haryana government has come under sharp criticism for the recent move of leasing out big chunks of prime public land in Gurgaon to a private party at rates much lower than the prevailing market price. The plots, located in Sector 29 and Sector 52 of Gurgaon, have been leased out for the development of amusement parks.While the local HUDA officials and other authorities concerned are tightlipped over the issue, all-out efforts are being made to hand over the said chunks of prime public land to the private player. So much so that a road passing through one such chunk of land is being covered with loose earth to facilitate the beneficiary. The front leaders of the Federation of Residents Welfare Associations (FORWA) and Gurgaon Citizens Council (GCC) maintained that the 25-acre plot in Sector 29 had been given on a 33-year lease at a nominal price of Rs 56.25 crore, as against the prevailing market price of Rs 2,016.67 crore for the purpose. “Similarly, the 17-acre plot in Sector 52, which could have been leased out for 33 years at Rs 548.53 crore as per the prevailing market price, has been given away for a meagre Rs 38.25 crore,” they asserted.”So many controversial land deals coming to light clearly vindicate our stance that the Hooda government is a regime of property dealers,” said an opposition party leader, adding that even the Punjab and Haryana High Court had also pointed out at the nexus between the state leadership and builders. Talking to The Tribune today, a front leader alleged that the Hooda regime eyed prime property in the National Capital Region (NCR), especially Gurgaon, and its single-point agenda was to grab farmers’ land in collusion with unscrupulous builders and colonisers.