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Track2Realty: Tata Housing has announced the outstanding over-subscription of its newly launched project – Gateway Capital, located at sector 112, Gurgaon. The company claims that for the first time in the history of Indian real estate industry, Tata Housing introduced a unique strategy of selling its units through an IPO-styled concept by floating a range of Basic Sales Price in the market, from Rs.9000 psf to Rs.11000 psf.
Acceptance of Expression of Interest (EoI), along with a booking amount of Rs. 10 Lakhs, for the first phase consisting of 200 units started on 11th February and was closed on 28th February. During this period, Gateway Capital was over-subscribed 20 times at the pre-launch stage, with an astonishing 2200 application forms.
The allotments will be made through a software generated, externally audited, random selection process, ensuring fair and transparent allotment process. Post the allotment process the customers will be given ….
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