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HSVP Launches Online Resale Platform for Urban Estate Units

Sep 08 2025

The Haryana Shehri Vikas Pradhikaran (HSVP) is stepping into a new role by introducing an online platform to facilitate the resale of properties across its 30 urban estates. The initiative aims to streamline transactions by allowing existing allottees to resell their units through a structured e-auction process.

Under the new system, sellers will be required to submit an Expression of Interest (EOI) along with a facilitation fee—0.25% of the reserve price at the initial stage and 0.50% of the final deal amount after closure. The first series of e-auctions is scheduled between September 24 and September 28 in five key cities: Panchkula, Faridabad, Gurugram, Rohtak, and Hisar.

HSVP officials say the move will ensure transparent and hassle-free property transactions, with potential benefits such as rebates on certain statutory charges during registration and transfer. However, critics have raised concerns. Some opposition leaders argue that the authority, originally set up to provide housing on a no-profit-no-loss model, is gradually shifting towards revenue-driven practices.

Local property dealers have also expressed skepticism, pointing out that the resale market traditionally depends on flexible negotiations and mixed payment modes, which may not align well with an exclusively online, cheque-based system. They warn that eliminating face-to-face bargaining could deter both buyers and sellers.

Despite the criticism, HSVP appears determined to move forward, positioning the platform as a digital-first alternative for property transactions. If successful, the model could reshape Haryana’s real estate ecosystem by bringing government-backed transparency into resale deals.