DLF and Unitech, the country’s top two real estate firms, are understood to have bid for a 350-acre plot in Gurgaon with a reserve price of about Rs 1,700 crore. According to sources, DLF and Unitech today bid for the land meant for setting up recreation and leisure project, comprising commercial, residential and sports complexes.The bids were invited by Haryana State Industrial and Infrastructure Development Corporation (HSIIDC). This is the second time the bids were invited. The technical bids for the land were opened today and DLF and Unitech have been shortlisted for the financial biddings, which will be opened tomorrow, sources said.

When contacted, a HSIIDC spokesperson declined to comment on the bidding process and its participants. Neither DLF nor Unitech officials commented on the issue. Earlier in April, HSIIDC had closed the bids for the same project, in which DLF was the sole bidder. However, according to the HSIIDC advertisement for the bidding process this time, DLF had pointed out certain difficulties likely to be faced during project implementation. After this, HSIIDC made certain relaxations on terms and conditions regarding the payments for the land.

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