On February 14, a land auction took place on E-auksion for a plot of land measuring 56 hundredths in the Uchtepa district of Tashkent.
The plot is located in the Hamdust neighborhood at the corner of Lutfi and Katta Hirmontepa streets (the former site of a tram circle). It is proposed to construct an apartment building here.
The auction lasted for 1 hour and 14 minutes. The winner was Al-Baraka Qop Biznes, which bid 55.13 billion sums for the lot, or 3.95 times the starting price.
According to the auction conditions, the plot is leased for 49 years. The company is required to build the house within 3 years from the date of signing the contract.
As per the data from the EGRPO, Al-Baraka Qop Biznes was established in 2021 and specializes in the production of plastic packaging. The owner and sole founder of the firm, which has a charter capital of 10 million sums, is Izzatilla Ubaidullaev.
In January, Shavkat Mirziyoyev announced a series of reforms in the construction sector. Among other things, it is planned to allow the purchase of land for apartment buildings only by legal entities that are VAT payers.
Earlier, Spot reported that a basement of a residential building was put up for auction in the Alai market area.