As per an estimate by PNB, the market value of the property was Rs 603 but since it was a distressed sale, they reduced the value by 25% in the first auction itself.source https://economictimes.indiatimes.com/industry/banking/finance/pnb-housing-finance-failed-to-get-any-bidder-for-vipul-ltd-project-in-gurgaon/articleshow/77786576.cms
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