Mandi board collects Rs 2.8 crore from auction of shops | punjab | Hindustan Times
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Mandi board collects Rs 2.8 crore from auction of shops

The Punjab state marketing board, on Friday, collected Rs 2.8 crore and from the account of 14 plots for shops situated in the new grain market here.

punjab Updated: Jan 17, 2014 21:13 IST
HT Correspondent

The Punjab state marketing board, on Friday, collected Rs 2.8 crore and from the account of 14 plots for shops situated in the new grain market here.


The Nakodar market committee accountant Gurmeet Singh said that the reserve price of these shops was fixed at Rs 1 crore 29 lakh 85 thousands and 900. He said that the highest bid was for Rs 26 lakh 65 thousands for a corner plot and the lowest bid was for Rs 16 lakh 50 thousands.

He said that all shops, except two corner shops, are of three marlas. Corner shops measure 3.5 marlas each. The board's estate officer Pirthi Singh Dhaliwal and deputy general manager Rajpal Singh conducted auction proceedings.