Chandigarh administration receives ₹37.5 crore from sale of 8 residential plots

As many as eight freehold residential sites were auctioned by the Chandigarh administration on Wednesday

As many as eight freehold residential sites were auctioned by the UT administration on Wednesday.

According to details provided by the Chandigarh administration, the sale of the eight sites, whose total reserve price was ₹18 crore, fetched the Estate Office ₹37.5 crore. (HT File)

According to details provided by the administration, the sale of the eight sites, whose total reserve price was ₹18 crore, fetched the Estate Office ₹37.5 crore.

UT had conducted its last auction in November 2019, when all 11 residential properties on offer were sold, but the commercial and industrial plots found no takers. It had generated a revenue of nearly ₹44 crore from the auction.