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Punjab urban devp authority earns ₹2,060 cr from e-auction of properties
Housing and urban development minister Hardeep Singh Mundia said that the credit for the success of e-auction goes to the transparent and investment-friendly policies of the state government, led by chief minister Bhagwant Mann.
The housing and urban development department, Punjab, has earned ₹2,060 crore from the e-auction of various properties, including group housing, petrol pumps, hotel sites, SCOs, booths, and industrial and residential plots under its jurisdiction. The auctions, which started on October 18, ended on Tuesday evening.
Housing and urban development minister Hardeep Singh Mundia said that the credit for the success of e-auction goes to the transparent and investment-friendly policies of the state government, led by chief minister Bhagwant Mann.
He said that two months ago, ₹3,000 crore was earned through a similar auction, and with the latest bidding, the amount had climbed to ₹5,000 crore.
Congratulating the successful bidders, the minister said the possession of properties will be handed over as per the schedule. The auctioned sites are located in Mohali, Amritsar, Patiala, Ludhiana, Bathinda and Sangrur.
Housing society in Mohali goes under hammer for ₹163.87 cr
Giving the details of the auction, Mundia said that a bid of ₹31.16 crore was received for a petrol pump site at IT City, Sector 83-A, Mohali. A group housing site in Sector 78 fetched ₹163.87 crore and a hotel site in the same sector was auctioned for ₹33.47 crore. Apart from this, four commercial sites in Sector 68, IT City, five industrial plots in Sector 101-A, SCOs, booths and 334 residential plots located in different sectors of Mohali went under the hammer.
The housing and urban development minister said that the Greater Mohali Area Development Authority earned ₹1,894 crore, Greater Ludhiana Area Development Authority ₹61.75 crore, Bathinda Development Authority ₹16.08 crore, Patiala Development Authority ₹59.62 crore, Jalandhar Development Authority ₹12.25 crore and Amritsar Development Authority earned ₹16.30 crore.
