Punjab fetches Rs. 54.51 crore from E-auction of properties

Chandigarh, September 12, 2019 (Yes Punjab News)

PUDA & other special development authorities viz. GMADA, PDA, JDA, GLADA, ADA & BDA earned revenue amounting to Rs. 54.51 crore by auctioning IT industrial plots and commercial properties including a multiuse site, SCOs, SCFs, booths, shops, double storey shops and residential plots situated across the state. The e-auction had started on 01 September 2019.

Divulging the details, a spokesperson said that Greater Mohali Area Development Authority (GMADA) successfully auctioned IT industrial plots situated at IT City besides auctioning SCOs and residential plots situated in different sectors of SAS Nagar. From the auction of these properties GMADA earned an amount of Rs. 24.89 crore.

He further said that from the auction of various OUVGL properties (optimum Utilization of vacant Government Lands), PUDA received an amount of Rs. 20.31 crore.

“Revenue to the tune of Rs. 2.60 crore by Patiala Development Authority (PDA), Rs. 3.90 crore by Greater Ludhiana Area Development Authority (GLADA), Rs. 1.43 crore by Bathinda Development Authority (BDA), Rs. 85.50 lac by Amritsar Development Authority (ADA) and Rs. 53.38 lac by Jalandhar Development Authority (JDA) was received from the auction of properties falling under jurisdiction of these development authorities, he added”.

The Spokesperson informed that Properties auctioned are situated in Patiala, Ludhiana, SAS Nagar, Jalandhar, Bathinda, Amritsar, Gurdaspur, Batala & Malout. Successful bidders would be handed over the possession of the sites as per auction schedule. Earnest money of unsuccessful bidders shall be refunded soon.

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