Friday, September 30, 2022



Punjab’s Development Authorities earned Rs.71.69-cr from e-auction of properties: Sarkaria

Chandigarh, July 11, 2019 (Yes Punjab News)

PUDA & other Special Development Authorities viz. GMADA, Patiala Development Authority (PDA), Jalandhar Development Authority (JDA), GLADA, Amritsar Development Authority (ADA) & Bathinda Development Authority (BDA) has earned revenue amounting to Rs. 71.69 crore from auction of various properties offered in the July e-auction. Properties disposed off include industrial plots, SCOs, booths, double storey shops, built-up booths, shops and residential plots. E-auction had commenced on 01-07-2019.

Divulging the details, a spokesperson said that revenue amounting to Rs. 43.50 crores in GMADA, Rs. 14.96 crores in JDA, Rs. 5.38 crores in BDA, Rs.3.91 crores in PDA, Rs. 3.29 crores in GLADA & Rs. 65.00 lac in ADA has been generated. He said that properties auctioned are located in Mohali, Patiala, Ludhiana, Jalandhar, Bathinda, Gurdaspur, Batala, Malout, Mukerian, Phillaur & Abohar.

He further informed that under jurisdiction of GMADA, 5 industrial plots ranging in size 0.5 acres to 1.26 were successfully auctioned. These industrial plots are located in Sector 83 Alpha & Sector 101 Alpha near the International Airport. Other than this, successful bids were received for 3 residential plots and 4 booths. These plots & booths are located in different sectors/projects of GMADA, he added.

Mr. Sukhbinder Singh Sarkaria, Housing & Urban Development Minister-cum- Co-Chairman, PUDA expressed satisfaction over the outcome of the e-auction. He said the possession of sites auctioned shall be handed over to the allottees as per schedule. The earnest money of unsuccessful bidders shall be refunded soon, he said.

- Advertisement -

Yes Punjab - TOP STORIES

Punjab News

Sikh News

Transfers, Postings, Promotions

- Advertisement -spot_img

Stay Connected






Popular Front of India – India’s internal insurgency – by Arshia Malik

The National Investigation Agency (NIA) -- which was probing over 100 (Popular Front of India (PFI) members in connection with various cases -- arrested...

India’s rise as a global counsel at Samarkand summit – by DC Pathak

The post-Cold War world - no more divided in rival camps created by two competing superpowers confronting each other for military and ideological reasons...

By changing Vyapam’s name twice, MP govt can’t whitewash its stains – by Sundeep Pouranik

Bhopal, Sep 24, 2022 - Seems that ghosts of the Vyampam scam will continue to haunt the Chief Minister Shivraj Singh Chouhan-led Madhya Pradesh...


Health & Fitness

World Heart Day: Smoking teenagers more prone to cardiovascular deaths, say experts

Bengaluru, Sep 29, 2022- India accounts for almost one fifth of deaths occurring worldwide due to cardiovascular reasons in the young population. The worldwide risk of cardiovascular diseases and deaths is 235 per one lakh population but in India the number is alarming at 272 which is very high as compared to any country in the world. On World Heart Day,...

Gadgets & Tech

error: Content is protected !!