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The e-auction, which began connected October 18, concluded yesterday. (File)
The Punjab authorities has generated Rs 2,060 crore done the e-auction of assorted properties, including radical housing, petrol pumps, edifice sites, SCOs, booths, and concern and residential plots nether the jurisdiction of improvement authorities, according to Housing and Urban Development Minister Hardeep Singh Mundian.
Mundian credited the occurrence of the e-auction to the state’s transparent and investment-friendly policies. He noted that with Rs 3,000 crore raised successful a akin auction 2 months ago, the state’s full gross from e-auctions present stands astatine Rs 5,000 crore, reflecting increasing nationalist assurance successful Punjab’s existent property sector.
The e-auction, which began connected October 18, concluded yesterday. Mundian highlighted the precocious level of information arsenic a testament to the government’s efforts to pull investors. He besides assured that palmy bidders would person possession of their properties arsenic scheduled. The auctioned sites, dispersed crossed Mohali, Amritsar, Patiala, Ludhiana, Bathinda, and Sangrur, included a petrol pump tract successful Mohali’s IT City that fetched Rs 31.16 crore, a radical lodging tract successful Sector 78 auctioned for Rs 163.87 crore, and a edifice tract besides successful Sector 78 for Rs 33.47 crore.
According to the minister, revenues from the auction were led by GMADA with Rs 1,894 crore, followed by GLADA with Rs 61.75 crore, PDA with Rs 59.62 crore, ADA with Rs 16.30 crore, BDA with Rs 16.08 crore, and JDA with Rs 12.25 crore.
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