GLADA collects Rs 14.79 crore : The Tribune India

Join Whatsapp Channel

e-auction of five properties

GLADA collects Rs 14.79 crore

LUDHIANA: The Greater Ludhiana Area Development Authority (GLADA) raked in a little more than Rs 14.79 crore from sale of the five properties through e-auction, which concluded last evening.

GLADA collects Rs 14.79 crore


Kuldip Bhatia
Ludhiana, January 11

The Greater Ludhiana Area Development Authority (GLADA) raked in a little more than Rs 14.79 crore from sale of the five properties through e-auction, which concluded last evening.

Two shop-cum-offices (SCOs) in Dhandari Kalan, Phase IV, two residential plots in Sector 39-A on the Ludhiana-Chandigarh road and one cinema site in Dugri, Phase II, were sold at a marginal premium of nearly nine per cent over their reserve price of Rs 14.66 crore.

According to GLADA Estate Officer Sonam Chaudhry, two SCOs in Dhandari Kalan, Phase IV, with floor area of 137.24 sq metre each, were sold for Rs 1,04,676 and Rs 1,04,876 per sq metre, respectively, against their reserve price of Rs 1,04,476 per sq metre.

Two residential plots measuring 177.04 sq metre each in Sector 39-A on the Ludhiana-Chandigarh road were purchased for Rs 35,000 and Rs 35,100 per sq metre against their reserve price of Rs 32,150 per sq metre.

One cinema site with an area of 1486 sq metre in Dugri, Phase II, fetched a price of Rs 71,833 against the floor price of R 71,733.

GLADA had put on the block in all 20 properties worth Rs 42.63 crore for sale through an e-auction conducted from January 1 to 10. These include seven SCOs in Dhandari Kalan, three each in Dugri, Phase II/III, and Dugri, Phase II/III, bypass road, three booths in Dugri, Phase II/III, three residential plots in Sector 39-A and one cinema site.

No bids were offered for five SCOs in Dhandari, six SCOs and three booths in Dugri, Phase II/III, besides one residential plots (measuring 378.78 sq metre) in Sector 39-A, said GLADA officials.

These unsold properties, along with some others, would be sold in the next e-auction to be held in February, they added.

Top News

'When government changes...': Rahul Gandhi after Rs 1,800 crore fresh I-T notice to Congress

'When government changes...': Rahul Gandhi after Rs 1,800 crore fresh I-T notice to Congress

The Congress leader accuses the BJP of indulging in ‘tax ter...

Chief Judicial Magistrate's court in UP's Banda orders judicial inquiry into death of gangster-politician Mukhtar Ansari

UP court orders judicial probe into gangster-politician Mukhtar Ansari’s death, seeks report in a month

Ghazipur MP Afzal Ansari on Tuesday alleged that his brother...

‘Heart attack or poisoning’: The life and times of Mukhtar Ansari—crime and politics

‘Heart attack or poisoning’: The life and times of Mukhtar Ansari—crime and politics

Eastern parts of Uttar Pradesh are among the poorest regions...

CBI files chargesheet against 20 institutes, 105 individuals in Himachal Pradesh multi-crore scholarship scam

CBI files chargesheet against 20 institutes, 105 individuals in Himachal Pradesh multi-crore scholarship scam

22 educational institutions were on CBI radar in the scholar...


Cities

View All