E-public sale of houses fetches Rs 52.36 crore

Mohali, February 12

The Greater Mohali Area Development Authority (GMADA) has earned Rs 9.26 crore from eight booth websites and one residential plot in the e-public sale, which concluded on Tuesday. The Department of Punjab Housing and Urban Development generated Rs fifty-two. 36 crore thru the ten-day e-auctioning of properties with the aid of the GMADA.

Patiala Development Authority (PDA), Bathinda Development Authority (BDA) and Greater Ludhiana Area Development Authority (GLADA), Amritsar Development Authority (ADA), and Jalandhar Development Authority (JDA).

E-public sale of houses fetches Rs 52.36 crore 1

According to the spokesperson of the department, a complete of nine sites below the jurisdiction of GMADA were disposed of within the e-public sale. “The highest bid of Rs 1.16 crore become received for a booth in Sector 68, followed using Rs 1.10 crore for the same site in Sector 60 right here.

The different sales space websites in Sectors 64 and 61 went for Rs 1 crore and Rs eighty-five lakh, respectively,” the spokesperson said and brought that a plot measuring 219. Forty-eight sq.M in Sector 64 was auctioned for Rs 1. Sixty-four crore. Shailendra Anand, former chairman of Mohali Property Dealers’ Association.

Termed the development a fantastic signal for the real property arena right here. “The demand for belongings inside the marketplace has progressed, which is a great signal. Earlier, genuine buyers had lacked from the market, and there was an acute property slump. Now, homes have started fetching accurate rates, which is clear from the currently held e-auctions with the aid of GMADA,” Anand stated.

Meanwhile, a faculty website in Sector 32-A at Chandigarh-Ludhiana street earned Rs 4.89 crore. Besides, sales to the track of Rs 14.37 crore in GLADA, Rs five.17 crore in PDA, Rs 3. Sixty-four crore in BDA, Rs 11.26 crore in JDA, and Rs 8. Sixty-six crore in ADA turned into generated in the public sale.

Eddie Bowers
Eddie Bowershttp://homezlog.com/
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