Property Dealers

E-public sale of properties fetches Rs 52.36 crore

The Greater Mohali Area Development Authority (GMADA) has earned Rs 9.26 crore from the sale of eight booth websites and one residential plot in the e-public deal, which concluded on Tuesday. The Department of Punjab Housing and Urban Development generated Rs 52.36 crore thru the ten-day e-auctioning of homes via 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

According to the department spokesperson, a complete of nine web sites underneath the jurisdiction of GMADA had been disposed of inside the e-auction. “The highest bid of Rs 1.Sixteen crores become acquired for a booth in Sector sixty-eight, followed via Rs 1.10 crore for the same website in Sector 60 here. “The different booth websites in Sectors 64 and sixty-one went for Rs 1 crore and Rs 85 lakh, respectively,” the spokesperson stated and introduced that a plot measuring 219.48 square in Sector 64 turned into auctioned for Rs 1.64 crore.
Shailendra Anand, former chairman of Mohali Property Dealers’ Association, termed the improvement of a high-quality signal for the actual property area.

The call for assets within the market has progressed, which is a great signal. Earlier, authentic consumers have lacked from the marketplace, and there has been an acute property droop. Now, homes have started fetching correct rate, which is evident from the presently held e-auctions via GMADA,” Anand stated. Meanwhile, a school website in Sector 32-A at the Chandigarh-Ludhiana avenue earned Rs four.89 crore. Besides, revenue to the song of Rs 14.37 crore in GLADA, Rs 5.17 crore in PDA, Rs three. Sixty-four crore in BDA, Rs 11.26 crore in JDA and Rs eight. Sixty-six crore in ADA become generated inside the public sale.

Judith Barnes

I am a freelance writer and blogger based in New York City. I love to write about home design, landscaping, architecture, gardens, real estate, and exterior design. I also run a blog called Mypropertal, where I share tips about home and garden improvement projects. In addition to writing, I work part-time as a social media manager for a real estate company in NYC.

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