punjab-to-auction-2-000-cr-govt-land-in-13-towns

The Punjab government is set to auction land and properties worth Rs 2,000 crore in 13 towns.

These include residential, commercial, and institutional sites in cities like Mohali, New Chandigarh, Ludhiana, Jalandhar, Amritsar, and Patiala. The Punjab Urban Development Authority (PUDA) and other state development authorities will conduct an e-auction from March 12 to March 22.

The auction will offer group housing plots, school sites, commercial plots, and properties such as SCOs, SCFs, and booths.

According to GMADA officials, successful bidders will get the site allotment after paying just 10 per cent of the final bid price. They will receive possession once they deposit 25 per cent of the bid amount.

Earlier, in September and October 2024, PUDA and other regional authorities auctioned properties worth over Rs 2,000 crore.

 

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