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Punjab: E-auction of residential, commercial properties to start from Jan 2

Written by  Shefali Kohli -- December 20th 2022 09:31 PM
Punjab: E-auction of residential, commercial properties to start from Jan 2

Punjab: E-auction of residential, commercial properties to start from Jan 2

Chandigarh, December 20: Amritsar Development Authority is gearing up to conduct the e-auction of prime properties situated in different cities falling under its jurisdiction. The move comes ahead of the New year. 

Sites which have been put up for e-auction include 52 residential plots, 12 shop sites, 14 SCOs and a school site.


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The e-auction would start at 9 am on January 2, 2023, and conclude at 1 pm on January 12, 2023, informed an official spokesperson of the Housing and Urban Development Department, while adding that all the properties being made available for bidding are ideally located for making a home or start a new venture.

He stated that the price of residential plots would start from Rs 15.69 lakh and commercial properties start ranging from Rs 47.40 lakh.


The school site which is spread over an area of 3440 sq mtr , situated at PUDA Avenue, Gurdaspur, has been priced at Rs 6.86 crore.

Successful bidders will get the possession of properties on a 25 per cent payment and the rest of the amount would be payable in instalments along with 9.5 per cent per annum interest, he added.

Details pertaining to the properties including reserve price, location plan, payment plan and others would be made available on the portal www.puda.e-auctions.in prior to the commencement of the e-auction.

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Interested bidders can scroll down  the details before bidding for the sites they are interested in, said the spokesperson.


- PTC NEWS

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