Summary:
Seven residential plots, 80 commercial sites on the block, auction will conclude on Nov 11Our CorrespondentLudhiana, November 1Another mega e-auction of the Greater Ludhiana Area Development Authority (GLADA) for sale of seven residential plots and 80 commercial sites, including shops, booths, shop-cum-flats (SCFs) and shop-cum-offices (SCOs), commenced this morning and would conclude on November 11 at 3 pm. The total reserve price of the properties put on the block is almost Rs 95 crore. According to GLADA officials, five residential plots in Dugri Phase III-A and two in Dugri Phase I (with area varying between 83.64 and 251 sq m) are being offered with a floor price of Rs 38,185 and Rs 44,092 per sq m, respectively. In addition, five SCFs in Sector 39, opposite Sacred Heart School, would also be sold in the e-auction. As per the offer document, the intending bidders would have to deposit eligibility fee of Rs 1 lakh for booths and shops, Rs 2 lakh for residential plots and Rs 3 lakh of two per cent of the reserve price whichever is higher for SCOs and SCFs..