Summary:
Even after extending date for submission of applications for 50 residential plots and sale of five commercial sites (SCOs) through e-auction till April 27 2021 only 10 applications were received for plots while just two SCOs were sold. According to GLADA officials in response to the latest offer 10 applications (all under general category) including seven for plots measuring 100 sqyds and three for 125 sqyds were. Not even a single application was received for the nine plots reserved for economically weaker sections (EWS). Glada Estate was launched in June last year with high hopes of attracting buyers but even after an year at least three offers made for allotment of residential plots and sale of commercial sites through e-auctions had received a tepid response from buyers. In the draw of lots on March 1 2021 only 17 plots were allotted to 19 applicants (under the general category) against the offer for 70 plots..