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June 20, 2024 4:10 am

Jalandhar Development Authority starts e-auction of commercial and residential properties

The Fact News Service
Chandigarh, November 24

Jalandhar Development Authority (JDA) has started the e-auction of commercial, residential properties and a chunk site situated in various cities falling under its jurisdiction. The e-auction has been started and will conclude on December 7, 2022, at 1.00 PM.

Giving details an official spokesperson of Housing & Urban Development Department revealed that properties offered in the e-auction include 62 commercial sites (36 SCO/SCF/SCS & 26 Booths/ Convenient Booths/Strip Booths) and 54 residential plots. These properties are situated at different locations in Jalandhar, Mukerian, Kapurthala & Sultanpur Lodhi. A chunk site situated at Gandhi Vanita Ashram Site, Kapurthala Road, Jalandhar having a reserve price of Rs. 14.22 crore is also being offered in the e-auction, he added.

In the last e-auction held in the month of October this year, JDA had successfully auctioned properties amounting approximately to Rs. 19 crores, stated the spokesperson.

He informed that Bidders will have to register themselves on the e-auction portal for participating in the bidding process. The terms & conditions of the e-auction are also available on this portal. Possession of the auctioned sites shall be handed over to the successful bidders within 90 days from the issuance of allotment letter. Details pertaining to the properties including reserve price, nature, location plans, payment and other terms & conditions could be seen on the e-auction portal, he added.

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