Punjab: E-auction of 130 properties to start from Dec 11

Published on: 30 Nov 2022 at 06:43 PM

Published by: The fact news

The Fact News Service

Chandigarh, November 30

Greater Ludhiana Area Development Authority (GLADA) will conduct an e-auction of commercial, residential and institutional sites in December.

The e-auction is scheduled to commence on December 11 at 09:00 AM and would end on December 20, 2022, at 01:00 PM.The sites offered in the e-auction are worth purchasing as these are available at reasonable rates, stated an official spokesperson of the Housing & Urban Development Department.

A total of 130 sites would be available for bidding which includes 14 residential plots, 115 commercial sites (41-SCOs, 28-SCFs, 24-Booths and 22-shops) and an institutional site. These properties are situated in different localities in Ludhiana, Moga, and Ferozepur.

A very convenient payment plan has also been offered, he informed, adding that the successful bidders would get the possession of properties on 25% payment and rest of the amount would be payable in installments along with 9.5% per annum interest.

Details pertaining to properties such as the reserve price, location plan, detailed payment plan etc. would be uploaded on the portal www.puda.e-auctions.in before commencement of e-auction.

Interested bidders could go through the details before placing their bid, informed the spokesperson.