Chandigarh to auction off land for SCOs for Rs.12 bn
Real Estate

Chandigarh to auction off land for SCOs for Rs.12 bn

In lieu of the previously proposed plan to auction off a sizable portion of land to private parties for the development of a shopping mall, the UT administration has decided to auction off individual units, including shop cum offices (SCOs), in the vacant land in sectors 52 and 56 worth...

In lieu of the previously proposed plan to auction off a sizable portion of land to private parties for the development of a shopping mall, the UT administration has decided to auction off individual units, including shop cum offices (SCOs), in the vacant land in sectors 52 and 56 worth Rs.12 billion. The UT administration would use 25 acre in Sectors 52 and 56 to create banquet halls and green belts in addition to commercial areas with SCOs. This project will cost Rs.12 billion. Contact: Chandigarh Administration Website: chandigarh.gov.in

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