+
Chandigarh government will auction off land for SCOs for Rs 1,200 crore.
Real Estate

Chandigarh government will auction off land for SCOs for Rs 1,200 crore.

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 1,200 crore.

The UT administration would use 25 acres of land in Sectors 52 and 56 to create banquet halls and green belts in addition to commercial areas with SCOs. This project will cost Rs 1,200 crore. Dharam Pal, a UT advisor, requested an urban planning department proposal for the use of the area last year.

Also read:
NTPC co-fires 77k t biomass at 14 thermal power plants
GVMC corporators to go on a smart cities study tour

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 1,200 crore. The UT administration would use 25 acres of land in Sectors 52 and 56 to create banquet halls and green belts in addition to commercial areas with SCOs. This project will cost Rs 1,200 crore. Dharam Pal, a UT advisor, requested an urban planning department proposal for the use of the area last year.Also read: NTPC co-fires 77k t biomass at 14 thermal power plantsGVMC corporators to go on a smart cities study tour

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code