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

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?