Greater Mohali development body extends property auction
The Punjab department of housing and urban development has decided to extend its first ever e-auction by a week due to problems faced by applicants to access the e-portal designed for the auction of residential, commercial, and institutional property. The auction had started on September 21 and was to conclude on October 4. It is now re-scheduled to conclude at 3pm on October 11. The department is of the view that the extension will give the prospective bidders a fair chance and increase transparency of the process.
The total value of property offered for auction is Rs 500 crore, approximately. The sites are at Mohali, Ludhiana, Patiala, Jalandhar, Bathinda, Amritsar, Batala, and Gurdaspur.