Panchkula:HUDA earns in Rs 59 crore through auction

Commercial sites Auction by the Haryana Urban Development Authority (HUDA) witnessed lukewarm response as of the 38 sites put up for auction, just nine sites went under the hammer. But HUDA got richer by Rs 59 crore. The authority had held its last commercial auction in 2008, which had also witnessed a cold response from bidders.

The auction was held in the HUDA office in Sector 6 for various categories of commercial sites i.e. shop-cum-offices (SCOs), booths, three-storey shops, double-storey shops and kiosks.

The highest amount was fetched by an SCO site in Sector 14, which went for Rs 13.79 crore against its reserved price of Rs 13.70 crore. This was followed by an SCO in Sector 11 that went for Rs 12.17 crore against the reserved price of Rs 12.06 crore.

The cheapest SCO site was from Sector 3, which was auctioned for Rs 3.58 crore against the reserved price of Rs 3.16 crore.

An SCO in Sector 16 and two in Mansa Devi Complex, Sector 5, went for Rs 8.27 crore, Rs 6.65 crore and Rs 5.88 crore, respectively.

In the smaller segment, a double-storey shop (DSS) site in Sector 20 — No. 313 (corner) — went for Rs 4.53 crore against the reserved price of Rs 4.43 crore, while another site (No. 317) went for Rs 4.01 crore against the reserved price of Rs 3.87 crore.

Also, a kiosk in Mansa Devi Complex, Sector 4, went for Rs 22.90 lakh against the reserved price of Rs 22.70 lakh.

Bid cancelled

A property dealer, Bhupinder Singh, successfully bid for a corner booth in Sector 17 for whopping Rs 1 crore against the reserved price of Rs 49.47 lakh. After the auction, however, he failed to deposit the 10 per cent earnest money. In the evening, HUDA forfeited 2 per cent (Rs 50,000) of the reserved price and cancelled the bid for the booth.

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