Wednesday, December 23, 2009

Commercial site Auctions In Chandigarh

The auction for commercial was better as compared to the previous auction held in October 2008.Of the 104 commercial sites selected for auction, the UT Estate Office found takers for only 12 sites, including six lodge-cum-restaurant (LCR) sites, one booth and five shop-cum-offices (SCOs).

Sector 43-B six sites were bought.The highest bid was for a three-bay LCR site in Sector 43-B for Rs 12.21 crore, as against the reserved price of Rs 6.64 crore.

A similar site in the same lane in Sector 43-B was purchased Rs 12.14 crore. Another two-bay LCR site in Sector 43-B was sold for Rs 9.20 crore. The other three LCR sites that fetched the maximum price are also located in Sector 43-B and were auctioned for Rs 8.30 crore, Rs 8.50 crore and Rs 8.59 crore.

While two booths were auctioned last year for Rs 60.6 lakh and Rs 57.1 lakh, a booth in Sector 7 auctioned today fetched Rs 59.5 lakh.

Two single-bay SCOs in Sector 32 and Sector 39-D were sold at Rs 3.10 crore and Rs 2.58 crore, respectively, and another single-bay SCO in Sector 32 was sold for Rs 2.73 crore.

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