Punjab Newsline, Chandigarh, October 30-
Development authorities working under the Department of Housing and Urban Development have earned revenue of Rs 2060 Cr from the e-auction of various properties. The auctioned properties include group housing, petrol pumps, hotel sites, SCOs, booths, and industrial and residential plots under the jurisdiction of development authorities.
Housing and Urban Development Minister Hardeep Singh Mundia said that the credit for the success of e-auction goes to the transparent and investment-friendly policies of the State government led by Chief Minister Bhagwant Singh Mann. He said that two months ago, Rs. 3000 Cr was earned and now adding today’s amount has earned a total of Rs 5000 Cr through e-auctions which proves that the public’s confidence in the real estate sector is increasing due to the constructive urban development policies of the government.
Mundia said that the e-auction, which started on October 18, ended late yesterday evening. He said that the overwhelming response to the e-auctions conducted over one month is clear that the Chief Minister’s efforts to bring investors to the state have been successful.