9 SCOs fetch civic body Rs 15 crore

The Ludhiana Municipal Corporation finally hosted a successful auction for nine SCOs (shop-cum-offices) near Hotel Keys and got maximum hike of 46 percent from reserved price of Rs 1.50 lakh per square yard for one shop-cum-office. The maximum bid went to Rs 1.96 lakh per sqaure yard while the minimum it fetched was Rs 1.53 per square yard for one shop-cum-office. The auction saw 39 bidders present for nine shop-cum-offices. "The total money MC fetched for nin shop-cum-offices is Rs 15 crore with maximum hike of 46 percent for one shop-cum-office from base price," said Surinder Bindra, assistant town planner.

It is to be noted that while only 21 bidders were present when MC auctioned 30 SCOs on Nov 26 (21 got auctioned).

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus