HUDA offers 50 commercial sites in Panchkula

The Haryana Urban Development Authority (HUDA) in a first of its kind move in the past 16 years has decided to offer 50 commercial sites in e-auctioning on December 6 in Panchkula. The sites include booths, double-storied shops and shops-cum-office (SCO) in the main city centre at Sector 5. Besides, some constructed booths and empty sites will also be auctioned. Interested bidders will have to register themselves online by December 4 and that the e-auction will be held between 9 am and 2 pm, Estate Officer Vimal Deep said. It may be recalled that HUDA failed to get any bidder for 10 commercial sites during an e-auction held on November 12, wherein the 10 commercial sites included a hotel site in Sector 10 worth ₹72 crore and a school site in the MDC, Sector 6, the reserve price of which was ₹35 crore. According to Suresh Aggarwal and Jagdeep Atri, members of the Haryana Property Dealers Association, HUDA had fixed rates of commercial and residential sites on a par with those in Gurugram and Delhi and that the prices were even higher than Chandigarh as a result of which no one showed interest in the auctioning.