Commercial & residential properties up for grab in Chandigarh
Out of the 101 commercial properties, 99 will be auctioned on leasehold and the remaining on freehold basis. The reserve price and earnest amount will vary for property according to size, area and location. On the other hand, all 53 residential properties will be e-auctioned through freehold basis. Thirty of them are new and for the rest it will try to find takers after failing to find any in the previous auction. The authority has also reduced the 15% reserve price of leasehold commercial properties which is likely to attract more bidders.