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E-Auction second round begins; Ludhiana’s 66 properties available



Ludhiana Improvement Trust (LIT) has started its second round of e-auction from today. Starting from November 18, 2019, the registration for online bidders will go until December 2, 2019.

In the bidding process, there are 19 residential properties and 47 commercial properties for which bids will be accepted on December 5, 2019, from 10 am to 3 pm. As per the information given by Raman Balasubramaniam(Chairman of LIT), properties put on the block in the second e-auction include some at Kitchlu Nagar out of which 17 are with the area of 83.61 sqm starting from Rs 32,315 per sqm and then there are two properties of 112.87 sqm beginning with Rs 40,395 per sqm.

Intending bidders would have to deposit two percent of the total cost of the plot as an eligibility fee.

The LIT chairman said: “other commercials (built-up) properties put on sale were four booths (area 19.60 sqm each) and 19 booths (area 18.75 sqm each) at Maharishi Valmiki Nagar, three booths (area 18.75 sqm each) at Kitchlu Nagar and two booths (area 18.75 sqm each) at Shaheed Bhagat Singh Nagar Colony. The reserve price of the built-up booths ranges between Rs 11.53 lakh and Rs 14.50 lakh.”

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Author at Ludhiana Live Media. Her work combine elements of magic realism, satire and historical fiction – Based in Ludhiana and India.