Chandigarh administration finalises collector rate for Manimajra land pocket
CHANDIGARH: In a major step forward for urban development in the city, the Chandigarh administration has finalized the collector rate for the much-anticipated Manimajra land auction. The deputy commissioner’s office has pegged the rate at Rs 11,850 per square foot, valuing the 7-acre plot at approximately Rs 796 crore. This land is earmarked for a multi-storey residential society, and the municipal corporation (MC) is now actively preparing the terms and conditions for its disposal via e-auction. This clarification comes after months of uncertainty, with the MC previously unaware of the exact reserve price. The ministry of home affairs (MHA) had…