Tag: residential plots in Chandigarh

Latest StoriesResidential

Chandigarh to Auction 10 Residential Sites Starting June 2

Representative AI image CHANDIGARH: The Chandigarh administration is preparing to auction 10 residential sites starting Tuesday. The available plots range from 100 to 502 square yards and will be offered via e-auction later this month. Bidders are invited to submit applications and their earnest money deposit (EMD) from June 2 to June 23. The reserve prices for the plots span from Rs 3.3 crore to Rs 16.5 crore, contingent on plot size. An additional 5% fee will be incurred for corner lots. Applications will be scrutinized and documents approved from June 24 to June 26. The e-auction will occur from…

Latest StoriesResidential

1,014 sq yd plot sells for ₹33.4 crore in Chandigarh

Representative AI image CHANDIGARH: The real estate market in Chandigarh is booming. The latest auction by the UT estate office concluded on Thursday, achieving record bids that indicate a rise in investor confidence and soaring property prices. A residential plot in Sector 33, spanning 1,014 sq yards, commanded a striking Rs 33.4 crore—over twice its reserve price of Rs 14.9 crore. Even the smallest offered plot, at just 126 sq yards, sold for ₹4 crore against a reserve of Rs 1.7 crore. The auction netted a total revenue of Rs 168.85 crore, significantly surpassing the reserve price of Rs 75.29…