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Punjab properties fetching high

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Punjab is in the headlines again after a long time and as reported by the sources at the www.propertykhazana.com the state has restored its position in the Indian realty sector. A 4.5 acre measuring commercial land was auctioned by the Bathinda Development Authority for Rs. 46 crore per acre and the deal ended with Rs. 184 crores fetch.
Speaking to the www.propertykhazana.com BDA officer stated that 4 bidders across India took part in the auction and finally it was Delhi based Best City Developers Private Limited grabbed the deal. Prior to this Punjab Urban Development Authority had auctioned a 2.94 acre for whooping sum of Rs. 105 crores to the Reliance Group and similarly, a 5000 Sq.Yds commercial site in Ludhiana fetched Rs. 77 crores and these are the biggest realty auctions held in Punjab so far.
Punjab CM’s Media Advisor Mr. Harcharan Bains said at the www.propertykhazana.com that the auctions conducted by the BDA are fetching good returns and playing major role in fund raise to the newly formed BDA and for the overall development of Bathinda. Mr. Bains also added that the Punjab Urban Development Department is proposing many housing and commercial projects in the suburban’s and the state government is geared up to bring huge developments in the sector alike the neighboring states and cities. Further the Government of Punjab is teamed-up with the Singapore based Jurong International for the Master Plan implementation in Mohali and Amritsar zones, added Mr. Bains.

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