Punjab’s development authorities have earned revenue amounting to Rs 54.51 crore by auctioning industrial plots and commercial properties including a multiuse site, booths, shops, double-story shops and residential plots situated across the state.

An official spokesperson said Punjab Urban Development Authority (PUDA) and other special development authorities including Greater Mohali Area Development Authority (GMADA), Patiala Development Authority (PDA), Jalandhar Development Authority (JDA), GLADA, Amritsar Development Authority (ADA) and Bathinda Development Authority (BDA) had put up various properties for e-auction which started on 1 September.

The spokesperson said GMADA successfully auctioned IT industrial plots situated at IT City besides auctioning SCOs (shop-cum-offices) and residential plots situated in different sectors of SAS Nagar. From the auction of these properties, GMADA earned an amount of Rs 24.89 crore.

He further said that from the auction of various OUVGL properties (optimum Utilization of vacant Government Lands), PUDA received an amount of Rs 20.31 crore.

“Revenue to the tune of Rs 2.60 crore by PDA, Rs 3.90 crore by GLADA, Rs 1.43 crore by BDA, Rs 85.50 lakh by ADA and Rs 53.38 lakh by JDA was received from the auction of properties falling under the jurisdiction of these development authorities,” he added.

The spokesperson informed that Properties auctioned are situated in Patiala, Ludhiana, SAS Nagar, Jalandhar, Bathinda, Amritsar, Gurdaspur, Batala, and Malout. Successful bidders would be handed over the possession of the sites as per auction schedule. Earnest money of unsuccessful bidders shall be refunded soon.