Real Estate Regains In Punjab

Published: December 21, 2007 at 5:38 PM | Author: Administrator
News Source: Punjab Newsline Network

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The Bathinda Development Authority (BDA) has auctioned a 4.5 acre commercial site in Bhatinda for Rs 184 crores. According to a spokesman, BDA had fixed the reserve price for this site which has been positioned as a multiplex-cum-mall at Rs 135 crore. Media Advisor to Chief Minister Punjab, Mr. Harcharan Bains said that the Bathinda auction was the largest ever real estate auction in the history of the State. A spokesman of the Housing and Urban Develpment Department Punjab stated that the Government took a series of measures to liberalize the housing sector and to promote well planned development of towns and sub-urban areas.