LIT offers 18 residential plots, 29 commercial sites for sale

Kuldip Bhatia

Ludhiana, April 29

The Ludhiana Improvement Trust (LIT) has offered for sale through e-auction 18 residential plots of varying sizes, 10 shop-cum-offices (SCFs), 15 booths and four special purpose shops in its various schemes.

The e-auction of the properties will be held on May 13 from 9 am to 3 pm, while the registration for bidders will remain open from 10 am on April 29 till 5 pm on May 10.

Intending bidders will have to deposit eligibility fee of 2 per cent of the reserve price or Rs 3 lakh, whichever is higher for SCFs and booths, and Rs 50,000 for residential plots.

As per the offer document, seven SCFs and one corner SCF, each measuring 181.5 sq yds in Bhai Randhir Singh Nagar have been put on the block with a reserve price tag of Rs 1,69,90,000, two SCF sites with area of 156.40 sq yds each will be sold in Maharishi Valmiki Nagar with a floor price of Rs 69,31,600 each, while 15 built-up booths will be available for sale with area of 23.44/22.68 sq yds each in Maharishi Valmiki Nagar. The booths carry a reserve price of Rs 12,73,625 and Rs 12,38,390, respectively.

In addition, four special purpose shops, reserved for coal depot, printing press, atta chakki and bakery, with an area of 68.04 sq yds each in Maharishi Valmiki Nagar will be put under the hammer at a reserve price of Rs 26,65,670.

Among 18 residential plots in the lot, 13 plots are in Kitchlu Nagar with size varying between 100 and 500 sq yds each, two in Model Town Extension (197.90 and 500 sq yds), one each in Rajguru Nagar (250 sq yds), Bhai Randhir Singh Nagar (100 sq yds) and Shaheed Bhagat Singh Nagar (493.75 sq yds).

These residential plots carry a reserve price ranging between Rs 27,940 and Rs 56,200 per sq yd depending upon prevailing prices in the respective colonies and location of the plots.

2% eligibility fee have to be deposited

Intending bidders will have to deposit eligibility fee of 2 per cent of the reserve price or Rs 3 lakh, whichever is higher, for SCFs and booths, and Rs 50,000 for residential plots.