PUDA Makes 7 Crore In Auction

The day began on a promising note for the Punjab Urban Planning and Development Authority (PUDA) as it made 7 crore on April 26.

PUDA made the said profit after auctioning its two residential schemes, SCO (shop cum office) and 2 booths.

The report said that the date for the remaining commercial as well as residential plots has not been fixed up till now.

Puneet Kaur Shergill, PUDA officer, that after finalizing two new locations for residential plots, they have started the selling process from Friday.

She also told that they started bidding for residential and commercial plots at 11.7 acre land opposite PUDA office and 25.5 acre land at Rajpura Road (Jass Marriage Palace).

During bidding process, under the 11.7 acre land plan, around 6 residential plots, 2 SCOs and 2 booths got sold.

In the same way, 1 residential plot from 25.5 acre land plan got sold.

She added that PUDA made a profit of around 7 crore from the bidding process.