Punjab Urban Planning and Development Authority (PUDA) is inviting companies/individuals for the auction of 8.18 acres of freehold commercial / residential site for offices / retail / hotel / housing at Ludhiana. The reserved price of the site has been kept 415.71 crore.
The date of the auction will be Tuesday, 24th June, 2014 at 11.00 am an the venue is the site itself. The site is located Opposite to the DC Office, Ferozepur Road in Ludhiana.
Details of site offered for auction
| Location | Area | Reserve Price | Rate | Eligibility Fee |
| Opp. DC Office, Ferozepur Road, Ludhiana | 8.18 acres (39.591.2 sq. yd.) 33103 sq. mtr. | Rs. 415.71 Crore | Rs. 1,05,000/- per sq. yd. OR Rs. 1,25,580/- per sq. mtr. | Rs. 5 Crore |
Location of the site
Building Controls
F.A.R: 1:3
Land Use: Commercial & Group Housing Maximum Ground Coverage: 40%
Residential: 30%
Height: No restriction (Subject to Clearance from Air Force Authorities)
Basement: Multi level basement is allowed in zoned area for parking only
Possession against 20% payment. 2 year moratorium before first installment falls due. Site is exempted from license under Section 44 of PAPRA.
Detailed terms and conditions can be obtained from the office of Estate Officer, PUDA, Ludhiana.