Investment of Rs.51 crore in Chandigarh

In a meeting held by F&CC the Finance and Contract Committee of the Municipal Corporation of Chandigarh (MCC) recommended Rs 51 crore as reserve price of a 2.62 acre hotel site in Sector 35. The Reserve Price Fixation Committee of Corporation had earlier fixed the same at Rs 50.50 crore. An MC official said the price was increased by Rs 50 lakh keeping in view the growing demand of land in Chandigarh. This hotel site is on lease-hold basis.The committee also accorded approval to various other agenda items .


The committee also accorded approval to reserve price of school sites in Manimajra including high school on 2 acres at Pocket No. 11 at Rs 4.13 crore, high school on 2 acres at Pocket No. 7 at Rs 4.13 crore, high school on 2 acres at Pocket No.8 at Rs 4.13 crore and primary school on 1.15 acres at Pocket No.10 at Rs. 2.38 crore, allotment of Verka Booth in Manimajra to a handicapped person as an exceptional case for three year-lease (extendable).
Source:http://cities.expressindia.com/

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