Parking lots fetch even lower prices in re-auction

The re-auction of the paid parking lots that had come under a scanner due to the low prices being fetched witnessed even lower prices being offered.

Written by Express News Service | Chandigarh | Published:February 22, 2012 2:07 am

The re-auction of the paid parking lots that had come under a scanner due to the low prices being fetched witnessed even lower prices being offered. The attempt by the Municipal Corporation to re-auction the parking lots failed to yield a better result.

Last month,the civic body had organised auction of five paid parking lots. Of these one found no taker,three others were auctioned for prices lower than what these received when auctioned earlier. The auction observers objected to this and demanded that the parking lots that fetched lower prices not be allotted and instead be re-auctioned.

The paid parking lot at Lake Club that fetched Rs 14.90 lakh against the reserve price of Rs 14.29 lakh. This parking lot had fetched Rs 18.90 lakh during the auction in January. Meanwhile the paid parking lot near CMC fetched Rs 17.05 lakh against the reserve price of 16.67 lakh. In the auction in January this paid parking lot fetched Rs 21.50 lakh.

Just one parking lot,in Sector 34 fetched a marginally higher price than that auctioned in January. This was auctioned for Rs 21.62 lakh. There were no takers for the paid parking lot near MOH office.

Some contractors have meanwhile complained to the Municipal Commissioner against the auction. They have claimed that after the last auction parking lots were not allotted after claims made about low prices. Therefore this auction should be reconsidered.

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