GLADA auctions commercial site for Rs 50.33 crorehttps://indianexpress.com/article/cities/ludhiana/glada-auctions-commercial-site-for-rs-50-33-crore/

GLADA auctions commercial site for Rs 50.33 crore

The Greater Ludhiana Area Development Authority (GLADA) on Thursday auctioned one of its commercial sites located near Westend Mall.

The Greater Ludhiana Area Development Authority (GLADA) on Thursday auctioned one of its commercial sites located near Westend Mall. The auction for this one-acre site was held at GLADA office. The site’s reserved price was kept at Rs 48.15 crore and it was auctioned for Rs 50.33 crore,registering a hike of only 4.52%. Only five bidders participated in the process. The auction was led by additional chief administrator,GLADA,Baldev Singh and R K Popli,estate officer,GLADA.

Canal water system: Verma meets CM,World Bank officials

At a meeting held with Chief Minister Parkash Singh Badal in Chandigarh on Thursday,MC Commissioner R K Verma discussed canal-based water supply for Ludhiana and Amritsar with officials of the World Bank. “A preliminary meeting was held and various aspects of the canal system were discussed. The state government will now finally write to Government of India for seeking assistance for these two cities to set up the canal system,” Verma told Ludhiana Newsline.