The UT Estate Office in Chandigarh has launched a groundbreaking policy for monthly e-auctions of more than 700 freehold residential plots in prime sectors. This follows a record-breaking September auction yielding ₹168.85 crore, doubling reserve prices, to enhance market liquidity and set transparent benchmarks in India's priciest real estate hub.
Gurgaon property owners are urging the state government to implement an amendment to industrial area property rules. They oppose HSIIDC's lease fee for freehold plots, citing a violation of the Transfer of Property Act.