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.
Chandigarh's real estate association condemns proposed collector rate hikes, citing threats to affordability and stalled market growth due to existing registration bans.