Jalandhar, August 17

After a prolonged lull, e-auction of six properties by the Kartarpur Improvement Trust, on Tuesday yielded an amount of Rs 5.98 crore.

While properties, including five SCOs and a residential property in its scheme area of Guru Arjun Dev Nagar on Kishangarh road went for more than double the reserve price, an SCO also went for three times the base price. While the base price for the five SCOs was Rs 29 lakh, they went for price in the range of Rs 83 lakh to Rs 90.2 lakh. Even the residential plot for which the reserve price was fixed at Rs 62.05 lakh went for Rs 1.27 crore.

Chairman of Kartarpur Improvement Trust Rana Randhawa said, “We managed to sell the properties through e-bidding. We have also received 16 per cent earnest money from buyers.” — TNS