Curation Team
LUCKNOW: At a mega e-auction held on Sept 30, the UP Housing and Development Board offered 992 properties.
These included 391 residential and 601 non-residential properties across cities like Lucknow, Kanpur, Agra, Aligarh, Moradabad, Ghaziabad and Kasganj.
The properties included commercial and residential plots, institutional plots, group housing, and IT city plots.
The auction is expected to generate revenue of about Rs 1,168.43 crore. The registration process was facilitated through a digital auction portal, which began on Sept 18.
“The potential proceeds will be used by the board to develop new housing projects, improve infrastructure and provide affordable housing to citizens. The auction sets a new benchmark in UP’s real estate sector and reinforces the state’s commitment to economic growth and self-reliance,” said a govt spokesperson.
