Wednesday, April 25, 2007

550 acres of land to be auctioned from today

550 acres of land to be auctioned from today

Staff Reporter

Government hoping to net a substantial sum after the revaluation of guideline value

BANGALORE: Notwithstanding the opposition, the auction of government lands in Bangalore Urban district that have been recovered from encroachments will commence from Wednesday at the office of the Deputy Commissioner (Bangalore Urban).

Over 550 acres of government land that were recovered would go under the hammer in phases.

Officials in the Deputy Commissioner's office said the Prevention of Unauthorised Construction Cell was coordinating the auctioning and the process would continue till Monday.

"On an average, eight individuals/ institutions have evinced interest in bidding for each block of land that will be auctioned," the sources said.

Bidders were given time till 5.30 p.m. on Tuesday to deposit the money.

Sources said they were expecting a good turnout from Wednesday as land in and around Bangalore was in high demand.

With the revision of guidance value for properties in Bangalore recently, officials said, auction could fetch good amount to the Government.

Nearly 290 acres in different survey numbers of different villages coming under Bangalore North taluk alone would be auctioned on different days.

On Wednesday, 102.03 acres of land in Anekal, Bangalore North and South taluks would be auctioned. They include recovered lands in Chikkanaganamangala, Gattihalli, Harappanahalli and Singena Agrahara villages in Anekal taluk, Ravuttanahalli in Bangalore North taluk and Muddaiahnapalya and Yalachiguppe villages in Bangalore South taluk. Besides, 59.02 acres in Bangalore North (Additional) and North taluks would be auctioned on Thursday while 97.35 acres in Bangalore South and Anekal taluks would be auctioned on Friday.

Biggest chunk

The biggest chunk of land would be auctioned on Saturday with 254.14 acres in Bangalore North taluk made available for buyers.

In East and North (Additional) taluks, 48.19 acres of land would be auctioned on Monday.


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