CHANDIGARH: Punjab cabinet has decided to reduce the prices of various properties of GMADA (Greater Mohali Area Development Authority) as per the report submitted by the independent evaluators. The government has amended the guidelines for e-auctions related to determining reserve prices for various residential, commercial plots, institutional/industrial sites and others. It has been decided that development authorities will appoint three independent valuers empaneled by nationalized banks / Income Tax Department to assess the rates of such sites.
For sites that have not sold in the previous two or more auctions, the average of the rates reported by these valuers will be considered as the criterion for determining the reserve price after approval from competent authority. The observations of the Committee have been considered for deciding the rates and these will be valid for one calendar year. However, for need based changes within the calendar year, approval shall be granted at the level of Minister in charge of the department of Housing and Urban Development.
Amnesty Policy 2025 extended for plot allottees
In a big relief to the allottees of plots, the Cabinet also gave approval to the extension in the Amnesty Policy 2025 for allotted/auctioned plots under various schemes of the Housing and Urban Development Department. This will allow the default allottees of the Special Development Authority to apply one more time under Amnesty Policy 2025 before the cutoff date March 31, 2026 and allow the Allottee to deposit the requisite amount within three months of its approval to the concerned Special Development Authority. The allottee who is interested to avail the benefit under this policy will have to submit an application before the cutoff date i.e. March 31, 2026.
Approval for desilting of River Sutlej
The Cabinet also gave approval to NHAI (National Highways Authority of India) or its agencies to carry out the desiltation in River Sutlej at the sites allotted by the Department of Water Resources at ₹3 per cubic feet i.e. the price at which desilting contract at Siswan Dam was executed. The approval comes with the further condition that the above said price shall be available to NHAI or its contractors/agencies only till June 30th, 2026 for providing simple earth to NHAI for construction of road projects namely Ludhiana to Ropar. Nod was also granted exemption from the provisions of Section 63 of the Punjab Transparency in Public Procurement Act 2019.