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Closeout of private plots by Jaipur municipal body finds no takers

March 29, 2016 | By

The Jaipur Municipal Corporation’s (JMC) endeavor to acquire income subsequent to offering its private properties totally fizzled as it didn’t discover any purchasers, on today.


The JMC had sorted out a closeout to offer its 36 private plots in Tathar plan. The urban body had settled a rate of Rs 15,000 for every square meter, nonetheless, no purchaser took an interest in the closeout process. Thus, the closeout sorted out to offer the business units in Gandhi Enclave did not discover any purchasers and authorities needed to return with hardly a penny.

A JMC official said, “As land business sector is confronting a droop, there are no financial specialists for private properties. The JMC has altered a sensible rate to begin the offering. The closeout will be sorted out once more.”

Official sources educated that JMC has altered higher base cost and this is the reason it neglected to discover any takers. “The costs altered were too high and this demoralized the purchasers,” included source. In the interim, the JMC filled its coffers in the wake of offering four business units arranged at Rajasthan Police Academy street. An authority said, “We have earned an income of Rs 82.27 lakh in the wake of offering four shops. The measure of the shops was 14 square meter and JMC altered Rs 1.43 lakh as the base cost for offering.”

The JMC is currently peering toward the Sanjay Nagar shops to gain some income after its fizzled endeavor on Monday. On Tuesday, the JMC would arrange a sale to offer four shops and 45 business plots in Sanjay Nagar. An authority educated that JMC has altered Rs 45 lakh for the business plots.

“We have as of late expelled infringement from the range and a street. As these plots are amidst the city, we are expecting a substantial number of buyers to take an interest in the offering process.”

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