Working on additional improvement of Industrial Area’s Phase 3, the UT Estate Office has ready an inventory of 30 industrial plots that can be auctioned quickly.

A senior official of the UT Estate Office mentioned, “These plots are located in Phase 3, Industrial Area. These will be auctioned to invite more industry and increase industrial activity in the city.”

He added that particulars concerning the plots’ reserve worth and public sale date can be determined quickly.

Three industrial areas have been earmarked for industries in Chandigarh. The first part has been developed on 776.14 acres, whereas Phase 2 has come up over an space of ​​486 acres.

According to the industries division of the UT administration, Phases 1 and a pair of have been fully developed, whereas Phase 3 is arising on an space of ​​153 acres.

In February final yr, UT administrator Banwarilal Purohit had approved the sale of unsold leasehold industrial, residential, business and institutional properties on freehold foundation, a transfer aimed toward unlocking crores of income for the administration by eliciting extra consumers and bettering ease of doing enterprise within the metropolis.