Chandigarh, 2 March 2025 — Chandigarh’s cash-strapped municipal corporation (MC) is planning to auction a prime 6.9-acre land parcel in Shivalik Enclave, Manimajra, to tackle its financial crisis. Expected to fetch at least ₹200 crore, the land—reserved for a residential society under the city’s master plan—is located in Pocket 6 near Panchkula.
Municipal commissioner Amit Kumar said MC has sought zoning approval from the UT administration. “The chief architect’s office has confirmed it will take about a month to complete the documentation, after which the bidding process can begin,” he said.
At the prevailing collector rate of ₹58,687 per square yard, the sale is estimated to generate ₹195.36 crore. However, with the UT administration considering a rate hike, the final amount could be higher.
Mayor Harpreet Kaur Babla is actively pursuing the sale, following multiple meetings with Punjab governor and UT administrator Gulab Chand Kataria. MC has already completed land verification, assessed encumbrances, and surveyed underground services at the site.
This is not MC’s first land auction. In 2005, it sold a 5.39-acre Manimajra plot for ₹108 crore to Delhi-based Uppal Housing for a residential project. However, the deal ran into controversy after the developer failed to meet the requirement of allocating 15% of units for the Economically Weaker Section (EWS). A show-cause notice and ₹1.5-crore penalty followed, but the project was stayed after legal action.
MC’s other major land sale was for the JW Marriott project in Sector 35, auctioned on a leasehold basis for ₹101.37 crore in 2006.
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