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The Chandigarh Administration's Estate Office has identified around 25 government-owned properties for auction by the end of April as part of a broader plan to monetise nearly 1,000 vacant assets across the city during the current financial year. The shortlisted assets include a mix of residential, commercial and institutional sites, with most residential plots to be offered on a freehold basis. The administration is targeting revenue of INR 200-250 crore in the first quarter and over INR 1,000 crore for the full year. The move is aimed at improving utilisation of public land, ensuring legally clear titles, and introducing a structured, recurring auction mechanism through monthly e-auctions.
The Chandigarh Administration's Estate Office has shortlisted approximately 25 properties for auction by the end of April, as part of its ongoing effort to monetise public land assets and strengthen non-tax revenue streams in the Union Territory. The properties, comprising residential, commercial and institutional sites, are expected to be offered through an e-auction process with most residential plots proposed on a freehold basis. Advertisement
The initiative forms part of a larger programme under which the administration plans to auction nearly 1,000 vacant government-owned properties during the current financial year. Officials have indicated that the objective is to generate between INR 200 crore and INR 250 crore in the first quarter alone, with a full-year revenue target exceeding INR 1,000 crore.
According to officials familiar with the process, the Estate Office has initiated steps to ensure that all shortlisted properties are free from encumbrances. This involves verifying that the assets are legally clear, without mortgages, liens or third-party claims, thereby enabling smoother transactions and reducing litigation risks for prospective buyers.
The broader inventory identified for monetisation spans multiple asset classes, including around 130 residential plots, 205 commercial sites, 168 industrial properties, five nursing home sites and one institutional parcel. The actual number of properties auctioned in each phase will depend on market response and demand conditions.
Officials have stated that the administration intends to institutionalise the auction process by conducting e-auctions on a monthly basis. A detailed schedule for the current financial year has already been prepared and submitted for approval. This approach is expected to create a steady pipeline of supply in the local real estate market while ensuring transparency in asset disposal.
The move also aligns with the administration's strategy to address issues related to idle public land. By bringing vacant properties into the market, the Estate Office aims to reduce maintenance costs associated with unused assets and discourage unauthorised occupation. At the same time, regular auctions are expected to support price discovery and improve overall market activity in the city's real estate sector.
The Estate Office, which manages allotment and enforcement of government land in Chandigarh, has in recent years undertaken measures to streamline property administration, including digitisation of records and procedural reforms. The current auction programme reflects a continuation of these efforts, with a focus on structured asset monetisation and improved utilisation of public land holdings.
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