GLADA yet to recover Rs 16 crore

by Paul Joseph on June 9, 2013 · 0 comments

TNS Ludhiana, May 28 While the Greater Ludhiana Area development Authority (GLADA) has gone in the overdrive mode to sell residential plots, flats, commercial sites and built-up properties to raise funds, it has failed to recover over Rs 16 crore against the properties sold in public auctions. The audit report of GLADA, a copy of which has been obtained under the Right to Information Act by Rohit Sabharwal and Arvind Sharma, president and secretary of the Council of RTI Activists, reveals that buyers of residential and commercial sites owe Rs 16.05 crore against the sale of properties till March 2012. The audit report reveals that Rs 1,035.65 lakh was outstanding

[via India Properties – Real Estate India – Indian Property News Site]

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