Indore's Malharganj Government land auction land for Rs 8 crores

In a bold manoeuvre, the MP Public Assets Management Department has set its sights on a prime piece of land nestled in the vibrant heart of Indore's Malharganj area. This coveted parcel, now up for grabs, commands an initial bid of a staggering Rs 8.19 crore, setting the stage for a covetable real estate opportunity. To spearhead this transformation, the government unveiled the MP Public Asset Management Department in September 2020, an innovative body entrusted with overseeing and optimizing public assets. Their ultimate aim is to unlock the latent value dormant within underutilized properties.

The department's digital portal stands as a testament to this pioneering effort. Presently, it boasts a splendid array of 11 Indore properties primed for monetization, with a remarkable seven already finding eager buyers. But there's much more beneath the surface. The department has a keen eye on a sprawling 23,200-square-foot property under the Finance Department's stewardship, which is currently undergoing meticulous evaluation.

Moreover, three additional properties are poised for transformation, with tenders in progress. These include a sprawling 4.843-hectare expanse on Kila Maidan Road, a generous 0.89-hectare plot in Talawali Chanda, and a prime 1080-square-metre parcel nestled in the heart of Nipania, within the Juni Indore tehsil boundaries.

Undeterred by challenges, the department now extends an open invitation to prospective bidders, urging them to partake in the auction of a sprawling 13,560-square-metre gem nestled in Ward-9 within the Gadrakhedi precinct, under Malharganj Tehsil's jurisdiction. The initial bid, a robust Rs 8.19 crore, underscores the immense value encapsulated within this property.

Investors are encouraged to submit their bids between September 8 and 29, with the electronic e-auction scheduled for October 3. ADM Sapna Lowanshi, emphasizes that certain properties, whether currently listed on the portal or awaiting consideration, may carry the burden of encroachment. Nonetheless, there is a steadfast commitment to liberating these lands from their shackles, preparing them for the grand e-auction stage.

In a landscape where tradition often holds sway, the MP Public Assets Management Department's audacious move to reinvigorate dormant properties is nothing short of a revolution. It stands as a testament to the state's commitment to innovation, efficiency, and, most importantly, generating new revenue streams for the betterment of its people. The journey has only just begun, and with each property sale, a new chapter in Indore's history is written—a chapter filled with ambition, vision, and the relentless pursuit of progress.

Next (Chennai Corporation fines contractors for safety violations in drain construction)

Indore's Malharganj Government land auction land for Rs 8 crores

This Month

Overview

Explore

Join Us