North Delhi’s Azadpur Commercial Complex Auction Proposed

North Delhi Municipal Corporation has proposed to auction a commercial complex in Azadpur and a commercial plot in the Karampura commercial complex on a leasehold basis for 99 years. According to the corporation, the 481-square-metre Naniwala Bagh commercial complex in Azadpur, with different sizes of plots, has been lying vacant for years. The civic body hopes to lease it out to a bidder for approximately Rs 12.2 crore. Keeping in mind the financial condition of the corporation, the proposals have been sent to the standing committee for approval. “The proposals will be under consideration at the next meeting of the committee,” said Jogi Ram Jain, its Chairman. The corporation also wants to lease out 18 shops on Asaf Ali Road opposite Delite Cinema at 20% lower than the minimum reserve price. On the table for the past four years, the standing committee has sent the proposal back for further deliberation. The north corporation, which is cash-starved to even pay its staff on time, has been making bids to lease out public properties to boost its revenues.