Lda To Hold E-auction For ‘fine Dine’ Site | Lucknow News – Times of India



Lda To Hold E-auction For ‘fine Dine’ Site | Lucknow News – Times of India

LUCKNOW: The Lucknow Development Authority (LDA) is set to conduct an e-auction of commercial spaces situated in Fine-Dine Street, which is adjacent to the Ekana Sports Complex. These commercial spaces will be auctioned along with other such spaces throughout the city, according to the announcement made during a meeting with investors held at the LDA building on Tuesday.
Prominent investors from the hotel and restaurant industry have shown keen interest in acquiring plots within the Fine-Dine Street, falling under the ambit of the Gomti Nagar Extension and Central Business District (CBD) scheme. The fine-dine street boasts 14 plots, ranging from 1,200 to 2,766 square metres.
The reserve rate for these commercial plots in the Fine-Dine Street varies between Rs 86,250 and Rs 95,000 per square metre.
“The challenges faced by investors will be promptly addressed by various government departments,” said LDA vice-chairman Indramani Tripathi.
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