UT Administration to Auction 21 Properties Starting May 15, 2026
Get set! UT to auction 21 properties on May 15
Hindustan Times
Image: Hindustan Times
The Union Territory (UT) administration will commence an e-auction of 21 properties on May 15, 2026, including residential, commercial, and industrial sites. The auction aims to attract buyers with prime locations and is expected to follow revised collector rates that have increased property values by 8% to 22%.
- 01E-auction of 21 properties begins on May 15, 2026.
- 02Properties include 10 residential plots, 7 commercial sites, and 4 industrial units.
- 03Reserve prices will be aligned with recently revised collector rates.
- 04A second auction phase is scheduled for August 15, 2026.
- 05Previous auctions generated significant revenue, indicating strong market interest.
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The Union Territory (UT) administration is set to launch an e-auction for 21 properties on May 15, 2026, as part of its financial year 2026-27 initiatives. The auction will feature 10 residential plots, 7 commercial sites, and 4 industrial units across various sought-after sectors. Notable residential offerings include plots in Sector 15-B, Sector 20, and Sector 30-A. The commercial segment includes constructed booths and premium office spaces, while industrial plots will be available in Industrial Area Phases 1, 2, and 3.
Reserve prices for these properties will be determined based on recently revised collector rates, which saw increases of 8% to 22% effective April 1. This revision impacts property transaction values and is expected to influence bidding trends. A second phase of auctions is planned for August 15, 2026, featuring additional residential and high-value commercial properties. The previous auction held in September 2025 was successful, generating ₹168.85 crore in revenue from 13 residential and 2 commercial properties, indicating strong demand and competition in the market.
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This auction provides an opportunity for homebuyers and investors to acquire prime properties in the UT, potentially influencing local real estate prices and market dynamics.
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