7 out of 28 liquor vends auctioned in Chandigarh
Chandigarh: Of the 28 liquor vends up for auction, seven were successfully sold in the e-auction which concluded here on Tuesday. A liquor vend in Industrial Area, Phase 1, fetched Rs 15 crore against the reserve price of Rs 9.23 crore, the highest price in the auction. A liquor vend in Sector 22 (Himalaya Marg) fetched Rs 14.9 crore against a reserve price of Rs 7.3 crore. Another liquor vend in Industrial Area, Phase 1, Central Mall, was sold for Rs 9.5 crore against a reserve price of Rs 8.07 crore.
In the latest auction held on April 21, 20 liquor vends were auctioned, while there were no takers for 28. A total of 48 liquor vends were available for auction. A liquor vend in Sector 61 was sold for Rs 12.31 crore against the reserve price of Rs 11.57 crore in the auction held on Tuesday. A liquor vend in Khuda Lahora/Khuda Jassu village fetched the second highest bid of Rs 10 crore against a reserve price of Rs 8.2 crore. A Sector 22 B liquor vend was sold for Rs 9.99 crore, the third highest bid for auction, against the reserve price of Rs 4.96 crore.
All the 48 vends were earlier auctioned and allotted, but later, as the contractor failed to deposit the stipulated amount, the allotments were cancelled and the administration decided to re-auction the vends. The administration earned nearly Rs 23 crore by forfeiting the earnest money and security deposits of the cancelled liquor vends. In the auction held on March 21 under the
Chandigarh Excise Policy 2025-26
, the department auctioned 96 out of 97 liquor vends.
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