Remaining 17 liquor vends in UT to go under the hammer tomorrow, excise dept eyeing big gains
Chandigarh: The UT excise department has started the process of auction of the remaining 17 liquor vends in the city. The bids for these vends will be opened on May 14.In the auction held on May 9, the department sold 11 vends, which generated Rs 60 crore revenue.
The liquor vend in Sector 38D fetched the highest bid of Rs 11.11 crore against the reserve price of Rs 6.18 crore.On April 29, of the 28 liquor vends that were up for auction, seven were successfully sold off. A liquor vend in Sector 22 (on Himalayan Marg) fetched more than double (Rs 14.97 crore) its reserve price of Rs 7.38 crore. Another liquor vend in Industrial Area Phase-1, Central Mall, was sold for Rs 9.55 crore against a reserve price of Rs 8.07 crore.In the previous auction held on April 21, of the 48 liquor vends that went under the hammer, there were no takers for 28. A liquor vend in Sector 61 was sold for Rs 12.31 crore against the reserve price of Rs 11.57 crore. One in Khuda Lahora/Khuda Jassu village fetched the second highest bid of Rs 10 crore against the reserve price of Rs 8.2 crore. A vend in Sector 22B was sold for Rs 9.99 crore, the third highest bid for the auction, against the reserve price of Rs 4.96 crore.All the 48 vends were auctioned and allotted earlier. However, as the contractor failed to deposit the stipulated amount, these allotments were cancelled, and the administration decided to put them up for sale again. 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 of the total 97 liquor vends.
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