53 new advt sites to boost MC's balance sheet
2
Chandigarh: In a significant stride towards boosting its revenue, the Chandigarh municipal corporation has received the green light from the UT urban planning department for 53 new advertisement sites and unipole locations across the city.
This comes as a major financial uplift for the civic body, which already manages 22 existing sites. Together, these 75 prime locations are poised to transform the city's visual landscape—and its balance sheet.
To streamline operations, the MC has smartly divided the sites into three zones, each comprising 25 advertisement panels/unipoles. The tender for these zones will be floated soon, pending approval in the General House meeting scheduled for Monday.
According to financial projections, the MC expects to rake in Rs 12 crore annually from these sites, with a 10% yearly increase built into the contract.
MC sought more
Originally, the MC requested 159 sites, but after rigorous inspections and feasibility checks by senior technical officers from both departments, only 53 were approved. This collaborative effort ensured compliance with Chandigarh's strict land usage norms and urban planning standards.
by Taboola
by Taboola
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What's in the Agenda?
The detailed agenda outlines:
Approval of 53 new sites (43 advertisement panels + 10 unipoles) in commercial zones.
Integration with 22 existing sites, whose current contracts expire in early August 2025.
Division into Zone 1, Zone 2, and Zone 3 for e-auction.
Tender documents finalized, including technical and financial norms, terms and conditions, and a calculation sheet.
E-auction to be conducted under CVC guidelines.
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