Rs 3.25 lakh bid for renting kiosk with base price of Rs 27,000 in Noida

The kiosks built in Sector 18 of Noida were auctioned online where the maximum bid for the rent of one of the kiosks went up to Rs 3.25 lakh per month, which surprised the Noida authorities

Photo: Shutterstock
Representative image (Photo: Shutterstock)
IANS Noida
1 min read Last Updated : Jan 11 2023 | 5:25 PM IST

The kiosks built in Sector 18 of Noida were auctioned online where the maximum bid for the rent of one of the kiosks went up to Rs 3.25 lakh per month, which surprised the Noida authorities.

The base price of the kiosk measuring 7.59 square metres was kept at Rs 27,000 per month.

According to the Authority officials, an e-auction was conducted for the rent of seven kiosks of the same size on January 10, through which the Authority will earn Rs 1.24 crore as revenue in a year.

Twenty people participated in the auction.

Noida's Sector 18 is considered to be a prime location. Invitations were sent out to rent the 18 kiosks built by the Authority here.

Out of the 18, 8 were put on rent in the first and second phases and the bidding of 7 was done on Tuesday.

A date will be decided to bid for the remaining 3 kiosks in the coming days, as per the rules.

--IANS

pkt/fs/bg

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :noidaUttar Pradesh

First Published: Jan 11 2023 | 5:25 PM IST

Next Story