π° Ghost mall sells for massive Rs 422cr in auction
The stalled Sangarmaal City Centre parcel in Srinagar fetched an eye-popping Rs 421.75 crore during an overnight auction. The land, located near Kashmir Golf Course and opposite Polo View, was auctioned on August 25th. Officials were surprised as the price soared far beyond their initial Rs 200-crore expectations by August 26th. This sale is seen as a major step to boost investment across the Union Territory. The successful bidder was Parmesh Construction Company Ltd, a consortium of several firms.