IMC auctioning 32 properties
The Indore Municipal Corporation (IMC) is busy reading the terms and conditions for auctioning the properties in Indore.
The civic body will be auctioning around 32 properties for non-payment of taxes.
IMC officials say any common man is welcome to take over the properties by filling a form of Rs 100 and make a security deposit of Rs 50,000.
During the first phase of the auction, IMC has decided to put forward seven properties then followed up by others in other phases.
Long time ago during the year 2006 and 2007, when IMC had auctioned 17 properties the property owners had cleared all their due payments in the fear of their houses getting lost!
However, this time things are still kept unpredictable!
Source: The Times of India
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