While there was a lukewarm response in the December auction of the Haryana Urban Development Authority (HUDA), the city failed to attract even a single bidder for the auction of the eight-acre freehold five star Delux hotel site at Indradhanush Auditorium, Sector 5 in January. Not only this, the first phase of the Panchkula IT park failed to attract big private players.
Talking to Newsline, a HUDA official on condition of anonymity said that the authorities were still watching various market forces before they could start with the process of auctions in the near process again.
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