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High Stakes Auction Sees Record Rent Bid of 5.41 Lakhs for Belagavi Petrol Pump

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By uday

In a recent auction conducted by the Belagavi City Corporation, a significant development unfolded as a prime piece of land near Shri Basveshwar Circle, Khanapur Road Belagavi designated for a petrol bunk, garnered substantial attention.

The property, previously leased out, witnessed an impressive bid of 5.41 Lakhs per month in rental value.

The auction became a necessity due to the failure of the earlier leaseholder to fulfill their rental obligations, prompting the City Corporation to reclaim the property and put it up for bid.

goaves petrol pump

The successful bidder, whose identity is currently undisclosed, will be revealed to the public once they complete the necessary procedural requirements, including the payment of the required deposit and other formalities.

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