Rs 421.75 crore for a ghost mall in Srinagar: How a stalled commercial project became J&K’s biggest real e
- Posted on September 2, 2026
- By Business News Today
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Rs 421.75 crore for a ghost mall in Srinagar: How a stalled commercial project became J&K’s biggest real e
Srinagars stalled Sangarmaal City Centre has emerged as a major real estate hotspot after a 45-kanal land parcel fetched a Rs 421.75 crore bid in an overnight auction. The property, located near Kashmir Golf Course, Polo View and Dal Lake, was offered on a full-lease basis. The auction was followed by another major bid for 70 kanals of Batamaloo bus-stand land, which reached Rs 305 crore.
