Srinagar ghost mall turns into Rs 422cr jewel in auction

Srinagar’s stalled commercial complex fetched an eye-popping Rs 421.75 crore (Representative image)SRINAGAR: For years, grass and weeds had more business at Sangarmaal City Centre than shoppers did. Then came the bidders. A 45-kanal (5.625 acre) parcel around Srinagar’s stalled commercial complex fetched an eye-popping Rs 421.75 crore after an overnight auction far exceeded what govt had pegged.Bidding opened at 11am on Aug 25 for land in front of and behind Sangarmaal, just behind Kashmir Golf Course and opposite Polo View, a pedestrian-only high-street market lined with cafes and boutique stores. One end of the property touches Chunt Khul, a stream running through Srinagar. Dal Lake is about 1km away. Lal Chowk is within easy reach.That mix of location, scale and commercial potential mad