A stalled “ghost mall” project in Srinagar is being auctioned, with bidding reaching roughly Rs 421.75 crore (about Rs 422 crore), according to reports. The development, long described as incomplete and unused, is now being offered through a bidding process that is drawing attention as the highest bids form.
Context for the story is the mall’s previous status as an abandoned or underutilized commercial project. While both outlets cover the auction outcome, their phrasing differs: one article focuses on the precise bidding figure of Rs 421.75 crore, while the other frames the same result as the mall turning into a “jewel” worth around Rs 422 crore. The core update across sources is the same—auction activity converts the stalled project into a major sale value as the bidding process proceeds.
Details on the bidders, final ownership, and timelines are not included in the provided excerpts, and outlets appear to emphasize the bidding amount rather than any deeper changes in project plans or governance at this stage.
