BJP-run corporation selling off public assets: AAP

‘Novelty Cinema’s land worth ₹150 crore sold for ₹34 crore’

The AAP on Friday alleged that the BJP-governed municipal corporation is selling off its public assets. Novelty Cinema’s land worth ₹150 crore has been sold for ₹34 crore and there was corruption in the deal, it alleged. “There was a very famous cinema hall in Chandni Chowk called Novelty Cinema. The complex was built on 1,100 sqm land and its lease had run out. There is a parking lot and a wide road next to it, something that is rarely seen in the Old Delhi area. If one wants to buy even a shop as small as 100 yards in this market, it would cost ₹30-35 crore. The BJP-ruled civic body sold this massive high profile 1,100 sqm plot for just ₹34 crore,” AAP chief spokesperson Saurabh Bharadwaj said. The AAP leader claimed that the market value of the property should have been between ₹125 and ₹150 crore.