Rs 43 Cr Bid Tops Liquor Vends Auction In Gurugram

Gurugram
The auction of liquor stores in Gurugram under the new excise policy in 2023-24, applicable from June 1, set a record in terms of revenue.
According to the officials, the collection from licence fee from liquor vends in the city witnessed a jump of more than 50 per cent, the highest growth in recent years.
They said the highest bid was for liquor vend on MG Road near Delhi border. The sale was auctioned for Rs 43 crore against the reserve price of Rs 22 crore. This vend was sold at the highest price in the entire Gurugram district.
Out of 162 zones, till now auction has been completed in 148 zones for a total licence fee of Rs 1564.30 crore. The final collection from licence fee of liquor vends will increase further as 14 zones are yet to be auctioned. Last year, the total collection from licence fee of liquor vends was Rs 1079.10 crore. Ravinder Singh, deputy excise and taxation commissioner (east), had 79 zones in their jurisdiction, out of which, 75 zones have been auctioned for Rs 929.66 crore.
The liquor vends near Hayat Hotel was auctioned for Rs 26.43 crore against reserve price of Rs 12.50 crore. Similarly, liquor vend in Udyog Vihar was auctioned for Rs 25.80 crore against reserve price of Rs 17.80 crore. Collection from licence fee of liquor vends was Rs 795.77 crore in 2020-21, Rs 789.23 cr in 2021-22, Rs 1079.10 in 2022-23 and Rs 1564.30 crore in 2023-24.