Thokkottu : The Belma Grama Panchayat auctioned its 31 shops located at Deralakatte for very high prices on Thursday.
As per bidders competition a chicken stall of 100 sq ft got auctioned at a monthly rent of Rs 1, 66,500 while a fish stall was auctioned for a rent of Rs 1, 12,000.
The Panchayat which earned an annual revenue of Rs 6.5 lakhs from the rent of 31 shops will get an annual revenue of Rs 1.5 crores from the 28 shops auctioned on Thursday. The auction process was not held for the past several years and the rent of the shops used to be hiked marginally every year. This time however as pressure grew to auction shops
The auction was held amid police protection.
Earlier to this the chicken stall was rented out at 3,000 and the fish stall was charged 2,160.