E-Paper
128 Chandigarh Housing Board properties up for grabs
Of the total Chandigarh Housing Board properties on offer, 38 are residential units on freehold basis, while 90 are commercial on leasehold basis
The Chandigarh Housing Board has invited e-bids for 128 residential and commercial properties as part of its latest auction.
Of the total properties, 38 are residential units on freehold basis, while 90 are commercial on leasehold basis.
The bids can be placed on CHB’s website — www.chbonline.in — from March 24 to April 25.
In its last auction that concluded on March 7, the board had found takers for only 10 of the total 136 residential and commercial properties on offer, despite slashing the reserve price of commercial properties by 10%.
The board had put up 44 freehold residential properties and 92 leasehold commercial properties for auction. But it managed to sell only eight residential sites, located in Sectors 38 West, 40, 49 and 51, and Indira Colony, Manimajra, earning ₹4.2 crore against the reserve price of ₹4.1 crore.
Among the commercial properties, only two in Sector 49-B were sold, bringing in a total of ₹93 lakh against the reserve price of ₹86 lakh.
Even in the previous auction in January 24, CHB was able to sell only nine of the 140 units, including seven residential and two commercial properties.
CHB chief executive officer (CEO) Yashpal Garg said the built-up dwelling units will be allotted to the highest eligible bidder, quoting above the reserve price of the unit.
GST will not be applicable on the consideration/premium of the unit. The detailed list mentioning localities of the built-up units and reserve price is available on CHB website, along with detailed procedure for the submission of earnest money deposits (EMD) and e-bids.
“To submit e-bids, every prospective bidder is required to register at https://etenders.chd.nic.in. A valid e-mail ID, mobile number and digital signature are basic requirements to participate in the e-tender process,” the CEO said.
