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Chandigarh admn to auction nursing home site in Sector 33

The 744.44 square yards nursing home site in Sector 33, Chandigarh, has a reserve price of a whopping 18.25 crore; the bidding will take place from March 13 to 15

Published on: Feb 20, 2023, 02:48:35 IST
By , Chandigarh
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The Estate Office has invited e-bids for the auction of a freehold nursing home site in Sector 33-C.

According to Chandigarh Estate Officie officials, the earnest money deposit (EMD) for the upcoming auction has to be made from February 18 till March 10. It will be approved between March 11 and 12. (Getty Images/iStockphoto)
According to Chandigarh Estate Officie officials, the earnest money deposit (EMD) for the upcoming auction has to be made from February 18 till March 10. It will be approved between March 11 and 12. (Getty Images/iStockphoto)

Sized 744.44 square yards, the site has a reserve price of 18.25 crore, significantly higher than its last auction of similar sites in October 2022.

The e-auction will begin at 9 am on March 13 and continue till 11 am on March 15.

In the October auction, the administration had earned 30.84 crore from the auction of two nursing home sites, also in Sector 33-C.

The first site had received the highest bid of 18.25 crore against the reserve price of 6.9 crore. The second site, having the same reserve price, had got the highest bid of 12.58 crore.

According to officials, the earnest money deposit (EMD) for the upcoming auction has to be made from February 18 till March 10. It will be approved between March 11 and 12.

Bidders are also required to enrol on https://eauction.gov.in/portal by clicking the link “Bidder Enrolment”. Upon enrolment, the bidders will be required to register their valid Digital Signature Certificate (DSC) with their profile.

“Only one valid DSC should be registered by a bidder. Please note that bidders are responsible to ensure that they do not lend their DSC to others which may lead to misuse. Detailed terms and conditions are available at eauction.gov.in,” the estate office said.