E-auction for 152 Chandigarh Housing Board properties from Oct 20

In its e-auction concluded on October 12, Chandigarh Housing Board was only able to sell one commercial leasehold property out of a total of 96

Come October 20, Chandigarh Housing Board (CHB) will again host an e-auction for 152 properties — including 57 residential units on a freehold basis and 95 commercial units on leasehold basis.

As many as 152 Chandigarh Housing Board properties, both residential and commercial will be up for grabs at the auction. (HT File)

In its e-auction concluded on October 12, CHB was only able to sell one commercial leasehold property out of a total of 96. In the auction held in September, meanwhile, only three of 99 leasehold commercial properties were sold.

Speaking of the auction, CHB chief executive officer (CEO) Yashpal Garg said the built-up dwelling units shall be allotted to the highest eligible bidder, quoting above the reserve price and no goods and services tax (GST) will be applicable on the consideration/premium.

All willing participants may visit the official website at: www.chbonline.in for details on the procedure for submitting the earnest money deposit (EMD) and e-bids as well as other information.

In order to submit e-bids, every prospective bidder is required to get themselves registered at https://etenders.chd.nic.in. “A valid e-mail id, mobile number and digital signature are the basic requirements to participate in the e-Tender process,” Garg said.