If you have been looking to buy a residential plot in Chandigarh and have a couple of crores handy, the UT administration’s e-auction of 26 properties on November 13 and 14 should interest you.
The UT administration’s estate office will be hoping to mop up Rs 65 crore from the e-auction of 11 residential, 14 commercial and one industrial properties.
The office has high hopes from the residential properties, whose total reserve price adds up to Rs 27.59 crore, as all of them are freehold and anyone who buys them will not have shell out the exorbitant leasehold-to-freehold conversion fee which is charged by the administration. However, here’s the catch: the last day for registering for the e-auction is today.
The total reserve price of the commercial and industrial properties comes to Rs 15.1 crore and Rs 33 crore, respectively, but they are leasehold.
All residential properties are in southern sectors. One of them is a built-up house on a four-marla plot in Sector 32A. The remaining properties are plots, whose reserve price ranges from Rs 1.25 crore to Rs 7.53 crore. They are located in sectors 33, 35, 37, 38 and 40.
Earlier, the estate office had kept October 31 as the last date for registering for the e-auction. However, the estate office pushed back the auction from November 4 and 5 to the present dates.
We have been getting numerous queries from the pubic. Sensing that the queries are genuine, we have now extended the date of the e-auction. People were earlier busy in the festival season, so we did not hold the auction then,” said Manish Lohan, assistant estate officer (AEO) of UT.
Lohan said they had held a workshop for interested persons on how they could participate in the e-auction.
Among the commercial properties, 13 are booths and one is a shop-cum-office in Sector 42C. Lohan added this was a good opportunity for people to buy dispute-free properties in Chandigarh at reasonable rates.
