The Chandigarh Housing Board (CHB) has decided to auction 269 properties, including 11 residential (leasehold), 108 residential (freehold) and 150 commercial (leasehold) in a phased manner, after reducing the reserve price by 10% to 20%. The dates will be decided in the board of directors meeting on March 9.
The CHB’s proposal was also approved by the Chandigarh administration recently. The reserve price was reduced in the wake of a poor response to last year’s auctions. These 269 properties are in sectors 51, 63, 38 (West) and 39 and Manimajra. Among these are 51 new flats, which were part of CHB’s costliest housing scheme in the city till now. The commercial properties are located in Manimajra, sectors 51 and 61 and Maloya.
A senior board officer said these properties had been lying vacant for the past many years and their condition was deteriorating. The board has also tied up with National Informatics Centre (NIC) for e-auction. After registration with the CHB, the interested people will have 10 to 15 days to place their bid.
The board has fixed the reserve price of HIG flat (leasehold) in Sector 39 at Rs 1.05 crore, of a three-bedroom flat (freehold) in Sector 63 at Rs 86.24 lakh, a two-bedroom flat in Sector 51 between Rs 81 lakh and Rs 84 lakh.
The reserve price of one-bedroom flat has been fixed at Rs 39.38 lakh and EWS flat at Rs 24.35 lakh in Sector 49, while that of a two-bedroom flat in Sector 49 between Rs 69.87 lakh and Rs 71.26 lakh.
The reserve price of a two-bedroom flat in Sector 63 has been fixed at 67.3 lakh, of an HIG flat (leasehold) in Sector 45-A at Rs 1.07 crore, of a restaurant site in Manimajra at Rs 2.59 crore and of a small booth (corner) at Rs 97 lakh.
Earnest money
For properties worth Rs 1 crore, the earnest money will be around Rs 2 lakh, for Rs 1 crore to 1.5 crore, around Rs 3 lakh and for Rs 1.5 crore to Rs 2 crore, around Rs 4 lakh. However, the final decision will be taken in the board’s meeting on March 9.
