JAIPUR: For the e-auction happening for the first time in the state, the Rajasthan Housing Board (RHB) has uploaded the list of properties including their details on its website.
The board has planned to sell off its more than 9,500 flats on discounted rates in an e-auction starting from September 30. The bidders willing to participate in the online auction can register themselves after September 20. The uploaded list comprises specification of the flats, including category (EWS, LIG, MIG), floor, location, colony, reserve price and photographs depicting the condition of the property.
As per the proposal, the RHB has divided discount rates on these houses in two categories — 0% to 25 % and 0% to 50 %. The discounts on flats are assessed after examining the location, condition and other factors.
The board has also adopted reverse bidding method for auctioning their houses for the first time. An official explained that the reverse bidding method means a person who has put up a bid to buy house on minimum discount rate will win the auction. Supposedly, one person plans to buy a house at 40% discount and another at 30% discount. The board will sell the flat to a person who is asking for fewer discounts. Residents will be given a month’s time to submit their bid.
The successful bidders will have to deposit 10% cost of the house within three days. The remaining amount can be deposited within a timeframe of 60 days. After failing to sell off its houses, the RHB had initiated an exercise to sell off its unsold flats and houses on discounted rates.
At present, the board has more than 24,000 unsold flats in Jaipur, Jodhpur, Kota, Udaipur, Alwar and Bikaner circles. Prolonged slump in the real estate market is the reason why many buyers have not shown interest in RHB houses.
Source: ET Realty