The Chandigarh Housing Board (CHB) received a poor response to its e-auction of 31 residential and commercial freehold properties, as there were only six takers for these.
The CHB had invited bids for the sale of 31 built-up properties, including 27 residential and four commercial, on a freehold basis.
The board earned Rs 3.91 crore, including Rs 1.62 crore from the auction of two commercial properties and Rs 2.29 crore from four residential properties.
A category-II flat in Modern Housing Complex, which had the highest reserve price of Rs 98.60 lakh, was auctioned for Rs 1.01 crore. Two flats of one bedroom in Sector 63 were auctioned for Rs 44.10 lakh and Rs 45 lakh against the reserve price of Rs 44.05 lakh each. A one bedroom flat in Sector 49 went for Rs 39.49 lakh against the reserve price of Rs 39.38 lakh.
Two booths in Sector 51-A were auctioned for Rs 80.40 lakh and Rs 81.77 lakh against the reserve price of Rs 80 lakh.
Out of the 27 residential properties that were put on auction, 17 are in Indira Colony, Manimajra, and their reserve price ranges from Rs 32 lakh to Rs 34 lakh. The four commercial properties, all booths, are located in Sector 51-A with a reserve price of Rs 80 lakh to Rs 85 lakh.
CHB chief executive officer Yashpal Garg said, “The highest bidder is required to make 25% payment by June 29 to avoid forfeiture of EMD and blacklisting from future tendering processes of Chandigarh Housing Board. The remaining vacant properties will be included in the next e-tenders, which may be released in the next week.”