Chandigarh Housing Board (CHB) earned Rs 8.28 crore from the auction of two leasehold residential units and 12 leasehold commercial units.
The highest bid for an HIG flat in Sector 39 was of Rs 1.06 crore and that for a commercial unit in Manimajra was of Rs 81.51 lakh.
The reserve price of 12 commercial units was Rs 5.65 crore. The highest bids received against these units were of Rs 6.55 crore. Similarly, the reserve price of two residential leasehold dwelling units was Rs 1.70 crore and the highest bids received against them were of Rs 1.75 crore.
CHB chief executive officer Yashpal Garg said, “The CHB has received average about 13% above the reserve price of these units. The remaining unsold units will be included in fresh e-tender in the next few days.”
With the financial bids opened on Thursday, the highest bidder is required to make the payment within five working days (by July 8) to avoid forfeiture of earnest money deposit (EMD) and blacklisting from future tendering process of CHB, Garg added.
The CHB had received six bids against 11 residential units but only two could be sold to the highest bidders. Similarly, 16 bids were received against 156 commercial units and 12 units could be sold to the highest bidders.
The board had recently started the process to auction 55 residential units on freehold basis, 11 residential units on leasehold basis and 156 commercial properties on leasehold basis through e-tender.
The tendering process of 55 residential freehold units will be completed by July 5.
The board had prepared a list of 270 properties, including 11 residential (leasehold), 109 residential (freehold) and 156 commercial (leasehold), for sale. The bord has started with auction of freehold residential units and already auctioned 54.
To get a good response, the CHB had reduced the reserve price of the properties by 10%. Not even a single bidder had expressed interest in the auction of its properties in 2019 as the reserve price was too high for both residential and commercial units.
This time, the board has replaced the e-auction process of selling properties with the e-tender one.
