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Chandigarh housing board puts construction year of units on auction on its website, Real Estate News, ET RealEstate

Chandigarh housing board puts construction year of units on auction on its website, Real Estate News, ET RealEstate
CHANDIGARH: The Chandigarh Housing Board (CHB) has now started putting details of year of construction of every unit which is being put up for auction on its official website.

Accepting the suggestions received from public, Yashpal Garg, chief executive officer, CHB, said the year of construction of each of the unit has been provided on the CHB website. The year of construction has been mentioned before every properties, which have been included in the e-auction, he said.

Garg further said that from now onwards, e-bid submission would be allowed up to 10 am and the e-bids would be opened on the same day at 10.15 am. For the convenience of buyers of residential as well as commercial properties, the board has also allowed prospective bidders to inspect the units prior to the submission of their bids. The cleaning, whitewash and minor repairs of the vacant built-up units had been taken up and to facilitate the inspection, stickers had been pasted on all vacant units, their Google location had been shared on the website and site offices had been set up at different locations, he added.

The CHB has so far conducted eight e-auctions of its built-up residential units (freehold and leasehold) and built-up commercial units (leasehold) and sold 87 residential units on a freehold basis and earned Rs70.60 crore revenue. Similarly, the CHB earned Rs 4.52 crore from the sale of seven residential units on a leasehold basis and Rs 6.30 crore from e-auction of 12 commercial units on a leasehold basis.

He said 34 residential units on freehold basis, 33 residential units on leasehold basis and 149 commercial units on leasehold basis would be put up for sale in the next e-auction from August 20. The public notice for the e-auction would be issued in the next week and e-tendering would start from August 20. The units would be available for inspection from August 14 onwards, he said.

He said the residential units on freehold basis would be allowed for inspections on every Saturday from 10 am to 5 pm, residential units on leasehold basis on every Wednesday and commercial units on every Friday.


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Written by Realty Beat

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