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Chb Set To Auction 145 Properties From Jan 11, Real Estate News, Realty Beat

Chb Set To Auction 145 Properties From Jan 11, Real Estate News, ET RealEstate
CHANDIGARH: Chandigarh Housing Board (CHB) is all set to begin the process to auction its 145 properties from the second week of January. Out of these properties, maximum 108 are leasehold commercial, while 24 are leasehold residential and 13 freehold residential.

Giving sufficient time to bidders interested to participate, the e-auction will start from January 11, 2022, till the morning of January28. The bids will be opened the same day to allot properties to successful bidders.

All these commercial and residential properties are at different locations. The CHB has pasted stickers on the properties to help identify them. The properties could not be sold during the previous auction.

“The e-tender process is open for all the citizens as well as NRIs/PIOs above 18 years of age. The persons already having any property (residential or commercial) can also participate in the e-tender. The built-up dwelling units shall be allotted to the highest eligible bidder, quoting in case of allotment on the consideration/premium of the unit. However, in case of allotment of leasehold basis, GST will be applicable on lease money/ground rent payable annually,” the CHB said.

All willing participants can visit the official website of the Chandigarh Housing Board to understand submission of earnest money deposit (EMD) and e-bids.

The terms and conditions and the detailed list mentioning localities/sectors of the built-up units and reserve price can be downloaded from the official website of Chandigarh Housing Board.


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