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Chandigarh Housing Board puts 31 freehold properties on sale

By Deborah K. Vick 4 years ago

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The Chandigarh Housing Board (CHB) has invited e-bids for the sale of 27 residential and 4 professional models on freehold foundation.

The most recent providing carefully follows CHB’s prior auction wherever the reaction remained tepid even however all homes ended up freehold. Still, the board has decided not to lower the reserve price ranges.

Of the 27 residential properties, 17 are located in Indira Colony, Manimajra, with reserve selling prices ranging from ₹32 lakh to ₹34 lakh, and dimensions various from 548 square feet to 562 sq. toes.

At ₹98.60 lakh, a Classification-2 unit in Manimajra, with an region of 1,591 sq. ft, has the greatest reserve selling price.

An MIG flat in Sector 51, sized 1,027 sq. ft, has a reserve price tag of ₹90 lakh. A 367-square feet EWS dwelling unit in Sector 52 has the lowest reserve rate of ₹21 lakh.

All four commercial attributes are booths, positioned in Sector 51-A. They are staying provided for a reserve price of ₹80 lakh to ₹85 lakh.

“E-tenders for these houses can be submitted from 10 am on June 3 until 10 am on June 22. The bids will be opened the same day from 10.15 am onwards,” reported Yashpal Garg, CEO, CHB.

Future members can visit the web-site, www.chbonline.in, to get the in depth process for submission of earnest income deposit and e-bids.

Garg reported stickers experienced been pasted at just about every device and their spot was also available on Google Maps. The homes can be inspected on Saturday and Sunday from 10 am to 5 pm.

In its final auction, which ended on May perhaps 25, CHB experienced managed to promote only four of the whole 35 attributes on offer you. As numerous as 6 business and 29 residential homes had been up for sale on freehold basis, but only two residential qualities had been bought, bringing in ₹47 lakh against a overall reserve rate of ₹43.25 lakh.

The sale of two of the six commercial attributes, on sale for a reserve rate of ₹1.65 crore, had fetched CHB ₹1.68 crore.

More than the past one yr, CHB has sold 189 models through e-auctions, generating a earnings of ₹122.17 crore. Just lately, it experienced bought authorization from the UT administration to auction its unsold leasehold qualities on freehold foundation.

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