CHB to auction over 260 properties in January

Dushyant Singh Pundir

Tribune News Service

Chandigarh, December 22

Residents will get another opportunity to own a property in the city as the Chandigarh Housing Board (CHB) is all set to auction properties in January next year.

An official said the board was preparing a list of the properties to be auctioned in the last week of January. More than 260 properties, including commercial and residential, could be put up for auction.

However, the final decision on the number of properties to be auctioned would be taken in a meeting of Board of Directors to be held early next month.

Last year, not even a single bidder showed interest in the auction of CHB properties as the reserve price was too high for both residential and commercial properties. To get a good response, the CHB has decided to revise the reserve price of the properties this time.

The official said the properties to be auctioned include 212 listed for auction last year and nearly 51 new flats in Sector 51.

Lots of CHB properties, both commercial and residential, have been lying vacant in Mani Majra, Sector 45, 41, 47, 39, 38 (West), 49 and 51 for quite a long time.

Last year, the CHB had put up 64 residential and 148 commercial properties for auction. The reserve price for a freehold three-bedroom flat in Sector 63 was Rs1.07 crore and the reserve price for Sector 39 leasehold HIG flat was Rs1.31 crore. Nine leasehold and 55 freehold properties were put up for auction last year.

The board had fixed the reserve price of two-bedroom flat in Sector 51 at Rs99.92 lakh. The reserve price of EWS flat was fixed at Rs30 lakh to Rs32 lakh. The reserve price for one-bedroom flat in Sector 63 was fixed at Rs54.80 lakh. Similarly, reserve prices of commercial properties ranged from Rs50 lakh to Rs2 crore.

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