Tribune News Service
Chandigarh, March 19
In the first phase, the Chandigarh Housing Board (CHB) has decided to put up 109 built-up residential units on freehold basis on sale through e-tender.
The e-tendering process will start on April 1 and the bids can be submitted up to 2 pm on April 30. The bids will be opened 3 pm onward the same day.
The CHB has prepared a list of 270 properties, including 11 residential (leasehold), 109 residential (freehold) and 150 commercial (leasehold), for sale. The remaining properties will be put up for sale at later stages.
270 properties on the block
The CHB has prepared a list of 270 properties, including 11 residential (leasehold), 109 residential (freehold) and 150 commercial (leasehold), for sale. The remaining properties will be put up for sale at later stages. The highest reserve price for a three-bedroom flat in Sector 63 has been fixed at Rs 86.24 lakh. However, the lowest reserve price for an EWS flat in Sector 63 has been fixed at Rs 23.44 lakh. Most of the flats, three-bedroom, medium-income group (MIG) flats, two-bedroom flats, one room flats, and EWS flats, are located in Sector 63 and 51.
The highest reserve price for a three-bedroom flat in Sector 63 has been fixed at Rs 86.24 lakh. However, the lowest reserve price for an EWS flat in Sector 63 has been fixed at Rs 23.44 lakh.
Most of the flats, three-bedroom, medium-income group (MIG) flats, two-bedroom flats, one room flats, and EWS flats, are located in Sector 63 and 51.
To get a good response, the CHB has reduced the reserve price of the properties by 10 per cent. Not even a single bidder expressed interest in the auction of CHB properties held in 2019 as the reserve price was too high for both residential and commercial properties.
This time, the CHB has decided to replace the e-auction process of selling properties with the e-tender process.
Yashpal Garg, Chief Executive Officer, CHB, said, "In e-auction, the earnest money deposit (EMD) for participation cannot be paid online. The bidder deposits the same in the CHB account and submits a proof. The payment is confirmed by the CHB officers before allowing the bidder to participate in the e-auction process. Hence, number of bidders for particular property and their identity is not fully confidential."
However, in e-tender, EMD can be paid online and there is no need of any approval and hence there is complete secrecy about the number of bidders and their identity, said Garg.
In e-auction, the prospective bidders are required to register themselves within a particular period. They can participate in the e-auction process after their registration is approved by the CHB officials. Once the prescribed period is over and approval is given by the CHB officials, the e-auction takes place among the approved bidders only and there cannot be any new entrant in the e-auction.
However, in e-tender, any person can participate in the tendering process any time before closure of the bidding process. Hence there can be new entrants, at any stage, till closure of the bidding, he added.
The possibility of cartelising and other mischiefs cannot be ruled out in the e-auction process. Garg though said: "The Excise Department of UT is successfully using the e-tender process for allotment of liquor vends across the entire city in highly fair and transparent manner."
from The Tribune https://ift.tt/2OH31ZD
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