CHANDIGARH: As the board of directors of the Chandigarh Housing Board (CHB) approved auction of 270 properties, the officials have decided to first auction 110 residential (freehold) properties.

The board officials have started the process of auction of 110 residential properties. After completing the process of auction of 110 residential (freehold) properties, the board will start the auction process of 150 commercial (leasehold) and 11 residential (leasehold) properties next month.

The properties will be auctioned through e-tendering only, said an official. The CHB had recently reduced reserved price of these properties by 10 per cent to 20 per cent. The CHB’s proposal was also approved by the Chandigarh administration recently.

The reserve price was reduced by 10 per cent to 20 per cent after witnessing poor response to CHB’s attempt to auction properties last year. These 270 properties are in sectors 51, 63, 38 (west), 39, and Manimajra. Among the properties, 51 new flats, which were a part of the CHB’s costliest housing scheme in the city till now, will also be put up for auction.

Besides, the commercial properties are also located in Manimajra, sectors 51, 61 and Maloya.

A senior board official said these properties were lying vacant from last many years and their condition was deteriorating as well. As CHB failed to auction these properties over the years, the decision was taken to auction these properties in a phased manner.

After registration with the CHB, interested people will have 10 to 15 days’ time to place their bid for the auction.

For auction of the properties, the board has fixed the reserve price of HIG flat (leasehold) in Sector 39 at Rs 1.05 crore. Similarly, the reserve price of a three-bedroom flat (freehold) in Sector 63 has been fixed at Rs 86.24 lakh, two-bedroom flat in Sector 51 has been fixed between Rs 81 lakh and Rs 84 lakh.

The reserve price of one-bedroom flat has been fixed at Rs 39.38 lakh and EWS flat at Rs 24.35 lakh in Sector 49. Similarly, the reserve price of a two-bedroom flat in Sector 49 has been fixed between Rs 69.87 lakh and Rs 71.26 lakh, keeping in view the location of the flat.

The reserve price of a two-bedroom flat in Sector 63 has been fixed at 67.30 lakh. The reserve price of an HIG flat (leasehold) in Sector 45-A has been fixed at Rs 1.07 crore. Similarly, the reserve price of restaurant site in Manimajra is Rs 2.59 crore. The reserve price of a small booth (corner) has been fixed at Rs 97 lakh.



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