Bids for Chandigarh housing units can be submitted by May 31
Real Estate

Bids for Chandigarh housing units can be submitted by May 31

The Chandigarh Housing Board (CHB) has set up five help desks to help the bidders for the e-tender of 79 household units in various parts of the city, and about 200 expected bidders have already visited the CHB units.

On May 17, through the e-tender process, the CHB began the auction procedure of 79 freehold housing properties in the different sectors of the city. Bidders can submit their bids regarding the properties by May 31.

The CHB has made a list of 270 properties for sale, with 11 residential (leasehold), 109 residential (freehold), and 150 commercial (leasehold).

The board started the auction of freehold units first, and at later stages, the remaining properties will be up for sale.

To receive a good response, the CHB decreased the reserve rate of the properties by 10% because at the 2019 auction, due to high prices, not even a single bidder showed interest in both residential and commercial properties.

This year, the CHB has decided to sell properties with an e-tender process instead of the e-auction. In an e-auction, the earnest money deposit (EMD) for participation can not be paid online.

A bidder deposits the same in the CHB account and presents proof. A CHB officer verifies the payment before permitting the bidder to participate in the e-auction procedure.

Therefore, the number of bidders for a particular property and their identity is not entirely confidential.

However, in e-tender, there is no need for any permission, and online payment can be made for EMD. So, there is full privacy about the number of bidders and their identity.

CEO of the Chandigarh Housing Board, Yashpal Garg, said that they included six freehold properties in the upcoming auction and 79 freehold units in total have been put up for auction.

He further added that the board had chosen secrecy in the last auction, and the same formula will be performed this time too.

A senior CHB official told the media that they are hopeful of a good response in the following days.

People are coming to these help desks and enquiring about house units. An individual help desk has been set up at each sector 38 (west), 49 and 51, and two at Sector 63.

Image Source


Also read: Home sales plunge in April-May due to second wave of Covid-19

Also read: CIDCO housing scheme: Allotment to begin from July 1

The Chandigarh Housing Board (CHB) has set up five help desks to help the bidders for the e-tender of 79 household units in various parts of the city, and about 200 expected bidders have already visited the CHB units. On May 17, through the e-tender process, the CHB began the auction procedure of 79 freehold housing properties in the different sectors of the city. Bidders can submit their bids regarding the properties by May 31. The CHB has made a list of 270 properties for sale, with 11 residential (leasehold), 109 residential (freehold), and 150 commercial (leasehold). The board started the auction of freehold units first, and at later stages, the remaining properties will be up for sale. To receive a good response, the CHB decreased the reserve rate of the properties by 10% because at the 2019 auction, due to high prices, not even a single bidder showed interest in both residential and commercial properties. This year, the CHB has decided to sell properties with an e-tender process instead of the e-auction. In an e-auction, the earnest money deposit (EMD) for participation can not be paid online. A bidder deposits the same in the CHB account and presents proof. A CHB officer verifies the payment before permitting the bidder to participate in the e-auction procedure. Therefore, the number of bidders for a particular property and their identity is not entirely confidential. However, in e-tender, there is no need for any permission, and online payment can be made for EMD. So, there is full privacy about the number of bidders and their identity. CEO of the Chandigarh Housing Board, Yashpal Garg, said that they included six freehold properties in the upcoming auction and 79 freehold units in total have been put up for auction. He further added that the board had chosen secrecy in the last auction, and the same formula will be performed this time too. A senior CHB official told the media that they are hopeful of a good response in the following days. People are coming to these help desks and enquiring about house units. An individual help desk has been set up at each sector 38 (west), 49 and 51, and two at Sector 63. Image Source Also read: Home sales plunge in April-May due to second wave of Covid-19 Also read: CIDCO housing scheme: Allotment to begin from July 1

Next Story
Infrastructure Energy

DPIL Wins ₹2.3 Billion Orders for Power Cables

Diamond Power Infrastructure Limited (DPIL) announced on Monday that it has secured two major orders worth over Rs 2.3 billion for the supply of power cables.The company received letters of intent from Rajesh Power Services Limited for a project under Dakshin Gujarat Vij Company Limited, valued at approximately Rs 1.51 billion, and from Adani Electricity Mumbai Limited, valued at around Rs 792.8 million.DPIL is recognised as India’s largest single-location manufacturer of power cables and conductors, and these contracts further strengthen its foothold in the country’s power infrastructure ..

Next Story
Infrastructure Urban

Maharashtra Plans $50 Billion Infrastructure Push

The Maharashtra government is set to raise $50 billion over the next 3–4 months to fund a major infrastructure overhaul in the State, said Deputy CM Devendra Fadnavis at the India-Middle East-Europe Economic Corridor summit.Fadnavis highlighted that between 2014–2019, the State had invested around $30 billion in key projects such as the Coastal Road, Atal Setu, Samruddhi Mahamarg, and the Navi Mumbai International Airport. Now, the State is seeking funding from both domestic and foreign investors for its next big leap.A key highlight is the creation of a “third Mumbai”—a new urban zo..

Next Story
Infrastructure Urban

CapMan Infra Expands into Sweden with Data Centre Deal

CapMan Infra’s data centre platform, soon to be renamed Kolo DC, will acquire three Swedish data centres—two in Stockholm and one in Piteå—from EcoDataCenter.These facilities offer Tier 3 equivalent redundancy, advanced security, and infrastructure that supports AI and high-performance computing (HPC). They also integrate sustainable features like solar panels and district heating for energy reuse.The acquisition marks CapMan’s entry into Sweden and is its third investment under its northern European platform, which already operates in Denmark and the Netherlands.The Piteå site offer..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?