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

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement