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Chandigarh Housing Board receives 105 bids against 36 dwelling units

Press Reporter News Service

Chandigarh, April 30

The Chandigarh Housing Board (CHB) has acquired 105 bids towards 36 dwelling models for e-auction of its properties.

The CHB had invited e-tenders for the sale of 109 built-up dwelling models on a freehold foundation. The models have been accessible in Sectors 38 (West), 49, 51 and 63. April 30 was the final date to submit e-bids.

Yashpal Garg, Chief Government Officer, CHB, stated all technical e-bids have been opened as per the schedule at Three pm right now. All e-bids had been declared technically certified.

“This time, the response is superb. Final yr, no bid was acquired for these models. We now have decreased the reserve costs of those models by about 10 per cent,” stated Garg.

Contemplating the curfew-related points as a result of Covid pandemic, monetary bids could be opened from 10 am onwards on Monday, he stated. The small print of profitable highest bidders for every dwelling unit could be uploaded on the Chandigarh Housing Board web site after opening all monetary e-bids.

“Contemplating {that a} whole of 105 e-bids have been acquired, it’s anticipated that opening of economic bids could take a while and the results of the e-tender could also be uploaded on the web site by afternoon of Might 3,” he stated.

He, nevertheless, clarified that the very best bidder had been allowed to deposit the 25 per cent of the bid quantity (after adjusting EMD) inside 5 working days. The interval of 5 working days would begin after the opening of economic bids.

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