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Home Haryana Chandigarh Housing Board to auction 150 commercial units

Chandigarh Housing Board to auction 150 commercial units

Chandigarh, June 3

The Chandigarh Housing Board (CHB) has invited e-bids for the sale of 150 built-up business models on a leasehold foundation.

Yashpal Garg, Chief Govt Officer, CHB, mentioned the e-tender course of was open to all residents in addition to NRIs/individuals of Indian origin above 18 years of age.

The GST wouldn’t be charged on the consideration quantity, he added. “The bidders can revise their e-bids any variety of instances until the closure of the bid submission,” he mentioned.

There can be no restriction on switch of the business unit bought by means of e-tender topic to cost of prescribed switch charge and permission from the CHB.

Earnest cash deposit (EMD) for every unit must be submitted on-line by means of e-tendering portal (

The quantity of EMD might be Rs2 lakh for the unit with the reserve worth of Rs1 crore, Rs5 lakh for the reserve worth of greater than Rs1 crore however as much as Rs2.50 crore and Rs10 lakh for a property with the reserve worth of greater than Rs2.5 crore however as much as Rs5 crore.

The bidder can submit the bid solely after depositing the EMD. In case of unsuccessful e-bids, the EMD can be refunded on-line.

E-tenders might be made obtainable for bidding on on June eight at 10 am. The final date for e-bid submission is June 30 until 6 pm. With a purpose to submit e-bids, each potential bidder is required to get himself/herself registered on the e-tendering portal. All prepared contributors could go to the official web site to know the process.

The bids might be opened on July 1 at 10 am. Particular particulars like unit quantity, location and the reserve worth of every of the unit can be found on the CHB web site. Stickers have been pasted on every business unit and the potential bidder could go to the unit any time. — TPR

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