CHB to sell 159 properties in e-auction

Chandigarh Housing Board (CHB) will soon put up around 159 residential and commercial properties for e-auction.

The auction dates are not yet final, but it is likely to take place between November 10 and November 30. CHB has released the list of properties along with their reserve price. The reserve price of Sector-51 MIG flat has been fixed at Rs.90 lakh and that of one-bedroom flat in Sector-63 is around Rs.44 lakh. The reserve price of an EWS flat in Sector 38 West is around Rs 24 lakh and that of a one bedroom flat in Sector 49 is Rs 39 lakh. Similarly, the reserve price of Corner Small Booth at Manimajra has been fixed at Rs 46 lakh and for Kajheri Bay Shop at Rs 1.70 crore.

A board official said the CHB has prepared the list of properties and will soon issue a notification for e-tendering, following which the interested people will be able to submit bids online. Anyone above the age of 18 years residing in any state can participate in this e-auction. NRIs can also participate.

Earlier, the board had received good response not for leasehold properties but for freehold properties.