Chandigarh: Chandigarh Housing Board (CHB) received a bad response to the auction of 163 Leasge properties, including commercial and residential and 28 freehold residential properties.
Of the 191 properties, CHB can auction only 32, including nine housing freehold; Four leanhold housing and 19 commercial leashold units.
Even the reduction in reserve prices fails to produce the desired effect during auction.
The Board has reduced the price of a commercial unit with a leashold base of 20% and a housing unit based on leashold by 10%.
This produces RS 16.29 Crore against the total reserve price of units sold by RS 14.54 Crore.
The Board does not accept a good response to the auction of commercial property and its housing in the previous auction as well.
It has invited e-tender for sale 149 commercial units and 33 housing units based on leashold.
Of the 149 commercial units, CHB can only sell two to the highest bidder.
The total reserve price of two commercial units is Rs 1.06 Crore while the unit sells for RS 1.09 Crore.
Of the 33 housing units, only two can be sold to the highest bidder.
The total reserve price of the two units is Rs 89.83 Lakh, while the highest bid received to these units is Rs 90.85 Lakh.
Recently, Chief Executive Officer (CEO), Chandigarh Housing Board (CHB), Yashpal Garg wrote a letter to Chief Chb Engineer, asked him to improve the responsibilities of the officers concerned and their supervisory authorities for negligence and negligence in the maintenance and maintenance of an empty unit , where the board is now found difficult to be auction.
The letter was written after inspection by the CEO of the Garg Yashpal Board, where it was found that many Chb properties had been lying empty and neglected for 30 to 40 years.
It’s in a bad condition and in some, the floor is covered with a top layer of one foot bird droppings.
The CEO of the Board of Yashpal Garg wrote that because many units were built around 30 to 40 years ago and almost no maintenance and maintenance, most of them were in bad condition.
He shows that some units are in dilapidated conditions so that they are at risk of life and public property.
Due to poor care and maintenance of empty units, CHB cannot sell it and now requires a large enough extent for their improvement.
CHD Housing Board Auction: Only 32 properties sold
