Chandigarh Estate Office ready to auction residential, commercial, institutional plots
3 years, 5 months ago

Chandigarh Estate Office ready to auction residential, commercial, institutional plots

Hindustan Times  

With the long stalemate between the UT Estate Office and the UT engineering department over clearing of vegetation from vacant EO plots finally getting resolved, the decks have been cleared for EO to auction residential, commercial and institutional properties. The Estate Office had conducted its last auction in November 2019 when all of the residential properties on offer were sold, even though there were no takers for commercial and industrial plots. The department had generated a revenue close to ₹ 44 crore from the auction of 11 residential properties with a total reserve price of ₹ 27 crore. CB Ojha, UT chief engineer, said, “We got the approval to cut the trees recently and we have started the removal of vegetation.” Last auction had fetched double The department had conducted its last auction in November 2019 when all of the residential properties on offer were sold, even though there were no takers for commercial and industrial plots.

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Only 13 of 111 properties find takers at CHB’s latest e-auction
4 months ago

Only 13 of 111 properties find takers at CHB’s latest e-auction

Hindustan Times  

Chandigarh Housing Board’s attempt to auction its 111 properties after a gap of eight months turned out to be a flop show as only 13 properties were sold. Surprisingly, two middle income group flats in Sector 47-D, priced at ₹ 1.78 crore each, were sold for ₹ 2.31 crore each, fetching the board ₹ 7.94 crore against the reserve price …

Once again, no takers for Chandigarh Housing Board’s 88 commercial units
1 year, 1 month ago

Once again, no takers for Chandigarh Housing Board’s 88 commercial units

Hindustan Times  

Chandigarh Housing Board’s latest round of property auction proved to be another damp squib, with none of the 88 leasehold commercial properties finding a buyer. But despite the Chandigarh Housing Board slashing the reserve price by 10%, they have found no takers. During the last auction held on July 5, CHB had managed to sell eight freehold residential units, but …

Chandigarh Housing Board to auction 5-acre plot in IT Park for apartment project
2 years, 10 months ago

Chandigarh Housing Board to auction 5-acre plot in IT Park for apartment project

Hindustan Times  

Chandigarh Housing Board is all set to auction a five-acre plot in Information Technology Park, Chandigarh. There are a total of eight freehold residential plot sites in IT Park which the CHB had earlier planned to auction in one-go. It was in October 2006 that CHB had decided to develop residential, commercial and other infrastructure with Parsvnath Developers at IT …

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