77 properties in Mohali to be re-auctioned: Aman Arora

Punjabenews: In order to provide an opportunity to buy a property in the model city of Punjab, Greater Mohali Area Development Authority (GMADA) will conduct an e-auction of around 77 properties situated in different projects/sectors of SAS Nagar (Mohali).

Revealing the details about the e-auction, Punjab Housing and Urban Development (H&UD) Minister Mr. Aman Arora said that the e-auction will commence on February 17 at 9am and will conclude on March 6 at 1pm. The total reserve price of all the properties offered in the e-auction stands at around Rs2100 crore.

On the directions of Mr. Aman Arora, GMADA has released an email [email protected] to smoothen the process and help the bidders in case they have any query or face any problem in placing the bids.

The H&UD Minister said that GMADA has offered a mix bag of properties including six group housing sites, one school site, one hotel site, one nursing home site, nine IT Industrial plots, two commercial chunk sites and around 57 SCOs & booths. These sites are situated in Aerocity, Sector 83-Alpha, Sector 66-Beta, IT City Sector 101-Alpha and other locations in SAS Nagar.

He said that interested participants can visit the e-auction portal https://puda.e-auctions.in for accessing the details pertaining to properties available for bidding. The procedure of registration to participate in the bidding process, payment schedule, size of sites, location etc. would be uploaded on the portal before commencement of the e-auction. The bidders will have to place bids up and above the reserve price fixed for a particular site. There would be no bar on the number of bids to be placed and bidders could revise their bids multiple times, he added.

The Authority will allot the sites to the successful bidders on receiving 10% payment of the final bidding price and possession of sites would be handed over as per terms and conditions of the auction policy, stated the H&UD Minister.