5 hrs ago
Two Chandigarh Housing Board Flats Sell, Twelve Remain Unsold
The Chandigarh Housing Board held an online auction for 14 homes.
People bought only two of them.
Both properties were in Sector 63.
Together, they sold for Rs 3.81 crore.
One flat sold for Rs 1.92 crore.
That was about Rs 63 lakh more than its starting price.
The other 12 properties did not find buyers.
The most expensive property offered was an independent HIG house in Sector 46-C, with a reserve price of Rs 7.33 crore.
Two Chandigarh Housing Board freehold residential properties in Sector 63 sold for a combined Rs 3.81 crore.
One Sector 63 flat fetched Rs 1.92 crore, about Rs 63 lakh above its Rs 1.29-crore reserve price.
Only two of the 14 properties offered in the e-auction found buyers.
The auction’s highest-priced property was an independent HIG house in Sector 46-C, carrying a Rs 7.33-crore reserve price.
The remaining 12 properties went unsold despite the premium paid for the two successful bids.
- Who
- The Chandigarh Housing Board and bidders in its e-auction.
- What
- Two of 14 freehold residential properties sold for a combined Rs 3.81 crore, while 12 remained unsold.
- Where
- Chandigarh, including properties in Sector 63 and Sector 46-C.
- When
- Tuesday.
- Why
- The auction was held to sell Chandigarh Housing Board residential properties; the articles do not state why most properties failed to attract buyers.
Key facts
- Auction organiser
- Chandigarh Housing Board (CHB)
- Properties offered
- 14 freehold residential properties
- Properties sold
- 2
- Properties unsold
- 12
- Combined sale value
- Rs 3.81 crore
- Sector 63 flat sale
- Rs 1.92 crore
- Sector 63 flat reserve price
- Rs 1.29 crore
- Highest reserve price
- Rs 7.33 crore for an independent HIG house in Sector 46-C
Sources
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