Propertiessituated in various cities across the state would be available for purchase, asPunjab Urban Planning & Development Authority (PUDA) would be holding thee-auction in the month of February. The e-auction would commence on February 5,2021 at 9.00 AM and conclude on February 15, 2021 at 1.00 PM.
An officialspokesperson of the PUDA said that the properties on offer include residentialplots, SCOs, shops, booths etc. in prime areas. The sites are located atLudhiana, Patiala, Jalandhar, Bathinda, Nabha, Kapurthala, Mukerian, Mansa,Abohar and Malout. This is an opportunity to buy prime properties as the sitesput on auction are situated in already developed localities.
He saidthat possession of the sites shall be handed over to the successful bidders ona payment of 25% of the final bid amount and the allottees would be required todeposit the balance payment in installments at interest rate of 9.5% per annum.Early handover of the sites would enable the allottees to start construction atthe earliest and subsequently use the site for the purpose it meant, be itresidential or commercial.
Detailspertaining to the properties including reserve price, nature, location plans,payment and other terms & conditions would be hosted on the auction portal www.puda.e-auctions.in
Forparticipating in the e-auction, he informed, the intending bidders shall berequired to sign up on the auction portal and obtain user ID and password.Bidders shall be required to deposit refundable/adjustable eligibility fee byway of Net Banking/Debit Card/Credit Card/RTGS/NEFT.