Chandigarh: Rs 18 crore reserve price fixed for 18 residential sites

CHANDIGARH: The UT estate office has clarified that no fragmentation or amalgamation of any site or building will be permitted in the upcoming auction of eight freehold residential sites in the city.

It was stated in the auction notice of eight freehold residential units, which UT estate office is auctioning after the gap of more than two years. UT estate office has fixed Rs 18.01 crore as the price for these eight sites in Sector 33, 34, 35, 37 and 40. Interested bidders can participate in the e-auction till March 2 and UT estate office will conduct auction on March 7.

UT estate office in auction document has clarified, “No fragmentation or amalgamation of any site or building shall be permitted. Provided that the amalgamation of two or more adjoining sites with the same ownership will be permissible only in the case of commercial, industrial and residential plots with the contiguous zoned area, subject to the condition that the permission for amalgamation will be accorded by the estate office, UT Chandigarh prior to the approval of the building plans.”

UT estate office has also state that, “Provided further that the fragmentation of any site will be allowed if such fragmentation is permitted under any scheme notified by the administration.”

In the November 2019 auction, the 1,014 square yard plot (which was around two kanal) in Sector 33 was auctioned for Rs 15.30 crore against the reserve price of Rs 7.53 crore by the UT estate office.