2 Chandigarh flats fetch Rs 3.81 crore, 12 properties unsold in auction
In a recent e-auction conducted by the Chandigarh Housing Board (CHB), two freehold residential properties in Sector 63 fetched a combined total of Rs 3.81 crore. Each property sold for at least Rs 60 lakh above its reserve price. The successful bids were Rs 1.92 crore for 2173-C and Rs 1.89 crore for 2170-B, both of which measured 1106 square feet.
Despite the premium prices, the auction garnered only two buyers out of the 14 properties offered. The properties were situated in various areas including Indira Colony, Manimajra, Modern Housing Complex, Sector 63, and Sector 46-C. Reserve prices for the properties ranged from a low of Rs 41.46 lakh to a high of Rs 7.33 crore. The CHB had invited buyers to participate on a freehold basis, with the highest bidder receiving the property.
However, the overall response to the auction was lukewarm, with only two of the 14 properties finding new owners.
Written by urgent.news from The Indian Express's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
