Telangana Housing Board open bid of flats at Pocharam

Hi Friends,
 
Today we would like to share with you the grate from Telangana Housing Board (THB). The THB has proposed to conduct Public Auction for sale of the vacant flats in Singapore Class Township (Sankruti Township) at pocharam, Ghatkesar Mandal, Rangareddy District, Telangana on " as is where is basis" at 3.00 PM onwards on 29.12.2015 at Meeting Hall, Gruhakalpa, A.P Housing Board Hyderabad.

Image Source: Telangana Housing Board 
TERMS AND CONDITIONS OF THE AUCTION
 
The participants should deposit Rs. 1,00,000/- as EMD by means of Demand Draft obtain in favour of the Executive Engineer, Central Division, A P Housing Board, Payable at Hyderabad and submit the same before commencement of the auction and the demand draft will be refunded to the unsuccessful bidders soon after the auction is completed. The amount of EMD will not be acceptable on cash.
 
The sale of flat is Public Auction
 
The auction will be held at the place and date as given in the official notification
 
The action officer have the wright and power to change, modify, alter, extend or prepone the time of the  auction  and also to postpone the auction to any other date for reasons recorded in writing, also have the wright to accept or reject any bid without assigning any reason and no grievance thereof will be entertained. The bidding by the applicants shall be in multiple as may be fixed the Auction Officer before commencement of the auction.
  
The highest bidder should deposit 25% of the bidding amount and 1% action expenses on the total bid amount within 24 hours of action is closed and the balance of the 75% should be remitted within the 30 days from the date of confirming the action by Vice Chairman & Housing Commissioner.

For any extended period beyond 30 Days a simple interest of 12% on the balance amount due to the Board shall be charged up to 30 days. Also the highest bidder while depositing the balance 75% of bid amount, should also deposit plan, water & Electricity connection charges Rs 13,450/- and Gas connection charges Rs 10,100/- along with the cost of the flat to get the flat registered in his/her favour, further he/she has to bear the stamp duty and registration charges as per rules
 
Also has to pay parking charges (If parking available)
  • covered 60,000/-
  • semi covered 40,000/-
  • Open parking 25,000/-
According to the notification highest bidder does not have any legal right to claim the ownership of the Flat till the auction is confirmed by the Vice Chairman and Housing Commissioner, payment of entire bid is made and the House is registered in his/her name. The Flat will be registered in favour of the auction purchaser only. If more than one person participated in the auction for single Flat; he/she should get the particulars recorded on the spot. No auctioned Flat will be divided between the joint auctioneers.

This information for your reference only

For more details you can visit official website at http://hb.telangana.gov.in/
Want to download detailed notification? : Download

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