Bhubaneswar: The Bhubaneswar Development Authority (BDA) has started the process for e-auctioning 22 plots in Jaydev Vihar and Chandrasekharpur areas of the city Friday. The auction of these plots will be held between 11am and 5pm November 15.
There are 10 and 12 plots respectively in the most sought after Jaydev Vihar and Chandrasekharpur areas, and their sizes range from 1,750 square feet to 5,400 square feet. The offset prices, as per size and locality, would range between Rs 61 lakh and Rs 1.29 crore. It may be noted that the plots belonging to the General Administration department would go for auction after the former transfers the plots to BDA.
As per a document uploaded on the BDA website, the offline sales of brochures started Friday at 11am and registration with all due procedures will continue till 11.59pm November 6. After scrutiny and the other statutory requirements laid down by BDA the plots will be put on e-auction at 11am November 15.
The e-auction of the 22 plots would be the second one after the first ever property e-auction in the state August 22, 2016. The BDA decided to make auctioning transparent as the plots are meant for high-end buyers.
Providing details an official from the BDA’s allotment section said, “After buying the brochure offline or online potential buyers have to get a Unique Authentication Number (UAN), Digital Signature Certificate and other requirements. There will be a participation fee of Rs 2,000 for the applicants. After that the applicants would be required to deposit the earnest money deposit (EMD) of Rs 5 lakh for a plot. Once details of applicants are verified he/she would be able to try their luck in the auctioning process. However, people intending to go for multiple plots must deposit money for each registration and EMD.
Though the formal auctioning is likely to end at 5pm on November 15, if any participant quotes a higher price five minutes before closing time, the auction would continue till it ends.
In order to make the e-auctioning process hassle-free the BDA has also uploaded a bidder’s manual on its website from where bidders can get tips. They can also talk to allotment officials and experts from the IT firm looking after the e-auction process. However, all transactions would be safe as auction participants will use only their code names and not real names during the bidding.
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