KHB announces auction notification for 1st phase of suryanagar
-auction date is on 08-JANUARY-2013 at 11:30 AM.
-The auction location is at KHB suryanagar phase-1 office in khb suryanagar itself.
-The minimum stipulated recommended starting price is pegged at a rather steep Rs.2000 per sq.ft.
-These properties are sold at as-is-where-is basis. The initial fee for participating in the auction is Rs.50000 per site.
- DD or cash must be taken in the name of Commissioner, KHB, bangalore
- those unsuccessful would be refunded the amount after auction
- those winning the auction shall pay 25% of the amount along with 2 passport photos
- tokens will be provided at 10am. those coming later than 11:30 shall be disquaified from the auction
- if the winner does not provide 25% of the amount within 24 hours he shall lose 50000 without any reasons assigned
- Within 60 days the remaining 75% shall be paid
- in case this is not paid, bidder/winner shall lose the 25% as well
- the KHB reserves the right to cancel auctions without assigning any reasons for any of the sites published
- the winners are expected to register their sites with their own funds
- any alterations found in the stipulated dimensions shall be finalized by KHB and the bidders are bound by the same.
For more information contact 080-27804400, 9740335386 & 9980869439.