Policies
Terms and Conditions of E-Auction — Amendment 5
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Policy Overview & Purpose
This is the official policy document for Terms and Conditions of E-Auction — Amendment 5, issued under Policies issued by PUDA(equally applicable on GMADA) with effective/notification date Oct-2024.
It establishes the regulatory norms, administrative procedures, and governing guidelines applicable across the Greater Mohali Area Development Authority (GMADA) jurisdiction and allied planning areas.
Policy Guidelines & Content
Key Provisions & Notification Text
TERMS AND CONDITIONS OF AUCTION
(RESIDENTIAL / COMMERCIAL / INSTITUTIONAL AND CHUNK SITES)
These terms and conditions shall supersede all the terms and conditions and other
instructions issued on the subject matter covered herein and they shall be
applicable to all properties to be sold in Oct, 2024 by auction. These shall apply to
all the Authorities established under the PRTPD Act, 1995 and the sites sold under
the Auction shall be exempted from PAPR Act, 1995.
- MODE OF AUCTION
All Auctions in PUDA and Special Development Authorities including OUVGL
properties shall be byway of e-auction only.
- CLASSIFICATION OF PROPERTIES from Financial Angle
The properties to be put to auction shall be classified into following types:-
• Chunk Sites- Sites with Bid Price of Rs. 50.00 Crore or more in GMADA/GLADA
will be treated as 'Chunk Sites' and in the Case of other Special Urban
DevelopmentAuthorities such as PDA, BDA, JDA and ADA, sites with Bid Price of
Rs. 25.00 Crore or more will be treated as Chunk Sites.
• Other than Chunk Sites: - Sites with Bid Price less than Rs. 50.00 Crore in
GMADA/GLADA will be treated as 'Other than Chunk Sites' and in the case of
other Special Urban DevelopmentAuthorities such as PDA, BDA, IDA and ADA
sites with Bid Price of less than Rs. 25.00 Crore will be treated as other than Chunk
Sites.
- ELIGIBILITY FEE
The intending bidders are required to deposit refundable / adjustable
eligibility fee mentioned in the advertisement, which shall be paid online in advance
through e-auction portal and shall be fully refundable/adjustable. Eligibility fee shall
be as follows:-
Sr.No Type of Property Eligibility Fee
I For Multiplex
Sites/Commercial Site/
Hospital Sites /Hotel Sites/
(Full text available in the official 9-page PDF document attached below).
Document Information
- Document Title: Terms and Conditions of E-Auction — Amendment 5
- Issuing Category: Policies issued by PUDA(equally applicable on GMADA)
- Date of Notification / Listing: Oct-2024
- Document Format: Official PDF (9 pages)
- Governing Body: Greater Mohali Area Development Authority / Department of Housing and Urban Development, Punjab