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TERMS AND CONDITIONS OF AUCTION(RESIDENTIAL / COMMERCIAL / INSTITUTIONAL AND CHUNK SITES)
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About this document
GMADA/PUDA's "Terms and Conditions of Auction" for residential, commercial, institutional, and chunk sites -- applicable to all properties auctioned from October 2024 onward, superseding all prior terms and conditions on the subject. Sites sold under these terms are exempt from the Punjab Apartment and Property Regulation Act, 1995.
Key points
- Covers all Authorities established under the Punjab Regional and Town Planning and Development Act, 1995.
- Mode of auction, eligibility, bidding process, and payment schedules are all standardised across residential, commercial, institutional, and chunk sites.
Open the original document below for the complete terms.
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