City Reports

Rajasthan housing board homes in Jaipur to be e-auctioned at discounted rates

June 11, 2019, 8:50 am

multistorey buildings will need to have maps approved by JDA and JMC to get water connection

Representative image.

Jaipur: The Rajasthan housing board will sell its homes at steep discounts – up to 50 percent – after failing to get them off its hands for years. These homes have remained on the market for a long time. The homes will be sold through e-auction. The discount will be 10% initially, but if it doesn’t attract buyers, it will be increased up to 50%.

The Rajasthan housing board decided to conduct online sale of its home to enable people to buy from anywhere in the world. The buyers can find all the housing board home listings on its website. The housing board properties and homes will be connected with GIS mapping.

The board accepted bids from potential buyers in closed envelops until now, but has decided to go online to target a larger pool of buyers and to make the buying process hassle-free.

“GIS mapping enable buyers to see all the listings in real time and also go on a virtual tour of the neighbours where the properties are located,” said a senior housing board official.

The decision was taken in a meeting presided over by urban development minister Shanti Dhariwal.

“The e-auction process will begin within the next three months. We will discontinue the practice of accepting bids in closed envelops. We have made the records of more than 1.6 lakh properties already allotted online,” said the officer.

The Rajasthan housing board is going through financial hardship as nearly 20,000 homes and plots have remained unsold.

First published: June 11, 2019