Rajasthan Housing Board’s (RHB) surplus flats and houses will be auctioned online from September 6.
As e-auction will happen for the first time, RHB commissioner Pawan Arora held a meeting on Tuesday and directed officials to provide seamless online services to users.
According to an official, RHB will upload maps and pictures of the houses on its website for the benefit of the bidders. Arora said, “The reserve price of all houses that will be auctioned will be fixed by August 30. The details will be uploaded by September 6.”
The board has also adopted reverse bidding method for auctioning their houses for the first time. An official explained, “Reverse bidding method means a person who has put up a bid to buy house on minimum discount rate will win the auction. Supposedly, one person plans to buy a house at 40% discount and another at 30% discount. The board will sell the flat to a person who is asking for lesser discount. Residents will be given a month’s time to submit their bid.”
The successful bidders will have to deposit 10% cost of the house within three days. The remaining amount can be deposited within a timeframe of 60 days.
As per the proposal, the RHB has divided discount rates on these houses in two categories — 0% to 25% and 0% to 5 %. The discount on flats will be assessed after examining the location, condition and other factors. “ In the same housing scheme and location, the RHB could offer discounts under separate brackets.”
After receiving the state government’s nod, the RHB will sell 7,075 constructed flats of different categories across the state on discount. The chief minister, too, had announced the discount in his budget speech.
After failing to sell off its houses, the RHB had initiated an exercise to sell off its unsold flats and houses on discounted rates. At present, the board has more than 24,000 unsold flats in Jaipur, Jodhpur, Kota, Udaipur, Alwar and Bikaner circles. Prolonged slump in the real estate market is the reason why many buyers have not shown interest in RHB houses.
In the past, RHB had made several attempts to sell its flats. However, all efforts turned futile as buyers showed no interest to purchase the properties.