The Chandigarh Municipal Corporation is set to hold an e-auction for five nursery sites located at Mauli Jagran village. These sites will be leased on a monthly rent basis, and the civic body has already fixed the minimum reserve prices for each property.
Reserve Prices Set for Nursery Sites at Mauli Jagran
The corporation has announced specific minimum reserve prices for each of the five sites. According to the official notice from the Chandigarh Municipal Corporation, the reserve rents vary based on the size of each plot.
Site No. 1, covering an area of 2.0565 kanals (0.2570 acres), has a minimum monthly rent of Rs 70,000. Site No. 3, which spans 2.4799 kanals (0.3099 acres), carries a reserve price of Rs 84,000 per month. For Site No. 4, with an area of 2.8565 kanals (0.3570 acres), the minimum rent is fixed at Rs 97,000.
The two largest sites have higher reserve prices. Site No. 6, covering 4.7792 kanals (0.5973 acres), has a minimum monthly rent of Rs 1,35,000. Site No. 7, the biggest among the five with an area of 5.9053 kanals (0.7381 acres), has its reserve price set at Rs 1,67,000 per month.
E-Auction Process and Bidding Details
The e-auction process is scheduled to begin on August 20. Interested bidders will need to participate in the online auction to secure these nursery sites. The tender notice confirms that the properties are being offered on an "as is where is" basis, meaning the sites will be handed over in their current condition.
According to the tender listing details, the e-auction covers all five nursery sites situated at village Mauli Jagran in Chandigarh, and the lease will be on a monthly rent basis.
What This Means for Interested Bidders
For those looking to run a nursery business in Chandigarh, this e-auction presents an opportunity to secure land at Mauli Jagran. The reserve prices give a clear starting point, but the final rent will depend on competitive bidding during the auction.
The official agenda from the Municipal Corporation indicates that the tenure of these nursery sites had previously expired, which is why the corporation is now re-auctioning them to generate revenue and ensure proper utilization of the land.
Our Take: A Transparent Way to Manage Civic Assets
In our view, the e-auction approach is a sensible move by the Chandigarh Municipal Corporation. By putting these nursery sites up for public auction online, the civic body ensures a transparent process where the market determines the final rental value. This removes any scope for favoritism or under-the-table deals that often plague government property allocations.
For prospective nursery owners, the reserve prices seem reasonable when compared to the land area being offered. The largest site at Rs 1,67,000 per month may seem steep, but for a commercial nursery operation with proper planning, it could prove to be a viable investment.
Interested bidders should prepare their documentation and registration well before August 20 to avoid last-minute issues. The e-auction format also means that bidders can participate from anywhere, making the process more accessible.
