Chandigarh again seeks bids for 2 nursing home sites

Having failed to find buyers for its leasehold properties in its earlier auction, the UT Estate Office has again invited bids for two nursing home sites in the city.

The Estate Office had last month invited bids for the two sites but failed to find a single bidder. One site each for nursing homes was put up for sale in Sector 46 and Sector 51. The reserve price for the Sector 46 site was fixed at Rs 13.62 crore and Rs 18.72 crore for the other.

The Estate Office has again started the process of submitting documents and depositing earnest money for both these sites and it will continue till August 21. Bidding will be held from August 26 to 28.

Experts cited high reserve prices and leasehold nature of the properties as the reason for the unsuccessful auction last month. With the implementation of the revised collector rates from April 1, the reserve price for the nursing homes has increased.

They said that buyers were not much interested in purchasing leasehold properties.