The Hindu 14.02.2010
Now, you can bid online for MUDA sites
Shankar Bennur
| Six commercial corner sites and intermediate sites will go under the hammer on February 26 |
Those willing to participate in the online auction have to register with MUDA
MUDA wants to provide a wider market for its commercial properties with this novel venture
MYSORE: Want to bid for commercial corner sites of the Mysore Urban Development Authority (MUDA) in Mysore, but cannot make it to the venue of auction? Do not worry, for, MUDA has for the first time made provision for online bidding.
With this novel venture, MUDA wants to provide a wider market for its commercial properties.
MUDA Commissioner P.C. Jayanna told The-Hindu that online bidding will enable greater public participation in auctioning thus bringing more revenue to the urban development authority.
Only those who are citizens of India can participate in the online auction.
Six commercial corner sites and intermediate sites will be auctioned on February 26 at 9 a.m. Commercial corner sites at Dattagalli III stage and Vijayanagar II stage, and intermediate sites at K.C. Layout at the foothills of Chamundi Hills will go under the hammer.
Like the mega auction held last month, this auction will be conducted at Nanjaraja Bahadur Choultry.
Registration
The aspirants can bid for sites at the auction venue or participate in the process online, Mr. Jayanna said. Those willing to participate in the online auction have to register with MUDA at www.muda.abcprocure.com by February 24. Details can be had from MUDA website www.mudamysore.org.
User identity and password for online bidders will be given only after confirmation of the registration and payment of the prescribed minimum deposit. Confirmation pertaining to online participation in the auction will be sent to individual bidders by email.
The highest online bidder should remit 25 per cent of the bidding amount by March 1, Mr. Jayanna said.
The online and manual bidding would happen simultaneously, he said. “It has been planned meticulously, and a team of professionals will ensure that there are no glitches,” he added.
The first mega auction of corner sites here took place on January 29 in which 23 sites were auctioned at Vijayanagar I stage and Hebbal II stage.
MUDA generated over Rs. 14 crore through the auction of the 23 sites. A site measuring 50 ft x 80 ft was auctioned for Rs. 2.01 crore.
“The auction evoked very good response and we hope to get a similar response in the upcoming auctions,” MUDA Commissioner said.
