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The person willing to participate
in auction for more than one site needs to take multiple tokens
i.e. for each site one individual token is to be taken. The tokens
are not transferable. |
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The bonafide person having auction token will only be
allowed entry in the auction room after checking their identity |
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No auction token will be issued
after 11:30 AM from the Bank. The authority reserves the right to
deny any person from participating in the Auction who comes after
11:30 AM. |
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Auction is started sequentially i.e. site bearing Serial
No. 1 in the advertisement will be |
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taken up first. For each site the
auction officer will announce the details along with the authority
price to start the auction. If there is no bidder for a particular
site, such site will be put for re-auction in the coming months,
after giving due publicity. |
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During the bidding process every
person has to declare / announce his token number and bid amount,
which will be noted, by the Accounts section in the bidding sheet.
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During the bidding if one comes
forward to bid more than the last bid then the site will be confirmed
in the name of the highest bidder, which will be announced in the
auction hall. |
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The successful bidder needs to
pay 25% of the auction value on the same day as per section of KUDA
(disposal of Corner and Commercial sites) Rules 1991. This 25% amount
can be submitted in the form of Cash/ D.D. in the name of commissioner,
MUDA, payable at Vijaya Bank, MUDA Branch Mysore, along with Rs.
100/- being the N.O.C. Charges. |
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After receiving the 25% of the bid
amount the auction confirmation letter will be dispatched to them
along with N.O.C for raising Bank loan, Challan for payment of 75%
amount and title deed application from by registered post. |
| Auction Section |
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The authority reserves the right
to cancel any auction if there is a case of mis-representation,
insufficient documents or financial loss to the MUDA (Disposal of
Corner and Commercial site) Rules 1991. |
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The Authority price for any corner
and stray sites is confidential information, which will be disclosed
only at the time of auction. |
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Strict action will
be taken against the person who tries to obstruct the smooth functioning
of auction. |
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| Any other information regarding auction
can be obtained from the Superintending Engineer, MUDA, Mysore
during public visiting hours. |
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