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Everything You Need to Know About e-Auction HUDA

Feb 25 2023
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E-Auctions Huda Introductions:

Haryana Shahari Vikas Pradhikaran (HSVP), formerly Haryana City Improvement Authority (HUDA), is the metropolis making plans enterprise of the Indian kingdom of Haryana, besides Gurugram and Faridabad, which has its very own Metropolitan development government. It became based in 1977. The Haryana Minister of Metropolis and Country Planning Department chaired the authority. The authority's headquarters is in Panchkula, Haryana.

In the rapid-paced world, the e-public sale is the brand new way to purchase assets or services, and it is increasing in India day by day. One of the exceptional e-auction structures in India is the e-public sale HSVP. Haryana Shahari Vikas Pradhikaran (HSVP) is a government company in the state of Haryana, this is accountable for supplying deliberate and sustainable city development. this newsletter will speak to everything you need to understand about e-public sale HSVP.

What is e-auction HSVP?

e-public sale HSVP is a web public sale gadget designed via Haryana Shahari Vikas Pradhikaran (HSVP) to sell or lease out its belongings. those properties consist of residential and industrial properties, plots, and extraordinary immovable assets. The e-auction HSVP platform is offered from anywhere and open to all of us, which consists of people, businesses, and organizations.

Why e-auction HSVP?

e-auction HSVP is an effective, transparent, and comfortable way of promoting or leasing out HSVP's assets. The traditional public sale gadget is time-consuming, and it may not reach a wider target market. e-public sale HSVP gives a higher opportunity via providing a much broader reach, transparency, and comfort. This gadget removes the need for physical presence, for this reason, saving time and effort for each of the buyers and sellers.

Benefits of e-Auction HSVP:

Transparency: e-public sale HSVP presents a transparent platform wherein buyers can bid on properties, and the highest bidder wins the public sale.

Comfort: e-public sale HSVP eliminates the need for physical presence and permits customers to participate from anywhere.

Wider Attain: e-public sale HSVP is offered to everybody, together with people, corporations, and businesses, therefore attaining a much broader target audience.Time-saving: e-public sale HSVP gets rid of the need for bodily presence, saving time and effort for each customer and dealer.

Secure: e-public sale HSVP is an easy platform that protects consumers and dealers from fraudulent activities. How to participate in e-public sale HSVP?to take part in the e-public sale HSVP, you want to follow the steps:

Haryana Shahari Vikas Pradhikaran (HSVP), previously called the Haryana City Improvement Authority (HUDA), is the commercial enterprise employer accountable for urban making plans inside the state of Haryana, India.

HSVP conducts auctions for various styles of plots, including industrial, residential, parking, and additional. individuals interested in taking part in these auctions can sign on via the furnished application. After registration, bidders can take part by submitting an EMD in Auctions (Earnest cash Deposit) and setting bids at the available plots.

as soon as a public sale concludes, the best bidder (H1 bidder) gets a notification and is needed to make the ultimate charge for the secured plot. The application also offers to get admission to various reports associated with the auctions.

Bidder Registration:

  • Open the website by entering the URL: https://eauction.hsvphry.org.in/ in your browser.
  • Click on the "Bidder Registration" hyperlink. The Registration Page will open.
  • Fill in all mandatory details.
  • Enter your Mobile Number and click "Verify Mobile Number."
  • An OTP will be sent to the provided mobile number.
  • Enter the OTP and click "Verify OTP."
  • The button label will change from "Verify Mobile" to "Mobile Verified.
  • "Click "Register" to submit the form.
  • You can click "Cancel" to cancel the registration.

Bidder Login:

  • Open the website in your browser. The Sign-In page will be displayed. Enter your registered Email ID and Password.
  • Click "Login" to sign in. On the login page, you will find "E-Auction Notices" containing info about auction/e-auction notices.
  • There are other sections showing details about "Current Auction," "Upcoming Auction," and "Past Auction."Forgot Password:
  • Click on the "Forgot Password" hyperlink. The Forgot Password Page will open.
  • Enter your registered Email ID and click "Send OTP.
  • An OTP will be sent to the provided Email and Mobile Number. Enter the OTP and click "Verify OTP."
  • The Reset Password page will open.
  • Enter a New Password and Confirm a New Password. Click "Reset Password" to change your password.

Primary Refund Bank Details:

Upon the first login, the system will take you to the Primary Refund Bank Details page. Enter all mandatory details and click "Submit."You can enter your Primary Account Number only once, and it cannot be updated, so enter it carefully. Only Saving Accounts are allowed as Primary Account Numbers. The system will then take you to the Dashboard.

  1. Dashboard: The Dashboard consists of four widgets: "Current Event," "Upcoming Events," "Payment Status," and "Winning Auction." After successful sign-in, the system will take you to the Dashboard. The Dashboard also displays your Username and a Dropdown button at the top-right corner, which contains options for changing your password and logging out.
  2. Current Events: This widget displays information about the ongoing auction, and you can participate by clicking on "Bid Here."
  3. Upcoming Events: This widget shows information about upcoming auctions for which registration has started.
  4. Payment Status: This widget shows the status of the EMD payment.
  5. Winning Auction: This widget displays information about the plots you have won.
  6. Change Password: To change your password, enter your Old Password, New Password, and Confirm Password. Click "Submit" to change your password.
  7. EMD Payment: 
  • When the registration time begins for a specific auction, that auction will appear in the "Upcoming Events" block.
  • To pay EMD, click on "View."You will be presented with the Terms and Conditions page.
  • Check the checkbox and click "Accept Terms and Conditions.
  • "The system will guide you through Auction Details and Instructions.
  • You can add Joint Holders if necessary. Upload mandatory documents, and other relevant documents if required.
  • Verify your Refund Account Details. Make your EMD payment for the desired number of properties.
  • You can choose to make the payment online or via a challan at your local bank. Bidding Process:

Participate in an Auction:

Once the auction starts, it will appear in the "Current Event" block. Click "Bid Here" to participate in the auction. The actual bidding process involves accepting terms, viewing auction details, selecting plots, and placing your bids with different bid increment options.

Auction Depth: This tab provides information about items sold, to whom, and at what price.

Auction Details: This tab presents details of the auction in a tabular format.

Notification Sent: Here, you can find all notifications related to the ongoing auction.

Bid History: This tab displays details of each bid placed by different bidders.

Auction Report: After the auction, you can access reports, including Day and Transaction reports, H1 Reports, and Post Auction Reports.

Deal Book: This tab provides details of H1 for every plot.

H1 Payment:

After the auction concludes, plots won by the H1 bidder will appear in the "Winning Auction" block on the dashboard. Click "View."
The system will guide you through the payment process for the remaining amount, similar to the EMD payment. If the H1 bidder fails to pay the remaining 8% amount, their EMD will be forfeited, and other bidders will receive EMD refunds.

Conclusion:

e-Auction HSVP is a transparent, convenient, and secure way of buying or leasing out HSVP's assets. It offers several benefits to buyers and sellers and is becoming increasingly popular in India. To participate in e-Auction HSVP, you need to follow a few simple steps, and you can bid on your desired property from anywhere. So, if you are planning to buy or lease out a property in Haryana, e-Auction HSVP is an option you should consider.

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