The Pune Municipal Corporation (PMC) is taking decisive motion against property tax defaulters by way of initiating an auction for 32 homes on February 5. The cumulative fee of these homes, primarily commercial buildings, stands at Rs 16.02 crore. The targeted regions for auction encompass the upscale localities of Lohegaon, Mundhwa, Baner, and Balewadi.
Defaulters Face Auction Due to Unsettled Property Tax
PMC's choice to public sale these residences stems from the failure of belongings proprietors to clear their dues, despite repeated reminders. The auction serves as a stern measure to address the outstanding property tax defaults.
Settlement Option for Property Owners
Property owners going through auction have the possibility to save you the sale of their houses via settling their dues earlier than the public sale date. This marks the primary example wherein PMC is resorting to property auctions as a way of handling chronic defaulters.
PMC Commissioner Affirms Legal Authority
Municipal Commissioner Vikram Kumar emphasized that the PMC's move is well within its legal powers. The auction is scheduled to take place at PMC's main building from 12 pm to 3 pm, with a focus on high-end localities for the initial round to gauge public response.
The list of residences to be auctioned consists of stores, workplace premises, open plots, and a factory shed placed in numerous affluent regions along with Lohegaon, Balewadi, Baner, Mundhwa, Kharadi, Bibwewadi, Dhayari, Wanowrie, and Dhanori.
Bidding Process and Eligibility Criteria
Interested bidders are required to sign up on the reputable e-auction platform: [https://eauction.Gov.In](https://eauction.Gov.In). Each property has a predetermined valuation, and the bidding amount can not be lower than this constant valuation. Bidders must pay 1% of the property amount in advance by January 31 to participate.
Key Dates for Bidders and Property Owners
Eligible bidders can be announced on February 4. The winning bidder is obligated to pay 20% of the bid amount within two days of the auction and the remaining eighty% inside 15 days. If the assets owner clears the dues and auction charges inside 15 days, the triumphing bidder can be reimbursed the amount to start with deposited with PMC.
