Yamunanagar MC to Lease Chaneti Land for Five Years; Auction on October 30

The Yamunanagar Municipal Corporation is focusing on the effective utilisation of its properties to strengthen its revenue base and ensure that vacant civic assets are put to productive use. As part of this initiative, the civic body will lease vacant land located near Garhi Banjara in the village of Chaneti for a period of five years. An open auction for the land will be held on October 30 at 11 am at the Municipal Corporation office near Shaheed Bhagat Singh Chowk in Yamunanagar.

The proposed lease is part of the corporation’s efforts to improve the utilisation of available land and generate income through a transparent and competitive bidding process. By offering the vacant property on lease, the civic body aims to ensure that its assets are used in an organised manner while creating an additional source of revenue for municipal administration.

Mayor Suman Bahmani Emphasises Better Use of Civic Assets

Mayor Suman Bahmani said that ensuring the proper utilisation of vacant Municipal Corporation properties and increasing revenue from these assets remained among the civic body’s priorities. She said the land would be leased through a transparent process so that municipal resources could be put to better use.

According to the mayor, the planned auction is intended to help the corporation improve the management of its available properties while strengthening its financial resources. The systematic utilisation of vacant land can also help prevent civic assets from remaining unused and allow the corporation to manage its property portfolio more effectively.

The open bidding process will provide interested participants an opportunity to bid for the land in accordance with the prescribed conditions. The lease will be for five years, subject to the applicable terms and completion of the required formalities.

Commissioner Mahabir Prasad Invites Interested Bidders

Municipal Corporation Commissioner Mahabir Prasad said that steps were being taken in accordance with the rules to increase revenue from the corporation’s properties. He said the process of leasing the vacant land at Chaneti would be completed through an open auction.

The commissioner appealed to interested bidders to participate in the auction and complete all required formalities. Participants will need to comply with the prescribed conditions, including the deposit of the security amount before bidding and fulfilment of the obligations applicable to the successful bidder.

The auction is scheduled for October 30 at 11 am at the Municipal Corporation office near Shaheed Bhagat Singh Chowk. Interested participants should take note of the venue, timing and financial requirements before attending the bidding process.

Key Auction Conditions and Financial Requirements

The Municipal Corporation has specified several conditions for participation in the auction. Commissioner Mahabir Prasad said every bidder would be required to deposit a security amount of ₹20,000 before participating in the bidding.

The reserve price for the land has been fixed at ₹40,000. The final bid and the subsequent lease arrangements will be subject to the auction process and the corporation’s prescribed approval and conditions.

The successful bidder will be required to prepare the agreement or lease deed at their own expense within seven days. One copy of the duly prepared document must then be submitted to the Municipal Corporation office.

The first year’s lease amount must also be deposited within seven days of approval of the open auction. These requirements are intended to ensure that the successful bidder completes the necessary documentation and payment formalities within the stipulated time.

Important Details for Prospective Participants

The auction will offer interested bidders an opportunity to obtain the land on lease for five years, subject to the terms laid down by the Municipal Corporation. Prospective participants should ensure that the security deposit and other requirements are met before taking part in the process.

The civic body has urged interested bidders to follow the prescribed procedure and complete the necessary formalities. Participants should verify the applicable auction conditions with the Municipal Corporation before bidding, particularly the requirements relating to the security deposit, lease documentation and payment of the first year’s lease amount.

Through the proposed auction, the Yamunanagar Municipal Corporation aims to improve the utilisation of its vacant property while generating revenue through an open and rule-based process. The initiative reflects the civic body’s emphasis on managing municipal assets more efficiently and making better use of available resources.