The Pune Metropolitan Region Development Authority (PMRDA) has made an important announcement regarding the highly anticipated e-auction of 120 shops located in Bhosari Peth number 12, a residential scheme. The registration deadline for interested parties has been extended, giving them more time to participate in this unique auction. The new deadline for registration and downloading bidding documents is now July 24, 2023.
This auction presents a great opportunity for individuals and businesses looking to acquire commercial spaces in Pune. The shops on offer vary in size, ranging from a minimum of 10.36 square meters to a maximum of 23.09 square meters. What makes this auction particularly appealing is the lease duration of 80 years that will be granted to the successful bidders. The base prices for the units start at INR 855,000, with the highest base price set at INR 1,907,580.
The e-auction is scheduled to take place on August 10, 2023, starting at 11:00 am. The entire auction process will be conducted online on the dedicated e-Auction portal (https://eauction.gov.in). To participate in the auction, interested individuals and businesses are required to register on the portal and carefully follow the instructions provided for downloading the bidding documents. The registration and document download process will remain open until 5:00 pm on July 24, 2023.
This extension of the registration deadline by the PMRDA provides potential bidders with additional time to review the details of the auction and complete the necessary registration process. It allows for a more inclusive and competitive bidding process, ensuring that interested parties have ample opportunity to participate and make informed decisions.
The PMRDA’s e-auction of commercial shops in Pune is expected to generate significant interest among investors, entrepreneurs, and businesses looking to establish a presence in this vibrant city. The extended deadline for registration offers a chance for more participants to engage in the auction and seize the opportunity to acquire prime commercial spaces in Bhosari Peth number 12.
