The detailed terms & conditions of auction including procedure for registration & participation in auction, schedule of payments of the auctioned plots, permissible industries and “Rules governing allotment of industrial plots in Industrial Estate Davni” may be seen in the Office of the Executive Engineer, HP SIDC Limited, Baddi before or at the time of auction and shall form part of the auction. These can also be seen and print-out taken from the Corporation’s website - www.hpsidc.nic.in. A brochure containing all the required information, detailed terms & conditions including the tentative lay-out plan of plots is available in the offices of the Corporation at Shimla and Baddi on payment of Rs.100/- in cash or by demand draft payable to HPSIDC at Shimla/Baddi and shall be available from 27th April, 2010 across the counter. If required by speed post, additional charges of Rs.50.00 may be added.

DISCOUNT: However, a discount of Rs.100/- per sq.mtr. shall be given to successful bidders in case the entire sale consideration of the plot is deposited in full within one month i.e. on or before 06.06.2010 and 06.07.2010

The successful bidder shall have to deposit 10% of bid amount at the fall of hammer. The payment schedule has to be adhered to strictly in accordance with the dates given in the brochure. In the event of the Corporation not receiving any payments by due dates, 10% bid amount deposited at the time of auction shall stand forfeited. The reserve price of the plots is Rs.3500/- per sq.mtr.

The allottees shall have to obtain all statutory and regulatory clearances from the competent State authorities including factory license, if required.

The Auction Committee reserves the right to accept/reject any bid or withdraw any plot from auction at its discretion without assigning any reasons thereof.

MANAGING DIRECTOR
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Tel.Nos.Head Office : 0177-2624059/2621426/2624751           Fax No.0177-2624278
Baddi Office : 01795-244148/246148; 94184-95390
e-mail:hpsidc@rediffmail.com                                                      Web site:www.hpsidc.nic.in

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Last Reviewed/Updated : Thursday, April 22, 2010