MCG cancels auctioning of tax defaulters’ properties due to poor bids

By City Spidey
Photo: City Spidey
Posted: Jun 21, 2018

The Municipal Corporation of Gurugram (MCG) on Wednesday cancelled the auctioning process for properties of tax defaulters due to poor bidding. The auction was going on at Huda Gymkhana Club in Sector-29.

As per the officials, the properties will now be sold through the e-auctioning process.

The officials said, “Auctioning process started with a 638 square yard space at Ansal Corporate Plaza in Palam Vihar which was valued to be around Rs 20 lakh. The MCG had reserved a bidding price of ₹1.25 lakh for the property. But, the price only reached Rs 1.56 lakh even after three bids. Seeing the poor bidding, the officials then called off the auction process.”

“A total of six properties were scheduled to be put under the hammer. However, these will now be sold through an e-auction,” MCG spokesperson SS Rohilla said.

It was the second occasion when MCG had to terminate an auction. They had also cancelled an auction on August 28, 2017.

MCG commissioner Yashpal Yadav informed that properties of tax defaulters will now be sold through the e-auctioning process.

Yadav had also reminded the defaulters about the MCG rebate scheme which will expire on July 31.  He said, “The defaulters should take advantage of MCG rebate scheme which offers 10 per cent amnesty on property tax dues else they will be sold through e-auction.”

As of now, the MCG has been successful in auctioning 10 of the properties by garnering Rs 8 crore in two auctions held in the past.

TAGS: Auctioning of properties in Gurgaon / Property tax defaulters / Poor bids in auction in Gurgaon / Gurgaon disputed properties / Gurgaon news