Committee - Golden Forest (India) Limited

Appointed by the Hon'ble Supreme Court of India

 

PRIME PROPERTIES FOR SALE IN HARYANA AND PUNJAB

 

Following property (belonging to M/s Golden Forests (India) Ltd and its subsidiary M/s Golden Education Society) is offered for sale, under the orders of the Hon'ble Supreme Court of India. Sealed Bids are invited in the prescribed format for immovable  property mentioned below from the interested parties, so as to reach the office of this Committee –GFIL, Main Building, Golden Forest (India) Ltd. VPO Jharmari, Via Lalru, Ambala-Chandigarh National Highway-22, Tehsil Dera Bassi, Distt. Mohali (Punjab) by 2 pm on 11/04/2011 bid(s) for everyone of the four properties mentioned below should be accompanied by undermentioned  participation money (stated against each property respectively)   in the shape of crossed bank draft in the name of the Chairman, Committee GFIL payable at Chandigarh.  Phone No. of the Committee – GFIL is 0171-2004475.

 

S. No.

Location

Description of Land/Building

Participation Money

Reserve Price

1

Pirmachhala

Mohali

(Punjab)

Agricultural Land adjoining Sector 20, Panchkula, Area Approx. 37.11 Killa

Rs.two crore

Rs.88 Crore

2.

Jharmari – Mohali (Punjab)

School Building with Hostel: Village Jharmari, Tehsil Dera Bassi, NH 22, District Mohali, Area: Approx. 16 Killa & 3 Bigha (School is almost abutting on Chandigarh-Ambala Road – NH 22

Rs.fifty lakh

Rs.25 Crore

3.

Panchkula (Haryana)

at villages:-

(a)Billa &

(b)Jaswant-

    garh

Agricultural Land Surrounded by Road, TBRL, Dental College old building and fields. 10 km from Panchkula on Narain Garh State High way, 2 km inside main road District Panchkula, Area: Approx. 893 Kanal and 6 Marla in village Billa and Approx. 44 Kanal & 4 Marla, in village Jaswantgarh.

Rs.one crore

Rs.52 Crore

4.

Panchkula (Haryana)

[Village Billa]

Hotel & Resort at Village Billa, 10 km from Panchkula on Narain Garh State Highway, 1 km inside main road District Panchkula,

Description: Incompletely constructed Tourist resort, amusement park, Hotel (60 rooms Approx.), Lakes, Green Parks, Farm House, Golf Course (9 hole), Swimming pool and water chute, Area: Approx. 1398 Kanal & 3 Marla.

Rs.one crore

Rs.50 Crore

 

The sale is on “As is, Where Is and Whatever There Is” basis and subject to confirmation by the Hon'ble Delhi High Court. The possession shall be given to the successful bidder. Terms and conditions, format of bid and complete details of these properties can be had from the office of the Committee, between 10 AM and 1 PM on any working day or downloaded from website: (www.goldenforestcommittee.com).

 

The bids for the two properties mentioned above at Sr.Nos.1, & 2 shall be opened on 14/04/2011 at 11.30 A.M, while those for the other two properties mentioned above at Sr.No.3 & 4  shall be opened on 15/04/2011 at 11.30 A.M. at office of the Committee –GFIL, Main Building, Golden Forest (India) Ltd. VPO Jharmari, Via Lalru, Ambala-Chandigarh National Highway-22, Tehsil Dera Bassi, Distt. Mohali (Punjab)  followed by open auction/inter-se bidding on the respective dates of opening of the bids.

 

By order of the Committee-GFIL

(Appointed by the Hon'ble Supreme Court)

 

To be published in the following News Papers:

1. The Tribune (English) – All Editions- on 19.03.2011

2. Ajit (Punjabi)-All Punjab –on 19.03.2011

3. Indian Express, Delhi & Chandigarh  Editions– on 19.03.2011

4. Dainik Bhasker –Punjab/Haryana/Delhi/Indore/Chandigarh Editions-on 19.03.2011

5. Economic Times, Chandigarh Edition – 0n 19.03.2011

 


TERMS AND CONDITIONS FOR SALE

 

Ref:     Properties Sale Advertisement Published in  the News Papers:-

     

      i. The Tribune (English) – All Editions- on 19.03.2011

      ii. Ajit (Punjabi)-All Punjab –on 19.03.2011

     iii. Indian Express, Delhi & Chandigarh Editions– on 19.03.2011

     iv. Dainik Bhasker –Punjab/Haryana/Delhi/Chandigarh/Indore Editions-on

          19.03.2011

      v. Economic Times, Chandigarh Edition- on­­­­­ 19.03.2011

              

                - Relating to:- 

 

1. Pirmachhala Mohali (Punjab):- Agricultural Land adjoining Sector 20,

    Panchkula, Area Approx. 37.11 Killa.

 

2. Panchkula (Haryana) at  villages (a) Billa & (b)Jaswantgarh:-  Agricultural

Land Surrounded by Road, TBRL, Dental College old building and fields. 10 km from Panchkula on Narain Garh State High way, 2 km inside main road District Panchkula, Area: Approx. 893 Kanal and 6 Marla in village Billa and Approx. 44 Kanal & 4 Marla, in village Jaswantgarh.

 

            3. Panchkula (Haryana) [Village Billa]:- Hotel & Resort at Village Billa, 10 km

from Panchkula on Narain Garh State Highway, 1 km inside main road District Panchkula, Description: Incompletely constructed Tourist resort, amusement park, Hotel (60 rooms Approx.), Lakes, Green Parks, Farm House, Golf Course (9 hole), Swimming pool and water chute, Area: Approx. 1398 Kanal & 3 Marla.

 

             4. Jharmari – Mohali  (Punjab):-   School    Building    with     Hostel:  School

Building with Hostel: Village Jharmari, Tehsil Dera Bassi, NH 22, District Mohali, Area: Approx. 16 Killa & 3 Bigha (School is almost abutting on Chandigarh-Ambala Road – NH 22

 

1.         The sealed bids are to be submitted separately for each property along with the participation money payable by way of pay order or bank draft in favour of “The Chairman, Committee-GFIL”, payable at Chandigarh. Bid without participation money shall be rejected.

2.         Sealed bid may be submitted, by a person either individually or jointly with others, on a plain paper in the format given below.  If submitted jointly, then each of the joint bidders must sign the bid.  Also the names/addresses of all joint bidders should be stated in capital letter legibly.

 

3.         In case the bidder is a Company, the bid must be accompanied by a Resolution of the Company, along with the Corporate seal.

4.         Each and every bidder shall attach with his/its bid form a self-attested copy of his/its PAN Card and shall make requisite payment from his/its own bank account.

5.         The sealed Bids may be submitted on or before as per the date stipulated in the relevant advertisement in the newspapers upto 4 pm at the Office of the Committee-GFIL, Main Building, Golden Forests (India) Limited, Village & Post Office Jharmari, Ambala-Chandigarh National Highway-22, Tehsil Dera Bassi, District Mohali(Punjab).

6.         Before submitting sealed bid, the Intending purchasers are advised to inspect the all government records including Municipal/Revenue records of the property.  They are also advised to physically inspect the property concerned before offering bid for it.

7.         Terms   and    conditions   of   sale  may  be amended, modified or altered by the

            Committee at any time without notice.

8.         Committee reserves the right and power to reject any or all the bids, wholly or partially or withdraw any property from sale, without assigning any reason whatsoever.

9.         Further  the  property  may  be put to “Open Bidding” among participating bidders  and  others.

10.       Within ten days of being declared as successful bidder, he/it shall further deposit 20% (excluding participation money) with the Committee-GFIL in the shape of crossed payee account bank draft payable at Chandigarh, in favour of the Chairman, Committee – GFIL, Chandigarh.

11.       In case the highest bidder fails to deposit aforesaid amount of 20% within the prescribed period, his participation amount shall stand forfeited.

12.       No bidder shall be allowed to withdraw his/its bid after  the closing date and time of the receipt of bids.

 

13.       On deposit of 20% of the bid money as required in condition No.8, the Committee shall make a recommendation to the Hon’ble Delhi High Court for confirmation of sale in favour of the highest bidder.

14.       The entire balance amount of the highest bid (exclusive of the participation money and 20% of the bid amount already deposited) shall be deposited by the successful bidder with the Committee within thirty days of the date of confirmation of the sale by Hon’ble Delhi High Court.

15.       If the highest bidder fails to deposit the balance of sale price within the prescribed period as indicated above, his participation amount and 20% of the bid money already deposited by him shall stand forfeited and the property shall be re-advertised for sale.        

16.       Unsuccessful bidder will be refunded the participation money without interest within one week from the date of fall of hammer in the name of the successful bidder.

17.       The sale of properties is on “As is, Where Is and Whatever There Is” basis and subject to the acceptance of the bid by the Committee and its subsequent confirmation by the Hon'ble High Court of Delhi.

18.       The possession of property shall be given only after the receipt of full and final sale consideration from the successful bidder (in whose favour the sale is confirmed by the Hon'ble High Court of Delhi) and the sale certificate has been issued and duly registered.

19.       Court Sale Certificate shall be issued and registered in the name of the successful bidder in whose name the sale has been confirmed by the Hon’ble High Court of Delhi.

20.       The liability of any tax or duty or charges, incidental to sale, or due on the property shall be borne by the purchaser.

21.       It shall be the responsibility of the purchaser to procure/obtain the licence, change of land-user and permissions from the government/ municipality/ administration using for residential purposes or establishing any industry/business/trade in the premises purchased. 

  

22.       The particulars and description of properties given in the advertisement have been stated to the best of the information of the Committee and the Committee shall not be responsible for any error, misprint or omission in the sale notice or in the description of the property (ies).

23.       When the inter se/open bidding is in progress, nobody shall be allowed to leave the venue of the bidding.

24.       Conditional bids will not be accepted.

 

Format of Bid

1. Name and Address of bidder(s).

 

2.  PAN Number(s) of all the Joint bidders:

    Sr.No. Name  and address                                     PAN  Number

     1.

     2.

     3.

     4.

 

3. Details / S. No. of property for which bid is being submitted.

 

4. Amount of bid or bid value.

 

5. Details of participation money i.e. demand draft no., amount, dated of issue, name of

     the bank etc.

6.  Declaration: I /We declare that I have read and understood the Terms and  

     Conditions of the sale of the properties prescribed by the Committee – GFIL and I /we

     shall abide by the same.  I/We further declare that my/our bid is not conditional.

 

7. Signature and seal (if any) of the bidder (All bidders are required to sign).

 

8. Date.