BOMBAY PARSI PUNCHAYET PUBLIC NOTICE FOR AUCTION OF FLAT AT GAMADIA COLONY

The Bombay Parsi Punchayet is in possession of a 2 Rooms + Kitchen Flat admeasuring about 827.94 Square Feet Carpet area on the 2nd Floor, being Flat No. 6, Building No. 7 in Gamadia Colony, Tardeo Road, which has reverted to the Trust. The said flat is proposed to be offered on Leave & License basis to prospective offerors, who give the highest quantum of Refundable Deposit. (Kindly contact Mr. R. F. Patel on 022 22617421/22/23 or Mobile : 9819946387 from Monday to Friday between 11.00 am to 5.30 pm for Base Price as well as inspection of Flat)

1. Those interested are requested to attend the Auction to be held at Bombay Parsi Punchayet Office, 209, Dr. D. N. Road, Fort, Mumbai – 400001 with BPP Trustees and Administration on Thursday, 23rd June 2022 at 5.00 P.M. Interested Applicants to submit their proposal in a sealed envelope @ BPP Office (Tel: 022 22617421/22/23 or (M) 9819946387, with a separate Demand Draft of Rs. 1 Lakh in the name of “Funds & Properties of the Parsi Punchayet Bombay” as Earnest Money Deposit, which will be returned if their proposal is not accepted. Please do not put the Demand Draft in the sealed envelope but hand it over separately.
2. Interested buyers must quote value of the Flat in excess of (Reserve Security Deposit amount), exclusive of Stamp Duty and Registration Charges, as applicable for registration of Leave & License Agreement.
3. The sealed envelopes will be opened in the presence of all the applicants on BOMBAY PARSI PUNCHAYET PUBLIC NOTICE FOR AUCTION OF FLAT AT GAMADIA COLONY the same day on Thursday, 23rd June 2022 at 5.00 P.M.
4. The highest offer will be taken as the Second Reserve Security Deposit amount and the applicants will be requested to make an Open offer in excess of this Second Reserve Security Deposit amount.
5. The highest Open Offer will be taken as the Third Reserve Security Deposit amount.
6. The Bid member – Buyer will be guided beforehand by the BPP Trustees and Administration for all 3 Rounds Bidding process. Final Round will be conducted on One-to One basis on direct Phone confirmation for bid in excess of 2nd Round final figure.
7. The flat will be allotted to the highest bidder in this Third & Final round. (If any tie it may occur, one more round will be conducted on same pattern of Third & Final round for Final Highest Figure)
8. 50% of the full Security Deposit amount of the flat must be deposited by the Buyer within 15 days of the auction and the balance 50% within one month of the auction. Failure to make payments on the Due date will lead to cancellation of their offer and the forfeiture of the Earnest Money Deposit. The flat may again be reauctioned, or offered to the second highest bidder, as decided by the Trustees.
9. The Leave & license Agreement will be registered after the Full Security Deposit amount is received by the Trust. Possession of the flat will be given only after Leave & Licence Agreement is executed and registered.
10. The Trustees reserve the right to refuse any or all offers at their discretion without assigning any reason.

By the order of BPP Trustees

A. F. Sarkari CEO

Source: Parsi Junction