Catalogue For Industrial Plot
Catalogue For Industrial Plot
Catalogue For Industrial Plot
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Annexure -I
Last date for online deposition of Catalogue Fee (Document Fee), 24.06.2024
Application Processing Fee (Participation Fee) & EMD by bidder 06:00 PM
26.06.2024
Last date for final submission of documents 06:00 PM
Last date for online payment of additional EMD based on H1 bid by the H1 12.07.2024
bidder 05:00 PM
Contact information
For information regarding the registration and e-auction process:
Helpdesk by Service Provider
Call Center Ph: 022-22811110 UPSIDA Contact details:
E-mail: etender.support@sbi.co.in E-mail: eauction@upsida.co.in
(Monday to Friday 10:00 AM to 7:00 PM and
1st& 3rd Saturday 10:00AM to 6:00 PM)
Customer complaints will be responded within 1 working day.
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Annexure -II
Application form
To
Uttar Pradesh State Industrial Development Authority
Dear Sir,
Auction Reference No
Date of
notice/advertisement
Plot no
Plot area
Plot type
Reserve Price
2. I/We have perused all the terms and conditions mentioned in the auction catalogue and I/we are
rendering our unconditional agreement to the same.
3. We agree to abide by all the instructions contained in the above indicated Auction notice, your
terms and conditions of Sale and General Rules and Regulation Governing conduct of online
Auction on the Service provider’s platform/ website.
4. I/We understand that my/our bid in an e-auction event would be construed as my/our acceptance
to UPSIDA’s terms and Conditions of the sale, General Rules & Regulations governing the
conduct of Online Auctions on the Service Provider Platform, Auction Notice. I/We understand
that if our bid is approved by UPSIDA, I/We are obliged to complete the transaction and abide by
all Terms & Conditions mentioned in this auction document.
5. The undersigned is the authorized signatory for the company and is well within his rights and
powers bestowed on him by our company to sign this application form and other relevant
documents related to the bidding and award process.
6. I/We are aware of the online auction process and would be able to perform all necessary activities
on the e-auction system unassisted by UPSIDA/SBI.
7. I/We agree that I/we shall change the password to access the e-auction system on receipt by
me/us and keep it confidential. I/We agree that Service Provider shall not be held responsible in
any way for any losses that may be suffered by me /us as a result of disclosure of the password to
any other person by me.
8. I/We understand that my/our inability to participate in an e-auction event due to disruption of my
/our internet services, or due to bandwidth problems with my/our local internet service providers
are beyond the control of the Service Provider and I shall not hold them liable for the same.
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9. In the event of any failure on our part to comply with all or any of the Terms & conditions
regarding the online forward auction, I/We irrevocably agree that the penal actions as detailed in
the auction catalogue may be undertaken against me.
10. I/We also agree that UPSIDA is not bound to accept the highest or any bid or to assign any reason
for such non-acceptance.
11. UPSIDA shall not be responsible for any consequential, incidental, indirect, punitive, exemplary
or special damages of any nature whatsoever, including, without limitation, lost profits or losses
or for any damages arising out of or in connection with any malfunctions, delays, loss of profit or
interruption of service arising out their supply of material to us, other than all other
12. I/We agree to deposit non- refundable Catalogue fee Rs. 1770/- (inclusive of GST 18%) and
Application Processing Fee (Participation Fee) of Rs. 2,360.00/-(inclusive of GST 18%) with the
submission of Application Form.
………………………………………………………………………………………………….
14. The following persons in our company may be contacted by UPSIDA as and when the need arises
during and after the e-auction and award process. I/We further undertake that we will update
UPSIDA in case of any change in the persons/their contact details.
Sl No. Contact Person & Contact no (Mobile e-mail ID Contact Address
Designation & Landline)
1
2
3
Yours faithfully
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General Rules and Regulation of E-Auction for all bidders
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Supporting/ KYC document:
2. Registered Bidder should be the authorised signatory of the legal entity applying for the land
allotment through e-auction. Except the case of bidder is applying as individual for himself/herself or
proprietor applying on behalf of the firm, the application without authorization letter shall be treated
ineligible.
3. Following Self Attested Documents are required to be submitted by bidder for e-Auction of
industrial plots:
i. Documents:
► Filled application form (as attached in Annexure-II, given on Page No. 2&3)
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Note: Proposed capital investment as per project appraisal by recognized financial institution
duly certified by Chartered Accountant. (Only for the projects with capital investment
exceeding INR 25 Crores.)
ii. Last date and time for the submission of application including uploading/submission of
required documents, payment of catalogue fee (document fee), payment of Application Processing Fee
(Participation Fee)and deposition of Earnest Money, by bidder as mentioned above in Annexure-I.
The bidder is required to agree to all terms and conditions of the catalogue against which they
are uploading documents. Doing so would also mean that they:
a. Certify that the documents uploaded, and the information contained therein is true to the best
of their knowledge and belief.
b. Certify that they have re-checked all the documents after uploading them as draft and they are
satisfied that all of them are correctly uploaded.
c. Understand that once the documents are submitted online, they will not be allowed further to
add/remove/modify/change the documents at any later stage during the auction process.
d. Agree to take full responsibility in case any document is found incorrect/incomplete in any
manner, and UPSIDA and/or SBI shall not be responsible for the same in any manner.
I. If number of applicants in the catalogue are less than 3, application and payment submission date
for such catalogue will be extended for 7 working days.
II. For the type of catalogues as mentioned in the I above, such extension can happen maximum 2
times.
III. Such catalogue will proceed for auction even if the number of qualified buyers remains less than 3
in the second extension.
IV. If any catalogue is rolled over, to increase the participation for the bid by 7 working days’ time
extension for submission of the application, new date of the auction shall be provided through
corrigendum.
V. In case of extension, previously all eligible bidders will be considered eligible for roll over and
they do not need to submit separate/ new application.
VI. After Scrutiny, if number of eligible bidders remains less than 3 for a plot in main auction or 1st
roll over, in such situation,UPSIDA will cancel the auction for that plot.
Investment criteria –
As per order No. 2067/77-06-20-LC 32/15 TC-2 dated 07.08.2020, for plots situated in Noida and
Greater Noida region Minimum Rs. 7 Cr Per Acre and in other areas Rs. 2 Cr Per Acre investment
is required, any proposal below the above-mentioned Investment will be rejected.
(1) All applicants are required to make payment of Earnest Money Deposit (EMD) within the
stipulated timelines for their documents to be evaluated for further processing.
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(2) The EMD is calculated as 10% of the value of reserve price of the plot/property for Very-Fast
and Fast Moving Industrial Areas and 5 % of the value of reserve price of the plot/property for
Slow Moving Industrial Areas of the plot/property being allotted through e-auction initially. At
the end of the auction process the EMD will be 10% and 5% of the value of the plot/property
based on the H1 bid price respectively for Very-Fast and Fast Moving Industrial Areas and
Slow-Moving Industrial Areas.
(3) Initial EMD deposited by the bidder is refundable to bidders if in any case they are deemed
ineligible in the document scrutiny process or they are not the H1 bidder in the Auction Stage.
(4) Automated refund of Un-qualified & Un-successful bidder will be processed within 3 working
days after the closure of auction.
(1) Documents will be available for scrutiny in the UPSIDA officer’s access to the e-auction
platform, immediately after submission of all documents, application fee payment, catalogue
feepayment and EMD payment is completed by the bidder.
(2) Upon completion of the scrutiny, each individual bidder will receive an automatic E-mail
intimation sent by service provider on registered email ID/ bidder Dashboard in e-auction
system of the bidders informing them of about approval/rejection of their application after
scrutiny with the reasons for rejection.
(3) UPSIDA may also ask for clarification through e-auction system, such applicants may submit
clarification (maximum 1000 characters) through e-auction system only within 2 days from the
date of clarification raised without submitting any additional documents.
(4) Review of application on basis of clarification will be done prior to e-auction date and all
bidders who had submitted the clarifications will receive intimations on their registered E-mail
ID or e-auction dashboard, informing them about the approval/rejection of their application after
consideration of their submitted clarification.
E-auction stage:
(i) Bidding process will be done on the basis of lease premium rate.
(ii) Auction will be started on predefined date and time on E-auction portal
(https://eauction.etender.sbi/SBI/ ).
(iii) Technically qualified bidder has to login with their User ID and Password and has to click on
“Live Auction’ stage. Only auction for which bidder has been technically qualified will be
visible.
(iv) Bidder has to click on details of plot against their auction and then accept terms and conditions.
(v) Bidder will be redirected to live bidding page and here bidder has to do live bidding.
(vi) Bidding will be started from Auction Reserved Price (Total value of plot).
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(vii) Only bid higher than the H1 bidder will be accepted by the system except first bid. For the ease
of the bidder system will display present H1 bid and value of next minimum bid, however
bidder may bid any value higher than H1 bid which should be Total value of Plot adding
incremental value in multiple of whole number.
(viii) Bidding will be continued for the predefined period. If any bidder adds value in the last
5minutes, then auction will automatically be extended for further 15 minutes from the
predefined period. Maximum 10 such extension shall be provided.
(ix) If at any stage of E-auction (predefined period and extension period if any) system didn’t get
any value in the last 5 minutes, auction will be ended after completion/termination of time and
the last H1 bid will be considered as the provisionally winning bid, subject to approval of
UPSIDA.
(x) The bids submitted by the bidder will be binding on him/her.
Bidders are strongly advised to monitor the auction system continuously to ensure that
they do not miss out on bidding in any stage.
(xi) Automated refund of non-H1 bidders’ EMDs will be initiated to their payment source account,
after the termination/completion of the e-auction process. These refunds will be processed
within 3 working days after the closure of e-auction and approval of H1 bidder by UPSIDA.
i. UPSIDA reserves the right to accept/reject any bid at any stage, including the highest bid
without assigning any reason for the same.
ii. The auction service provider shall send e-mail intimation to the final H1 bidder intimating
them about their H1 status and instructing them to make payment of Balance EMD.
iii. The H1 bidder is required to allocate the balance amount of EMD based on bid price after
adjustment of previously deposited amount of EMD within 3 days of receipt of the email
intimation. This Balance EMD amount is calculated as the difference between 10%(for
Very-Fast and FastMoving Industrial Area)/5%(for Slow Moving Industrial Area) of the
value of the plot/property based on the H1 bid in the e-auction process and the EMD
amount already paid.
iv. In case of non-payment of Balance EMD within the specified period by the final H1
bidder, the plot shall not be offered to the H2 or any other bidder through this auction
process. The previously deposited EMD of the final H1 bidder in such cases shall be
forfeited and new e-auction for the plot will be initiated.
v. After confirmation of the payment of Balance EMD amount from the H1 bidder, UPSIDA will
process approval of allotment of plots to H1 bidder and issue the allotment letter within 7
working days.
vi. The final H1 bidder is required to deposit Reservation Money within 60 days of issuance of
Allotment Letter as per the Terms and Conditions described in this document and allotment
letter. The Reservation Money is calculated as 50% of the value of lease premium of plot
/value of property for Very-Fast and Fast Moving Industrial Area and 25% of the value
of lease premium of plot /value of property for Slow Moving Industrial Area(Reservation
Money includes EMD amount already paid) and shall be payable as per UPSIDA’s prevailing
rules and regulations.
vii. In case the final H1 bidder fails to pay the reservation money within 60 days of issuance of
allotment letter, the EMD deposited shall be forfeited and new e-auction for the plot will
be initiated.
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viii. The final H1 bidder would have an option to pay full and final payment of the total
Premium of the plot within 60 days from the issue of Allotment Letter. In such a case,
2% rebate will be given on the total Premium of the plot /value of property.
► Bidders must be extremely careful to avoid any wrong bidding (whether typographical or
otherwise). They must check and rectify their bid (if required) before submitting their bid in
the live e-auction floor by clicking “Submit Bid” button. The Bidders shall be solely
responsible for all consequences arising out of the bid submitted by them (including any
wrongful bid submitted by them).
► Bidders must always ensure to keep their e-mail address valid and active. It is the
responsibility of the customer to verify the status of their bids and check their e-mails to
take necessary action as required within the particular time frame.
► Each property put up for auction shall be deemed to be a separate contract of allotment.
1 - Operating System -
Windows 7 or advance version
3 - Internet Browsers -
Google Chrome (Latest versions)
Mozilla Firefox (Latest versions)
1. Date of issue of allotment letter will be considered as the date of allotment for all future
purposes
2. Interest chargeable on the total balance outstanding premium will computed from the date of
allotment and payable half yearly on 1st day of January and 1st day of July of each year.
4. The amount together with the Earnest Money already deposited equal to 10%(for Very-Fast
and Fast Moving Industrial Area) / 5% (for Slow Moving Industrial Area) of the total
Lease Premium of the plot at the H1 bidder rate is called EMD for allotment of plot and is
payable along with the value of the existing construction as shown in the plot details within 3
days from the date of intimation of auction status to the H1 bidder. If the payments are not
made within the stipulated time, the auction process shall automatically stand cancelled and the
EMD of H1 bidder will stand forfeited by UPSIDA.
5. Reservation money shall be equal to 50% of the value of lease premium of plot /value of
property for Very-Fast and Fast-Moving Industrial Area and 25% of the value of lease
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premium of plot /value of property for Slow Moving Industrial Areaat the H1 bidder rate,
after adjustment of EMD as per clause 4 and subject to adjustment according to the actual
measurement of the plot. The reservation money shall be payable within 60 days from the date
of allotment. If the payments are not made as stipulated in the ALLOTMENT LETTER within
60 days from the date of allotment, the allotment will automatically stand cancelled and the
EMD will stand forfeited to UPSIDA. However, if the area of the allotted plot either exceeds
the area as per catalogue or falls short by more than 20%, the EMD will not be forfeited if the
allotment of additional land or deficient land is not accepted by bidder within 15 days from
allotment, provided intimation is sent in this respect to UPSIDA by bidder within the stipulated
date.
Note –
The lease premium of plot mentioned above is liable to be increased on account of increased
compensation or additional infrastructure development in the area. Such charges shall be
payable by the allottee as and when they are applicable and notified by UPSIDA. Intimation by
Chief Executive Officer of UPSIDA in this regard shall be final and binding on bidder.
6. The remaining of the Lease Premium of plot has to be paid by the H1 bidder in 6 equal half-
yearly installments, each of which will be due on 1st day of January and 1st Day of July each
year.
An interest MCLR+1% per annum will be charged on the outstanding (balance) premium with
effect from the date of allotment and shall be payable along with the instalment of premium as
per above clauses OR as per the terms & conditions of Allotment Letter. Up to the payment of
theamount of balance premium and the interest due thereon from time-to-time, UPSIDA shall
retain first charge on the land and the building and machinery erected therein till it is (they are)
paid in full.
In case of default in payment of instalment on the due date as mentioned in the allotment letter,
a penal interest of 3% (compounding Six monthly), other than normal differential rate of
interest (MCLR+ 1%) shall be applicable.
7. The stamp duty, the registration charges and legal expenses involved in the execution of the
Lease Deed and other agreements from time to time shall have to be borne by the winning
bidder.
8. The H1 bidder has to execute a Lease Deed within 120 days from date of allotment by
submitting the following documents:
a. Valid UdyogAadhar registration for the item of manufacturing and the plot for which
this allotment is made
b. Payment of outstanding dues of UPSIDA till the date of execution of Lead Deed as
mentioned in clauses 4, 5 and 6 of this section
c. Detailed statement showing shareholders/Director position duly certified by CA
d. Necessary stamp papers/e-stamp/Bank Guarantee (as per Govt. Order)
e. Any other formalities/papers as required
9. The H1 bidder has to take over possession of land within 30 days of executing the Lease Deed
10. The H1 bidder shall have to get the maps approved within 90 days of taking possession. The
formalities to be done in this regard are available on the website www.onlineupsida.com .
11. The H1 bidder has to start construction within 30 days of approval of the map
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12. The H1 bidder has to start production on the plot within the allocated period and intimate
UPSIDA of the same. The time extension shall only be considered on merits and shall entail
time extension charges.
13. The plot has been allotted on “as is where is” and “no complaint” basis. Site leveling, site
development etc. if any, is to be undertaken by the H1 bidder shall be done at their own
expense. The H1 bidder has to pay to UPSIDA within 30 days from the date of demand made
by UPSIDA, from time to time such recurring fee in the nature of service and/or maintenance
charges as determined by UPSIDA under the rules and regulations prevailing at that time. In
case of default, the H1 bidder will be liable to pay interest @ MCLR+1% plus 3% penal
interest p.a. on the default amount for default periodas per the Demand Notice issued by
UPSIDA in this regard.
14. The Plot shall be utilized only for the purpose it has been allotted and industrial unit is to be
made functional as defined in the Rules and Regulations of UPSIDA within the time period as
applicable/as approved in the allotment letter. Presently the time allowed on the basis of
Capital investment is as follows: -
Capital Investment in the Project (INRCrores) Period for setting up of industrial unit
Less than or equal to INR 25.00 Crores 2years from the date of allotment
More than INR .25.00 Crores but Less than or
3 years from the date of allotment
equal to INR 50.00 Crores
More than INR 50.00 Crores but Less than or
4years from the date of allotment
equal to INR 100.00 Crores
More than INR100.00 Crores 5 years from the date of allotment
i. Capital investment shall be determined by the capital investment proposed in the industrial
project as specified in the Project Appraisal Report.
ii. In case of non-utilization of plot within the period as above by the bidder, Time Extension for
setting up the unit may be granted by UPSIDA solely on its discretion as an Enabling
Provision on payment of Time Extension Fee at the rate prevailing at the time of grant of Time
Extension by UPSIDA within the Rules and Regulations of UPSIDA prevailing at that time.
iii. The transfer of plot, change/addition of industrial project, pledging of Lease Deed for
borrowing from Financial Institutions and other services shall be governed by the then
prevailing rules and regulations of UPSIDA.
iv. The H1 bidder will adhere and submit to the rules and regulationsof the UPSIDA related to the
planning standards of the plot, development plan of the areain the Industrial Development
Area or so far as they affect the health, safety and convenience of the other inhabitants of the
place, and will not release any obnoxious gaseous, liquid or solid effluents from the unit in
any case.
v. The H1 bidder will establish at their own cost an appropriate and efficient effluent treatment
system/plant and will ensure that it is ready and functional as per the norms and specification
expected laid down or stipulated by the state Effluent Board/ U.P. Pollution Control Board and
any other authority established by law for the time being in force before the production is
commenced in the unit set up on the plot.
vi. Whenever the industrial area is included in the jurisdiction of Municipal Corporation or
Board, Cantonment Board, Zila Parishad, Town Area or (any) local bodies (body), the H1
bidder will become liable to pay and discharge all rates, taxes, charges, claims and outgoing
chargeable imposed and assessment of every description, which may be assessed, charged, or
imposed upon them by the local body and will abide by the laws, rules and direction of the
local body.
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15. The H1 bidder will make appropriate arrangements at their own cost for proper disposal of
wastewater produced in their unit.
16. The H1 bidder will have to apply for and obtain power connection from the local agency/U.P.
State Electricity Board as the case may be at their end and cost.
17. The allotment will be cancelled if and when any of the following mentioned violation happens
and further action after cancellation shall be taken up as mentioned in this document:
a. If the H1 bidder fails to comply to any of the conditions stipulated herein above
within the time stipulated above
OR
b. If the H1 bidder fail to make payment of interest and/or premium on or before the
due date(s) mentioned in this document
OR
c. If the H1 bidder fails to comply to any clause mentioned in this document
OR
d. If the H1 bidder violates any terms and conditions of allotment letter, Lease Deed
executed for the plot or any other rules or regulations of UPSIDA
18. In the event of cancellation of the allotment on account of any default on the H1 bidder’s
part, the following will stand forfeited to the UPSIDA
a. Interest @MCLR+1% per annum from the date of allotment on the total unpaid
premium from time to time till the date of cancellation of allotment without
allowing rebate in interest, mentioned herein above, irrespective of the fact whether
the dues had been paid in time or not.
AND
b. Use and Occupation charges/Lease Rent from the date of allotment upto the date of
cancellation
AND
c. In the case of constructed sheds allotted by UPSIDA, 2% of the cost of the shed
towards depreciation. The Balance amount, if any, out of the deposits made by the
H1 bidder till then, after deducting the amount to be forfeited as above, will be
refundable. In case the total of the amounts paid is less than the amounts to be
forfeited, the H1 bidder shall be liable to pay the difference and the same shall be
recoverable by UPSIDA from the winning bidder.
19. In case the allotment is surrendered within the 30 days from the date of allotment, 1% of bid
valueshall be deducted, and the balance shall be refunded without any interest.In such case of
surrender of allotment only application made on official e-mail (ceo@upsida.co.in) will be
considered and date of receiving of email will be considered as date of surrender.
20. In the event of surrender of the allotment after 30 days the following amount will stand
forfeited to the UPSIDA
i. Interest @ MCLR+1% per annum from the date of allotment upto the date of
surrender of the allotment on the total balance (unpaid), premium from time to time
allowing the rebate (in interest) irrespective of the fact whether the payments were
made in time or not
AND
ii. Use and Occupation charges/Lease Rent from the date of allotment till the date of
surrender
AND
iii. The cost of shed towards depreciation as per prevailing UPSIDA policy, in case of
constructed sheds allotted by UPSIDA
The Balance amount, if any, out of the deposits made by the H1 bidder till the date of
surrender after deducting the amounts to be forfeited as above, will be refundable. In case the
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total of the amounts paid is less than the amount to be forfeited, the H1 bidder shall be liable
to pay the difference and the same shall be recoverable by UPSIDA from the H1 bidder.
21. The H1 bidder will not employ in their unit any process generating smoke or fumes or
involving use of chimney and any use of fossil fuel in the process which may cause
atmospheric pollution and/or would not discharge liquid effluent which may be obnoxious by
nature or cause pollution without obtaining necessary approvals from statutory authorities
such as UP Pollution Control Board, Fire Department etc. The unit should not involve any
significant emission of particles and/or gaseous substance in the air.
22. In employing labor for the industry, skilled, semi-skilled or unskilled, shall give preference to
one or two able-bodied persons from the families whose land has been acquired for the
purpose of the said Industrial Area.
23. The H1 bidder will be pay ‘use and occupation charges/lease rent’ at the rate of INR 1/- per
square meter per year during the first thirty years, INR 2.5/- per square meter per year during
the next thirty years after expiry of the first thirty years and INR 5/- per square meter per year
during the next thirty years after the expiry of the first sixty years. Use and occupation charges
are payable till the date lease is granted to you where after lease rent will have to be paid and
shall be charged as per + applicable GST. The rules and regulations of UPSIDA as applicable
from time to time.
24. The allottee/lessee will mention the name of UPSIDA Industrial Area in the postal address of
his correspondence letter.
25. The minimum covered area required for completion within the above specified period shall be
as per the prevailing building by laws of UPSIDA.
26. It will be the H1 bidder’s sole responsibility to get the No Objection Certificate from UPPCB
(U.P. Pollution Control Board) and if it is not furnished to UPSIDA, the H1 bidder shall be
liable for action according to law and UPSIDA will not be responsible for any of the bidder’s
acts or omissions which may be in contravention to the U.P. Pollution Control Board rules and
environmental laws.
28. The H1 bidder shall make all arrangements for rainwater harvesting and all other laws framed
by the Govt. to protect the environment.
29. If it is found that the H1 bidder has misrepresented the facts or submitted wrong information
for getting this allotment, the allotment shall be void and the entire amount deposited by the
H1 bidder shall be forfeited.
Governing Law:
This Agreement is construed and shall be governed in accordance with the laws of India without
giving effect to any principle of conflict of law.
Jurisdiction:
The Court at Kanpur shall have exclusive jurisdiction on any of the terms touching upon any subject
matter of this agreement.
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Definitions
Auction
Auction refers to a forum where one/more items of the Seller are stated and the participants
(customers) are required to bid up the price to be selected to purchase the said items.
Online Auction
Online auctions refer to those auctions conducted through the Internet with the customers (from one or
more locations) simultaneously bidding to be selected for purchasing the item/s on Auction. In other
words, the venue for the auction is on an Internet website/ platform.
Services refer to the Online Auctions conducted by the Service Provider through its website as the
venue for the purpose of the Online Auction.
Client
Client is the individual/business entity who has contracted "Service Provider" to conduct such auction.
In case of auction, the purpose would be the genuine intent to sell the selected item/s (Lot) to the
customers desiring to buy these items from the Client.
Customer
Customer is the individual/business entity participating in the auction, intending to buy the item(s)
from the Client. To be become a customer in the auction, a business entity has to secure client
approval for participation and also provide written assent to the General Rules and Regulations.
Auction Engine
Auction Engine refers to the software that encapsulates the entire auction environment, processing
logic and information flows. "Service Provider" is the sole owner of the auction engine and retains
exclusive right over the utilisation of the same.
Preview Time
Preview Time refers to the period of time that is provided prior to the commencement of bidding. This
is to facilitate approved participants to view the auction details such as item specifications, bidding
details and bidding rules. The purpose is also to familiarize participants with the functionality and
screens of the auction mechanism. It is not mandatory for "Service Provider" to provide Preview Time
Start Time.
Start time refers to the time of commencement of the conduct of the online auction. It signals the
commencement of the Price Discovery process through competitive bidding.
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Duration of the Auction.
It refers to the length of time the price discovery process is allowed to continue by accepting bids from
competing customers. The duration of the auction would normally be for a pre-specified period of
time. However, the bidding rules may state the conditions when the pre-specified duration may be
curtailed/extended. The conditions include:
► Curtailment of auction duration in the event of no bids for a specified period of time (Inactivity
Time)
► Automatic extension of auction in case even a single bid is received in a particular extension.
Auction Report.
“Service Provider" would provide an Auction Report to the Client containing a summary of the
auction proceedings and outcome. The Auction Report would constitute the official communication
from "Service Provider" to the client about the outcome of the Auction.
Group Housing
“Service Provider" means Residential Flat/High Rise/Double Storied buildings with Retail and Service
shops and social facilities as per population norms and as per the building by laws and applicable Land
Development Regulations of UPSIDA
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