(1) In case of failure to get any successful bid for any property during a tender or auction, the tender or auction for such properties shall be done for second time with due notice and publicity with same terms and conditions as specified for the first open tender or auction.
(2) In case of failure to get any successful bid for any property during the second tender or auction as well, the tender or auction shall be done for third time with due notice and publicity and the minimum refundable One Time Deposit (OTD) amount or the tender or auction upset price shall be made 90% of the tender or auction upset price for the concerned property during the first open tender or auction.
(3) In case of failure to get any successful bid for any property during the third tender or auction as well, the tender or auction shall be done fourth time with due notice and publicity and the minimum refundable One time deposit (OTD) amount or the tender or auction Upset Price shall be made 80% of the tender or auction Upset Price for the concerned property during the first open tender or auction.
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(4) However, in case of failure of tender or auction even in the fourth time tender or auction, the matter shall be reported to Chief Commissioner with details and the further decision shall be taken by the Chief Commissioner.
11. Reservation- (1) In case of leasing out of shops under these rules, 17% of the same shall be reserved for the members of the Scheduled Caste and 7% for the members of the Scheduled Tribe. The allotment shall be through an open tender or auction under these rules among the said category of persons who are otherwise eligible.
(2) A reservation of 2% of the shops being leased out under these rules shall be made for the persons with disability of not less than 40%. The same shall be through an open tender or auction under these rules among the said category of persons who are otherwise eligible.
By Order and in the name of the Governor of Karnataka (NANDAKUMAR B.)
Under Secretary to Government, Urban Development Department (BBMP-2 and Coordination).
ಮುದÎಕರು ²ಾಗೂ ಪÎ�ಾಶಕರು:- ಸಂಕಲ£ಾĩ�ಾĸಗಳ�, ಕ£ಾ�ಟಕ ªಾಜÍಪತÎ, ಸ�ಾ�ĸ �ೇಂದÎ ಮುದÎ�ಾಲಯ, ¦ೆಂಗಳ�ರು R.N.I. No. KARBIL/2001/47147 POSTAL REGN. No. RNP/KA/BGS/2202/2017-19 Licensed to post without prepayment WPP No. 297 2025-01-01T18:18:26+0530 THAMMAIAH