(1) The Trust shall dispose of residential plots, multi-storeyed houses or commercial plots/Multi-storeyed flats (Self financing Scheme)/other properties in a Scheme in the manner shown in Table below:- TABLE Sr. Category of plot or House Manner of Allotment No.
Through Through Draw E-Auction of lots
1. Residential Plots Fifty percent Fifty Percent (only on first Sale and subsequently by E-Auction) Section 8 PUNJAB GOVT. GAZ. (EXTRA), OCTOBER 26, 2021 (KRTK 4, 1943 SAKA) 2655
2. Multi-storeyed flats ----- Hundred Percent (Self financing Scheme)
3. Commercial Plots Hundred ------- Percent
(2) a. In case the area of a plot is found more or less than the size of Allotted plot, due to some technical error in measurements or otherwise, the variation in area upto ten percent can be allowed at the level of the municipality and if variation is more than ten percent, then approval of the Government is to be taken by the municipality.
b. Open areas except green spaces may be Allotted to the person with whose plot such area adjoins, and such area :-
(i) is lesser than the size of an independent plot, matching the size of the plot or of any other size, so carved out in Scheme in such area.
or
(ii) it cannot be used as a plot of some other size in such area. or
(iii) it cannot be used for any other purpose.
the price at which such area is to be Allotted will be determined by the Price and Rent Fixation Committee.