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                                                           AUCTION NOTICE

The following properties will be sold through an open auction on 18th May 2018 at 10:00 AM in the Conference Hall, RICBL, Head Office, Thimphu on “AS IS WHERE IS BASIS”.


1Sonalika Tractor (2014 model),
BP-3- A1854.
Branch Office, Gelephu.17436826
2Tata Indica V2 (2009 model), BP-1-B5404.Regional  Office,
3Tata Tipper (2010 model), BP-2-A4802.Branch Office,
4Rock Breaker of Vovlo Hydraulic Excavator.Olakha,Thimphu.17114261
5Tata Truck 2516, 10 wheelers
(2010 model),     BP-2-A5743.
Town, Trashiyangtse.17772186
6Backhoe Loader One Unit JCB Robot Skid with Hammer (2010 model), BP-1-A2687.Town, Trashiyangtse.17772186
7One unit Volvo Excavator (2011 model),
Buyang, Trashiyangtse.17772186


10.39 Acres wet land under T/No.
PT-576 and P/No.156/L.
22.862 Acres dry land under T/No.352 and P/No.PLN-1177.Pachu, Phuentsholing,              Chukha.17625269
31.318 Acres dry land under T/No.352 and P/No. PLN-7871.Pachu, Phuentsholing,              Chukha.17625269
41 Acre dry land under T/No.1592 and P/No.BHU-2589.Bhur, Sarpang.17436826
51.19 Acres dry land under T/No.929 and P/No.BHU-1618.Bhur,Sarpang.17436826
62 storied buildings on 9,520 sqft dry land under T/No.431 and P/No.32(A).Gomtu Town, Samtse.17625269
72 storied buildings on 9,520 sqft dry land under T/No.431 and P/No.32(B).Gomtu Town, Samtse.17625269
81 Acre dry land under T/No.435 and P/No.86.Nubi, Trongsa.17853228
90.30 Acres dry land under T/No. 2808 and P/No.LEO-4133.Dekiling,Sarpang.17998040
101.087 Acres dry land under T/No. 903 and P/No. Tsa- 1592 and Tsa–664.Petakha, Tshangkhar, Dagana.17436826
114025.83 sqft land & 3 storied building on T/No. TL-02.Chorten Kora, Trashiyangtse.17772186
1221,780 sqft land on T/No.1958 and P/No.GT1-2547 .Gelephu Sarpang17436826
1355,757 sqft land on T/No.1588 and P/No.GT1-1605Gelephu Sarpang17436826

Term and conditions:

1. All interested bidders may inspect the properties and register before 18th May 2018, 09:30 AM upon payment of non-refundable entry fee of Nu.300/-. In the event that there are less than 3 registered bidders, the Auction Committee reserves the right to cancel the Auction.

2. The individual bidders will have to deposit an earnest money of Nu.25,000/- (Ngultrum Twenty Five Thousand only) in the form of cash at cash counter, RICB, HO, Thimphu, during the time of Registration.

3. The registered bidders will be provided a token during the time of registration. The bidders must produce the token during the time of auction. No person will be allowed to bid in the auction without the token.

4. The successful bidder shall deposit 25% of the bid value on the day of the auction in the form of cash/cheque and the balance of 75% within 10 days from the date of auction.

5. The unsuccessful bidder’s earnest money will be refunded immediately after the auction.

6. In the event, if the successful bidder fails to deposit 25% of the bid value, then the 2nd highest bidder shall be considered as the successful bidder and the earnest money of the 1st successful bidder shall be forfeited and so on and so forth.

7. In case the successful bidder fails to deposit 75% as stipulated, the 25% bid value adjusted earlier with earnest money deposit shall be forfeited.

8. The successful bidder will not be entitled to possession of the property (ies) until the total purchase price have been fully paid and adjusted.

9. The Auction Committee shall presume that the bidders have duly inspected the properties prior to the auction and shall not entertain any complaints thereafter.

10. The successful bidders shall bear all the fees/charges/taxes applicable while transferring the ownership of the property (ies).

11. The Auction Committee reserves the right to reject bids without assigning any reason thereof.

12. The RICB reserves the right to withdraw the property from the list of auction before it is actually auctioned.

13. For more information, kindly contact Legal Division, RICBL, Thimphu at 17998040/17980812.