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Your Partner for Growth and Security

                                                         AUCTION NOTICE

The following properties will be sold through an open auction on 20th July 2018 at 10:30 AM in the Conference Hall, RICBL, Head Office, Thimphu on “AS IS WHERE IS BASIS”.


1Stone Quarry on 17.65 AcresBegogang, Bjena Gewog  Wangdue Phodrang.77604263
20.39 Acres wet land under T/No.PT-576 and P/No.156/L.Sampheling,Chukha.17598931
32.862 Acres dry land under T/No.352 and P/No.PLN-1177.Pachu, Phuentsholing,Chukha.17625269
41.318 Acres dry land under T/No.352 and P/No. PLN-7871.Pachu, Phuentsholing,Chukha.17625269
52 storied buildings on 9,520 sqft dry land under T/No.431 and P/No.32(A).Gomtu Town, Samtse.17625269
62 storied buildings on 9,520 sqft dry land under T/No.431 and P/No.32(B).Gomtu Town, Samtse.17625269
71 Acre dry land under T/No.435 and P/No.86.Nubi, Trongsa.17853228
80.30 Acres dry land under T/No. 2808 and P/No.LEO-4133.Dekiling,Sarpang.17998040
91.087 Acres dry land under T/No. 903 and P/No. Tsa- 1592 and Tsa–664.Petakha, Tshangkhar, Dagana.17436826
104025.83 sqft land & 3 storied building on T/No. TL-02.Chorten Kora, Trashiyangtse.17772186
1121,780 sqft land on T/No.1958 and P/No.GT1-2547 .Extended area, Gelephu Thromde, Sarpang.17436826
1255,757 sqft land on T/No.1588 and P/No.GT1-1605Extended area, Gelephu Thromde, Sarpang.17436826
136534 sqft land under T/No.1176 and P/No.MEW-3090.Khasadrapchu,  Mewang Gewog, Thimphu17674552
140.959 decimal land on T/No.1361 and P/No.MON-4084.Wangkhar, Mongar17772186
1543,560 sqft land on T/No.356 and P/No.GT1-110.Extended area, Gelephu Thromde, Sarpang.17436826
1643,560 sqft land on T/No.1949  and P/No.GT1-2544.Extended area, Gelephu Thromde, Sarpang.17436826
172.986 Acres land on T/No.133 and P/No.SEZ-346 and SEZ-764.Sershong Gewog, Gelephu, Sarpang.17436826
181.45 Acres land on T/No.499 and P/No.SUR-1843.Jigme-Choling Gewog, Gelephu, Sarpang.17436826
195663 sqft land on T/No.2321 and P/No.GT1-2911 under LAP-III.Gelephu Throm, Sarpang17436826
20One-storied building and 6229 sqft land on T/No.509 and P/No.GT1-596 under LAP-I.Gelephu Throm, Sarpang17436826


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), BP-1-A3192.Buyang, Trashiyangtse.17772186
8JCB Excavator (2015 model), BP-A4-0518.Branch Office, Jomotshangkha, Samdrupjongkhar.17674552
9Kobelco Excavator (2017 model), BP-1-A0188.RICBL go-down, Olakha, Thimphu.17998040

 Term and conditions:

1. All interested bidders may inspect the properties and register before 20th July 2018, 10:15 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 visit our office website or contact Legal Division, RICBL, Thimphu at 17998040/17980812.