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The following properties will be sold through an open auction on 17th September 2016 at 10:00 AM in the Conference Hall, RICBL, Head Office, Thimphu on “AS IS WHERE IS BASIS”. The interested bidders are requested to physically inspect the properties before the auction.

Sl. No.Description of propertyLocationContact details
2.5 Acres land under T/No. 42 and P/No.84.
Kilkhorthang, Tsirang.77230485
261 Decimal dry land under T/No.101 and P/No.74.Kilkhorthang, Tsirang17998040
3Flat No.5, on the 2nd floor, P/No.188 and T/No. 920.Batomathi, Phuentsholing.16924943
4Tata Indica V2 (2009 model), BP-1-B5404.Phuentsholing Regional Office.16924943
55,663 sft land under T/No.1867 and P/No.GT-2432.Gelephu Thromde, Sarpang.17977203
620 Decimal land under T/No.2555(old) and  P/No.268/B(old),  T/No.851(new) and   P/No. GT1-1675(new).Pemathang, Gelephu,                 Sarpang.17436826
71 Acre land under T/No.435 and P/No.86.Pang, Nubi, Trongsa17617877/17853228
821,780 sft land under T/No.1958 and  P/No. GT-2547.Gelephu,Sarpang17436826
955,757 sft land under T/No.1588 and P/No. GT1-1605.Gelephu,Sarpang17436826
1043,560 sft land under T/No.356 and P/ No. GT1-110.Namkhaling, Gelephu17436826
1143,560 sft under T/No. 1949 and P/No.GT1-2544.Namkhaling, Gelephu17436826
122 Acres land under T/No.820 and P/No.8/BBhur Gewog, Gelephu Dungkhag,Sarpang.17436826
130.39 Acres wet land under T/No.PT-576 and P/No.156/L.Sampheling,Chukha17598931
143.14 Acres dry land under T/No.646 and  P/No. PLN-4405.Khamari Pakha,  Phuentsholing, Chukha.17600518
15Tucson (2004 model).Thimphu17620450

Term and conditions:

  1. All interested bidders shall register themselves at 09:00 AM on the day of auction upon payment of non-refundable entry fee of Nu.300.
  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/cheque 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.
  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, RICB, Thimphu at 17998040 or Credit and Investment Department, RICB, Thimphu at 17620450 or visit our website