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Your Partner for Growth and Security


The following properties will be sold through an open auction on 8th September 2017 at 10:00 AM in the Conference Hall, RICBL, Head Office, Thimphu on “AS IS WHERE IS BASIS”.


1Sonalika Tractor (2014 model), BP-3- A1854Branch Office, Gelephu.17436826
2Tata Indica V2 (2009 model), BP-1-B5404Regional  Office,
3Honda CR-V  (2008 model ), BP-1-B4781Head Office, Thimphu.17998040


10.39 Acres wet land under T/No.PT-576 and P/No.156/L.Sampheling, Chukha17598931
24.180 Acres dry land under T/No.352 and P/No.PLN-1117Pachu, Phuentsholing,              Chukha.17625269
36531.85 sqft dry land under P/No.318(V)Changshingpe,
40.18 Acres  dry land under  T/No.86 and
 P/No. GT1-1403 and GT1-1405
Setikhari, Gelephu, Sarpang.17436826
50.21 Acres dry land under T/No.2110 and P/No. BHU-2447.Chokhorling, Gelephu, Sarpang.17436826
61 Acre dry land under T/No.1592 and P/No.BHU-1618.Bhur, Sarpang17436826
71.19 Acres dry land under T/No.929 and P/No.BHU-1618,2829,2842.Bhur,Sarpang17436826
89,520 sqft dry land and 2 storied buildings(2 nos) under T/No.431 and P/No.32(A) and 32(B).Gomtu Town, Samtse17625269
97200 sqft and 4-storied building (8 units)  under T/No.4506 and P/No.KA1-068
Kawangjangsa, Thimphu.17998040
101 Acre dry land under T/No.435 and P/No.86.Nubi, Trongsa17853228
110.30 Acres dry land under T/No.131 and P/No.LEO-4133.Dekiling,Sarpang17998040
1215 decimal dry land and building (Triplex) under T/No.65 and P/No.CHG-864.Ngabephu,Thimphu.77424344

Term and conditions:

1. All interested bidders may inspect the properties and register on or before 7th September 2017, 04:00 PM 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/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. 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, RICB, Thimphu at 17998040/17980812