How do I participate in JDA auction?

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The e-Auction is a cutting-edge online service where individuals participate in auctions for designated properties through the Internet. This virtual online auction platform connects buyers and sellers across various locations, eliminating geographical constraints. An e-Auction is also commonly referred to as a virtual auction.

Advantages of e-Auction Over Manual Auction:

1. No Fixed Time Constraint: e-Auctions offer flexibility in terms of timing, allowing participants to engage at their convenience.

2. Flexible Time Limits: Participants can set their own time limits, making it easier for them to plan their bidding strategies.

3. No Geographical Limitations: Geographical boundaries are not a barrier in e-Auctions, enabling global participation.

4. Highly Intensive Social Interactions: e-Auctions foster robust social interactions among a large number of bidders, promoting high-volume online business.

Registration Process with JDA for Property Purchase through e-Auction:

1. Create User Login: Begin by creating a user login with a valid email ID on the Single Sign-On (SSO) platform on the JDA portal.

2. Upload Required KYC Documents: Depending on the type of entity (individual, company, partnership firm, trust, or foundation), you must upload the necessary Know Your Client (KYC) compliance documents.

3. Payment and KYC Approval: Once your payment is successfully processed and KYC documents are approved, JDA will authenticate you for participation in online bidding.

After Basic Registration at JDA’s Website:

1. Login to e-Auction Portal: Access the e-Auction portal on the Jaipur Development Authority's website.

2. Select Property: Click on the property you wish to bid on.

3. Payment: Make the required payment, including the Participation Fee and Earnest Money Deposit (EMD), as per the property's estimated value.

4. Upload Special Documents: If any special documents are requested for a specific property, upload them accordingly.

5. Submit Participation Request: Submit your participation request for final approval for the selected property.

6. Start Bidding: Once approved by JDA, you can start bidding on the property.

Registration Fees and Renewal Charges:

• 1 Month: Rs. 100.00
• 1 Year: Rs. 500.00
• 2 Years: Rs. 1,000.00

Renewal: Registration can be renewed at any time after its expiry.

Participation Fees and EMD:

(For Estimated Value of Property (BSP X Area))

• Up to 1 Crore: Nil Participation Fee, Rs. 50,000.00 EMD
• Above 1 Crore - Up to 4 Crore: Nil Participation Fee, Rs. 15,00,000.00 EMD
• Above 4 Crore - Up to 15 Crore: Rs. 5,000.00 Participation Fee, Rs. 30,00,000.00 EMD
• Above 15 Crore: Rs. 5,000.00 Participation Fee, Rs. 50,00,000.00 EMD

Online Payment: Registration, renewal, participation fee, and EMD can all be deposited online.

Browsing and Logging In:

• Recommended Browsers: Internet Explorer (version 9 or above), Mozilla Firefox, Google Chrome.

Bidding Process:

• Registered users can bid using their login ID and password on the JDA official website.
• Submit your bidding value for the selected property.

Cancellation of Bids:

• Once a bid is submitted and confirmed, it cannot be canceled.

Notification of Winning Bid:

• Successful bidders will receive an email notification indicating their victory.

Auto Bidding:

• Auto bid allows you to set the highest amount you're willing to bid for a property.
• The system will automatically place bids on your behalf up to your specified amount.

Advantages of Auto Bidding:

• Saves time and ensures bids are placed even if you're not actively monitoring the auction.

Refunding EMD:

• EMD for unsuccessful bidders will be refunded through EFT (NEFT/RTGS) within three working days after the auction's closing date.

Bidder Anonymity:

• Bidders' identities are not revealed during the auction.

Registration for Subsequent e-Auctions:

• After initial registration, you are automatically registered for subsequent e-Auctions until your registration expires.
• However, you must pay the participation fee and EMD before each participation.

Availability and Accessibility:

• The e-Auction website is accessible 24/7.

Non-Participation and Forfeiture:

• If you win a bid but choose not to proceed, the amount deposited, along with the EMD, will be forfeited.

Timeframe for Participation:

• You must wait for three clear working days between registration and participating in a bid.

Previewing Properties:

• You can view available properties on the e-Auction portal before registering.

Payment After Winning Bid:

• Upon successfully winning a bid, the Jaipur Development Authority (JDA) Auction team will contact you with further instructions and details for the payment process.

Participation from Abroad:

• Unfortunately, individuals residing abroad are not eligible to participate in these auctions.

Notification of Successful Bidder:

• Once the auction is completed, an email notification will be sent to the winning bidder, and their email ID will be displayed as the winning bidder ID on the platform.

End of Auction:

• After the auction concludes, it will no longer be visible in the Live Bid section but will automatically move to the Archive/Completed Grid.

Security of Online Payments:

• Making online payments to JDA e-Auctions is absolutely secure, ensuring the safety of your financial transactions.

Contact Information for Queries:

• For any inquiries or assistance, you can contact the JDA e-Auction team at auction@jaipurjda.org. Additionally, contact numbers are available on the JDA login homepage for immediate assistance, and you can expect a prompt response to your queries.

Technical Support:

• If you encounter issues such as slow website performance or unresponsive counters during bidding, consider avoiding other network-intensive activities, and close unnecessary applications to ensure a smooth bidding experience.

Obtaining a Lease Deed (Patta) after Winning Bid:

• Upon winning a bid, a demand note will be issued by the JDA. This note will outline the schedule of payments and other necessary documents required. Once all formalities are completed, including payment and documentation, the lease deed (patta) will be issued by the relevant office of the Deputy Commissioner (Zone), JDA.

Installment Payment Option:

For property values exceeding Rs. 15.00 Crore (calculated from BSP), the following installment payment option is available:

• A request must be made to JDA within 72 hours after being declared the H1 (highest) bidder.
• The bidder is required to deposit 10% of the total property cost within 72 hours and an additional 15% within 15 days from the issuance of the "Confirmation of Auction cum Demand Letter."
• The remaining 75% of the property cost must be paid in four quarterly installments with an interest rate of 15% per annum, as per the revised demand note issued by JDA. The installment period and interest are calculated from the date of the original "Confirmation of Auction cum Demand Letter."
• The Commissioner of JDA has the authority to regularize a default in payment of one installment by a maximum of one quarter, subject to a penal interest rate of 22.5% per annum. No further relaxation will be granted in this regard. Failure to make payments will result in the automatic cancellation of the auction, with deposited amounts and assets forfeited.

Lease Amount and Reserve Price:

• The lease amount (Urban Assessment) is calculated at 5% for commercial properties and 2.5% for residential or institutional properties of the residential reserve price.
• Reserve prices are determined by JDA in accordance with the Rajasthan Urban Improvement Trust (Disposal of Urban Land) Rules 1974.

Approval of Building Plans:

• Building plans will be approved by the competent authority in accordance with the prevailing building bylaws.

Availability of e-Auction:

• The e-Auction platform is accessible 24/7, providing flexibility for participants.

Non-Participation and Forfeiture:

• If you win a bid but choose not to proceed, the amount deposited along with the EMD will be forfeited.

Time Gap Between Registration and Bidding:

• There must be a minimum of three clear working days between the time of registration and the closing of the bid for participation.

Previewing Properties Before Registration:

• You can view all available properties for e-Auction on the homepage of the e-Auction portal.

Payment After Successful Bidding:

• Once you win a bid, you will receive instructions from the JDA Auction team regarding the payment process and further proceedings.