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Ranchi Smart City – LAND e-AUCTION
STANDARD OPERATING PROCEDURE (SOP)
LAND e-AUCTION
Version 2.0
WEB APPLICATION For
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1. Introduction
The electronic auction (e-Auction) is an e-business between auctioneers and bidders, which takes place on an electronic marketplace. It is an electronic commerce which occurs business to business (B2B), business to consumer (B2C), or consumer-to-consumer (C2C).
Since the internet has become a popular place to buy and sell goods, online auctioning services have made their way into most homes. On line auction system is web basedapplication, so the main advantage is that there is no more system compatibility requirement problem. The main advantage of the online auction system is that the user can have the varied classes for their investment, and through this system user can invest in their own selected firm.
The auctioneer offers his goods, commodities or services on an auction side on the internet. Interested parties can submit their bid for the product to be auctioned in certain specified periods. The auction is transparent; all interested parties are allowed to participate the auction in a timely manner.
Land E-Auction
Under the umbrella of Ranchi Smart City Corporation Ltd (RSCCL), a scheme sponsored by the Government of India forpromoting sustainable urban development, utilizing theInformation services and technology to achieve its objectives.Some rules are preparedwith respect to utilization,allotment and disposal of land and other fixed assets vested bythe Government of Jharkhandto RSCCL.
2. Objective
Land governed by these rules is optimally utilized for the purposes incidental to or directly responsible for meeting the objectives of the Mission
Considerations levied and received for use of such land(s) and/or buildings are commensurate with fair value, and still not impede the conduct or viability of businesses
Stipulation(s) covered under any other Laws and Acts prevalent and applicable to RSCCL and adequately complied with
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3. Terminology
Unless repugnant to the context, or explained by any other way, the following terms shall imply, for the purposes of these rules, as follows:
3.1. “Act” means the Jharkhand Municipal Act, 2011 including all its amendments as may be notified by the State Government from time to time;
3.2. “Agency” means a business or organization providing a particular service on behalfof another business, person, or group;
3.3. “Allotment” means the transfer of ownership and/or the grant of rights of usage ofany property by RSCCL to allottee for any purpose(s) as may be specified byRSCCL, or as may be determined jointly between such person and RSCCL inaccordance with the applicable laws in force;
3.4 “Allottee” means a person:
(i) in whose name an allotment has been made by RSCCL;
(ii) to whom the ownership rights and/or the rights associated with the use ofsuch land and/or any other fixed asset(s) for a specified purpose has beenaccorded by RSCCL;
3.5. “Annual Lease Rent” means the consideration levied by RSCCL from an allotteefor the rights associated with the use of such land and/or any other fixed asset(s)for a specified purpose as agreed between the allottee and RSCCL, but excludingstatutory levies as may be applicable under prevailing law;
3.6. “Apartment Ownership Act” means the Jharkhand Apartment (Regulation &Ownership) Act, 2011 including all amendments as may be notified by theGovernment from time to time;
3.7. "Appropriate Government" means the Government of India or Government ofJharkhand, as the case may be;
3.8. “Auction Committee” means the committee constituted for the purpose of settingup pre-qualification criteria for applicants and conduct of auction for land and otherfixed assets under these rules;
4 3.9. “Base Price” means the price which is fixed by RSCCL for the purpose of this rule;
3.10. “Board” means Board of Directors of RSCCL;
3.11. “Commercial use” shall mean the use of any land and/or building for purposesdefined in section 13.1.3. of this rule;
3.12. “Companies Act” means the Companies Act, 1956/2013 including all itsamendments made from time to time as may be notified by the Government fromtime to time;
3.13. "Competent Authority" means an Authority notified by the Government ofJharkhand and/or Government of India;
3.14. “Compoundable Violation” means a violation which can be compounded aftercompensating RSCCL, and/or the concerned Public Authority;
3.15. "External Development Works" include roads and road systems, landscaping,water supply, sewerage and drainage systems, electricity supply, transformer,electric sub-stations, solid waste management system and disposal or any otherinfrastructure works which may have to be executed by RSCCL for a project, asmay be provided under the local laws or as required;
3.16. “FAR”-Floor Area Ratio as defined in Jharkhand Building Bye laws 2016 (JBBL);
3.17. “Freehold Sale” means the sale in which property and title is transferred to the allottee upon successful payment of full Offer Price after allotment in stipulatedtime period;
3.18. “GRIHA”, refers to Green Rating for Integrated Habitat Assessment including all itsamendments as may be notified from time to time;
3.19. “Institutional Use” shall mean the use of any land and/or building for purposesdefined in section 13.1.1. of this rule;
3.20. “JBBL” refers to Jharkhand Building Bye Laws, 2016 including all its amendmentsas notified by the Government from time to time;
5 3.21. “Joint Development Agreement” means an arrangement between RSCCL and oneor more person(s), who have agreed to jointly develop or re-develop or retrofit anyplot(s) or building(s);
3.22. “Land” means the land or any plot thereof which is acquired by, vested in, orbelonging to the RSCCL including the land allotted under these Rules;
3.23. “LARR Act” means The Right to Fair Compensation and Transparency in LandAcquisition, Rehabilitation & Resettlement Act, 2013, including all its amendmentsas notified by the Government from time to time;
3.24. “Lease” shall have the meanings assigned to them under section 105 of theTransfer of Property Act, 1982;
3.25. “Leasehold basis” means the right to hold or use property for a fixed period of timeat a given price, without transfer of ownership, on the basis of a lease contract, asindicated in section 10 of this rule;
3.26. “Lessee” shall have the meanings assigned to them under section 105 of theTransfer of Property Act, 1982;
3.27. “Market Price” shall have the same meaning as “Market Price” in section 26 of theLARR Act;
3.28. “Mixed Use” shall mean the use of any land and/or building for purposes definedin section 13.1.5. of this rule;
3.29. “Municipal Corporation” means the Municipal Corporation of Ranchi, establishedunder the Jharkhand Municipal Act, 2011;
3.30. “Non-Compoundable Violation” means a violation which cannot be compounded;
6 3.32. “Payment against demand letter” shall mean any consideration, which may believe by RSCCL on any allottee for any asset where such levy has been agreedto in the terms of allotment, prior to granting possession of land and/or building(s)or such other assets to the allottee;
3.33. “Person” for the purpose of these rules includes, — (i) An Individual;
(ii) A Hindu Undivided Family;
(iii) A Company as defined under Companies Act, 1956/2013;
(iv) A Firm under the Indian Partnership Act, 1932 or the Limited LiabilityPartnership Act, 2008, as the case may be;
(v) A Competent Authority;
(vi) A Co-operative Society registered under any law relating to co-operativesocieties; (vii) A Trust whether public or private;
(viii) Any such other entity as the Appropriate Government may, by notification,specify in this behalf;
3.34. “Plot” means parcel of land set apart for development and/or forming part of thesanctioned master plan or a scheme prepared by RSCCL and includes theconstruction there on;
3.35. “Promoter” or “Developer” shall have the same meaning as “promoter” as persection 2 of Real Estate (Regulation and Development) Act, 2016;
3.36. “Property” shall have the same meaning as the term “immovable property” asdefined in section 3 of General Clauses Act, 1897;
3.37. “Property Tax” is the tax applied directly on the property as per rules notified by theState Government from time to time and shall be payable to RSCCL by the propertyowner;
3.38. “RERA” means The Real Estate (Regulation & Development) Act, 2016, includingall its amendments as notified by the Government from time to time;
3.39. “Reserve Price” means the minimum price, below which land shall not be allotted to any allottee by RSCCL;
7 3.40. “Residential Use” shall mean the use of any land and/or building for purposesdefined in section 13.1.2. Of this rule;
3.41. “RSCCL” means Ranchi Smart City Corporation Limited;
3.42. “State Government”, unless specified otherwise shall imply the Government ofJharkhand; and
3.43. “Utility” refers to the uses defined in section 13.1.6. of this rule.
4. Scope
This Project investigates the entry threshold for providing a new auction service channel via the real options approach, where the entry threshold is establishedby using an Online auctioning system designed for the use of normal users (Individuals), Industrialists, Entrepreneurs, Developers, Organizations and Academicians under transaction rateuncertainty.
User):-8 The Home Page is the Landing page for the Users. Here all the Information will be displayed for Public like any Notices, Ongoing Auctions, About Us and Contact Us etc. User can sign up / Sign In from this Landing page.
Domain Name is https://eauction.rsccl.in .Will be informed once live.
Steps to be followed for Land e-auction
Step 1- User will do Register Step 2 – User will login
Step 3 – User will see the notification related Plot / Map details
Step 4 – Through Auction application page, User can upload the documents Step 5 – Pay application Processing Fees (Challan, NEFT, IMPS, SWIFT) Step 6 – User will get Acknowledgement receipt
Step 7 – Documents like Application fees (EMD) in the form of Bank Guarantee/Demand Draft and details will be verified by RSCCL. Once verification done, bidder will able to participate in auction. Step 8 – Participate in Auction and Bid Process continues.
5.1.
Registration -
Any aspirant can register in this website - https://eauction.rsccl.in/Users/register for Land e-auction.9 5.2.
Login -
User can login once registered from the website.5.3.
User Notification list-
User will able to view all the notifications for Land e-Auction, published by RSCCL.Plot notification and details –User can get the notification and plot details information like Master Plan, Plot Map and Plot details - https://eauction.rsccl.in/Notifications/plotDetails/NA==
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User Login Page
-Once user gets registered, using the credentials the user can login and view11 5.5.
Auction Application Page-
User will fill up the application form,bank details and submit. (URL: https://eauction.rsccl.in/Registrations/application/NA==/MTQ=/NA==)12 5.6.
Upload Documents -
Once application is submitted, User will able to upload relateddocuments and as well as will select the document type.
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Pay Application Processing Fees
- User will pay the processing fees to participate in the specific auction of the plot. Once paid the user submitted documents will be verified and user can edit the application form or documents before paying application processing fees. Once paid the user will not able to change the details until unless admin will send a request to re-upload documents if the admin found issues in documents submit while verifying documents. (URL: https://eauction.rsccl.in/Registrations/payreg/Mjk=)5.8.
Payment Acknowledgment Receipt
-Once payment made the user will receive a payment acknowledgement receipt and can check the status from my application section with the status like pending for document verification, Eligible bidder.14 5.9.
My Application
- In my application section, the user will view the status like pending for document verification, Eligible bidder, pending for transaction verification so that the user will able to take necessary action as per the status updated. (URL:https://eauction.rsccl.in/Registrations/mapplications)15 5.10.
Applicant Details-
The applicant can able to view the detail of applications as well as16 For documents submission, users can upload all the documents including bank Guarantee. Once User’s documents get approved, he is eligible to participate in the bid process.
Here, User needs to pay Application fee/ EMD amount of a particular plot in form of Bank Guarantee/DD/Challan. User needs to choose his Bank and upload details of Bank Guarantee with other information related to his bank. The Bank Guarantee will be getting verified by the Admin RSCCL. User gets his Payment Acknowledgement Receipt.
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Transaction Verification
–As his Bank Guarantee/ Bank Payment is verified and approved the use can able to go for auction; he is now eligible for the bidding process and able to see the “Go for Auction” button.18 Here User can submit his/her bid and can submit multiple bids till auction end. Once a new user submits bid before 15 mins of bidding end time, the bid process will be extend automatically to 30 mins for other registered users for submitting new bid value and if again another new bidder submits bids before 15 mins of extended 30 mins, it will be extended to next 30 mins and will continue. This process will continue same way till midnight of the bidding day i.e 11:59:59 PM and will be closed automatically with H1. Then the status will be updated in the system as Bid Closed.
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Bid Submission -
Bid submission has to be always greater than the last bid amountreflecting in current highest bid section.
Once you have submitted the greater value reflecting in the highest bid section, your bid will be submitted successfully and will reflect in current highest bid section and this will continue till the bid process for that particular plot ends and then the H1 will be declared.
