The Government of Punjab, on January 31, 2026, issued the Punjab Management and Transfer of Municipal Properties (Amendment) Rules, 2026, to further amend the Punjab Management and Transfer of Municipal Properties Rules, 2021.
The following amendment has been stated namely: -
• In rule 3, sub-rule (1), after clause (b), the following clause shall be inserted, namely:- “ (ba) “ Chunk Sites” means the sites or properties with successful bid price or allotment price of twenty crore rupees or above;'."
• In rule 16, for sub-rule (1), the following shall be substituted, namely :- “ (1) The sale price for properties, other than Chunk Sites, shall be payable in the following manner, namely:-
(i) Twenty-five percent of the sale price of such property (after adjusting the amount of five percent of reserve price paid as earnest money) shall be payable within a period of forty-five days from the date of allotment. If the said amount is not paid within the total period of forty-five days from the date of allotment, the allotment shall be deemed to have been cancelled and the amount already deposited shall stand forfeited; and
(ii) The remaining amount of seventy-five percent shall be payable in three equal installments payable every forty-five days with simple interest at the rate of nine and a half percent per annum. The interest shall be payable after forty-five days from the date of allotment:
Provided that if any installment which is payable under this clause is not deposited within the stipulated time period, then, the same may be deposited with the subsequent installment or upto the date on which the last installment is payable subject to the payment of three percent as penalty on the said amount:
Provided further that if the entire sale price is not paid within the time period as stipulated in this clause, the allotment shall be deemed to have been cancelled and twenty-five percent of the sale price shall be forfeited:
Provided further that if the allottee makes lump sum payment of remaining amount of seventy-five percent within forty-five days from the date of allotment, then, in that case, five percent rebate on the balance principal amount (i.e. seventy-five percent) shall be given.
[Notification No. G.S.R.8/P.A.8/2020/S.20/Amd.(7)/2026]
