Tag: Chandigarh administration

Latest StoriesResidential

Chandigarh’s Vacant Properties to Be Auctioned Every Four Months

CHANDIGARH: Following a remarkable turnout at the recent auction for residential properties, the UT estate office plans to conduct property auctions quarterly. Nishant Kumar Yadav, the deputy commissioner and estate officer, stated, “We are in the process of developing a calendar for property auctions. This schedule will ensure that vacant properties held by the estate office are regularly auctioned, allowing interested buyers to participate. This approach aims to enhance the availability of properties in the city to meet growing demand.” In the latest freehold residential property auction, every residential site was sold. Notably, a property in Sector 33, covering 1014…

Latest StoriesResidential

1,014 sq yd plot sells for ₹33.4 crore in Chandigarh

Representative AI image CHANDIGARH: The real estate market in Chandigarh is booming. The latest auction by the UT estate office concluded on Thursday, achieving record bids that indicate a rise in investor confidence and soaring property prices. A residential plot in Sector 33, spanning 1,014 sq yards, commanded a striking Rs 33.4 crore—over twice its reserve price of Rs 14.9 crore. Even the smallest offered plot, at just 126 sq yards, sold for ₹4 crore against a reserve of Rs 1.7 crore. The auction netted a total revenue of Rs 168.85 crore, significantly surpassing the reserve price of Rs 75.29…

Latest StoriesResidential

Chandigarh Uphelds Group Housing Society Property Status Quo

CHANDIGARH: In a setback for group housing and cooperative society allottees in the city facing challenges with conversion, unearned increase, need-based changes, and completion certificates, the Chandigarh administration has decided to maintain the status quo on these issues. This response comes after a communication from the Ministry of Home Affairs (MHA) addressing five major property-related concerns. Unearned Increase on Flats The “unearned increase” imposition remains a contentious issue for housing society allottees. If the original transferee (allottee/lessee) sells, gifts, mortgages, or otherwise transfers rights after the 15-year ban period, one-fourth of the unearned increase must be paid to the government…

InfrastructureLatest Stories

Manimajra Housing Project to Offer Unique Basement Parking

Representative image CHANDIGARH: The upcoming Manimajra Housing Scheme at Pocket Number 6, with a reserve price exceeding Rs 780 crore, will feature dedicated basement parking along with essential utility services. About 80% of the basement area will be reserved for parking, while the remaining space will contain utility rooms, AC plants, and other non-residential facilities. The municipal corporation (MC) has planned this feature across five distinct plot clusters, with each plot receiving its own basement parking facility. Additionally, the scheme includes separate collector rates for both residential and commercial properties. These matters are slated for discussion at the monthly MC…

IndustryLatest Stories

MHA Urges Chandigarh Admin for Response on Property Issues

CHANDIGARH: The Ministry of Home Affairs (MHA) has once again reached out to the Chandigarh administration regarding unresolved property issues, following a lack of response. In its recent communication, the MHA referenced a letter from Chandigarh MP Manish Tewari, highlighting five critical matters concerning the administration. The MHA’s letter states, “The requisite information is still awaited. Therefore, we kindly request your comments on the following major issues facing the Chandigarh administration.” The Times of India was the first to report on this communication. The ministry is seeking updates and views on several “major issues.” The identified issues include: property sale…

InfrastructureLatest Stories

Green nod essential for Manimajra housing project in Chandigarh

Representative image CHANDIGARH: The Chandigarh administration’s environment department has informed the municipal corporation that the “user agency” must secure environmental clearances for the MC’s Rs 700 crore housing project in Manimajra. The department has emphasized that this project qualifies under category 8(a) of the Environment Impact Assessment (EIA) notification, 2006, necessitating prior environmental clearance. In its letter to the MC, the environment department states, “Township and area development projects covering less than 50 hectares or with built-up areas exceeding 1,50,000 sqm fall under category 8(b) of the EIA notification, dated Sept 14, 2006, hence requiring prior environmental clearance. All projects…

Latest StoriesResidential

Chandigarh Housing Board Launches New Projects in Sector 54

CHANDIGARH: After nearly a decade of inactivity, the Chandigarh Housing Board (CHB) is finally addressing the housing demands of the city. As it gears up to introduce the Sector 53 self-financed housing scheme, plans are also underway for a new project in Sector 54. A senior UT official stated, “The CHB has been allocated approximately 32 acres in Sector 54. Recently, a meeting regarding land availability for various purposes took place under the UT administrator’s leadership, during which the Sector 54 land was discussed. Approval has been granted to proceed with the conceptualization and planning for public housing on this…