Tag: Chandigarh Housing Board (CHB)

IndustryLatest Stories

Chandigarh’s Freehold Initiative to Unlock Crores in Properties

CHANDIGARH: The Chandigarh administration has taken significant steps to convert leasehold industrial and commercial plots to freehold ownership, a move expected to unlock properties valued at hundreds of crores, enhance revenue, and improve the ease of doing business. The Punjab governor and UT administrator, Gulab Chand Kataria, has approved a comprehensive proposal, which has now been sent to the Ministry of Home Affairs (MHA) for final approval. A senior MHA official commented, “The ministry is currently reviewing the proposal from UT Chandigarh.” This development follows earlier indications from the administrator that the matter was being considered. Will This Attempt Succeed?…

IndustryLatest Stories

Chandigarh Boosts FAR to Lower Flat Prices, Permit 6 Floors

Representative AI image CHANDIGARH: To enhance housing affordability and revive the recently stalled Chandigarh Housing Board (CHB) project in Sector 53, the UT administration has approved an increase in the permissible Floor Area Ratio (FAR) to 2.4, allowing for the construction of taller residential buildings as part of the proposed group housing scheme. The change, suggested by the urban planning department, will facilitate the construction of buildings up to six stories high. Officials noted that this adjustment is designed to increase the number of housing units, thereby lowering per-unit costs and improving accessibility for buyers. “The revised FAR allows for…