Tag: Chandigarh IT Park

IndustryLatest Stories

Chandigarh Plan Changes to Boost Housing and Affordability

CHANDIGARH: Proposed changes to the Chandigarh Master Plan (CMP) 2031 could lead to substantial expansions in housing and mixed-use developments in the city. The UT administration aims to unlock large areas of vacant land and allow for higher-density construction. Officials believe these changes will address Chandigarh’s increasing housing demand, enhance affordability, and make home ownership more accessible for a broader segment of the population. A major element of the proposal includes nearly doubling the city’s mixed land use (MLU) area. The draft amendments also suggest raising the Floor Area Ratio (FAR) and promoting vertical development in select zones. According to…

Latest StoriesResidential

Chandigarh: CHB to Survey Demand for Sector 54 Housing

CHANDIGARH: The Chandigarh Housing Board (CHB) is set to initiate a survey to assess the demand for its planned housing project in Sector 54. A senior official from UT stated, “In a few days, we will determine the provisional pricing for various categories of apartments. Following this, a demand survey will be conducted. The response will guide the final project plan, including the distribution of flats across different categories.” To estimate housing prices, CHB will consider land costs, aligned with collector rates, alongside construction expenses for each unit. Additionally, the project will allocate 15% of units for economically weaker section…

Latest StoriesRegulatory

Chandigarh’s ₹62 Crore Property Tax Disputes in HC

CHANDIGARH: Municipal Corporation Chandigarh officials have disclosed that the city’s top 20 property tax defaulters still owe over Rs 190 crore, with Rs 62 crore in arrear cases currently in litigation in the Punjab and Haryana High Court. Various reasons have led occupants of seven out of the top 20 properties to contest the MC’s claimed arrears, resulting in the authority’s inability to recover the dues. All contested properties are classified as commercial. According to official data from the Municipal Corporation, commercial properties in the IT Park owe Rs 45 crore in dues. The Golf Club has not paid Rs…