Tag: Chandigarh real estate

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

Sector 53 Housing Scheme in Chandigarh Poised for Launch

Representative image CHANDIGARH: The board of directors of the Chandigarh Housing Board (CHB) has approved the launch of the housing scheme in Sector 53. “For the final approval, CHB has submitted the proposal to the UT administrator. Once it is approved, we will initiate the launch process. Most preparations are complete, and it will take about a month after the approval to officially launch the scheme,” said a UT official. The scheme has faced delays for over seven years. Initially, it was set to launch in 2018, but a demand survey indicated limited interest due to high unit costs. Although…

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…

Latest StoriesResidential

Chandigarh’s Housing Crisis: Running Out of Space and Time

Representative image created by AI CHANDIGARH: Once designed as a vibrant city of gardens and geometric elegance, Chandigarh now faces a significant challenge — a housing crisis. With only 600 acres remaining for residential development within a 28,170-acre master plan, the aspiration of homeownership in this architectural landmark is becoming increasingly unattainable. The last public housing scheme was initiated in 2016, and since then, the city’s skyline has remained relatively unchanged, despite its population having surged to over 1.3 million, nearly three times its planned capacity. Now, even the limited land available is being designated for government housing, with plans…