Tag: Commercial properties in Chandigarh

CommercialLatest Stories

Chandigarh to e-auction 20 commercial properties in Manimajra

Representative AI image CHANDIGARH: The Municipal Corporation (MC) of Chandigarh plans to auction 20 commercial properties, including booths and showrooms, in Manimajra to enhance its revenue. A special committee has been set up to determine the reserve prices and finalize the terms for the property disposal. Sources indicate that approximately 80 commercial properties in Manimajra are currently vacant and will be auctioned in phases. The initial group of 20 properties will undergo e-auction following the committee’s assessment. The committee is evaluating multiple parameters to establish reserve prices, with the current collector rate being a significant factor. Bidders will be given…

IndustryLatest Stories

Chandigarh Estate Office Shortlists 25 Properties for Auction

CHANDIGARH: In a bid to achieve ambitious revenue goals, the estate office plans to conduct regular property auctions, having shortlisted approximately 25 properties for this financial year. Most of these properties will be residential and sold on a freehold basis. A variety of properties, including residential, commercial, and institutional types, will be auctioned by the end of April. The estate office is ensuring that these properties are free of encumbrances, meaning they will have clear and marketable titles without any mortgages, liens, or legal disputes, ensuring no third-party financial or legal claims are attached. The goal for the estate office…

CommercialLatest Stories

Chandigarh Considers Higher FAR for Commercial Properties

CHANDIGARH: The Chandigarh administration is contemplating an increase in the permissible floor area ratio (FAR) for commercial properties outside the ‘heritage sectors’. The administration has expressed plans to raise the FAR in Industrial Area Phase I and II from the current 0.75 and 1.0 to 2.0. “The decision regarding the FAR increase is currently with the top leadership of the administration. The proposal aims to double the FAR for commercial properties in the Industrial Area and areas beyond the heritage sectors,” sources report. Alongside the FAR increase, adjustments to the coverage area and allowable building heights are also under review.…