Chandigarh Housing Board to Launch Sector-53 Housing Scheme
After a gap of nearly four years, Chandigarh Housing Board (CHB) is all set to launch its housing scheme across a nine-acre land in Sector 53. UT adviser-cum-CHB Chairperson has approved the agenda for the same and it will now be tabled in the board meeting scheduled for the second week of January. CHB has decided to construct nearly 340 flats including two- and three-bed flats as well as flats for the economically weaker sections. The project falls under the ambit of the Real Estate Regulatory Authority (RERA). Notably, CHB was in 2018 planned to launch a housing scheme in Sector 53 but recorded a tepid 50 % interest during the demand survey — following which, the board decided to scrap the scheme. CHB Chief Executive Officer (CEO) Yashpal Garg said the final approval will be done in the board meeting scheduled this month only. “We have decided not to construct one-bedroom flats as during the demand survey four years back, there was a poor response to one-bedroom flats,” he added. He further said that once approved by the board, work for the project will begin within two months. An environmental clearance for the project and brochures had already been prepared. A three-bedroom flat in Sector 63, went for Rs 1.5 crore in a recent auction against its reserve price of Rs 1.12 crore. Another three-bedroom flat in the same sector went for Rs 1.47 crore against the reserve price of Rs 1.12 crore, while a two-bedroom flat in Sector 51 was auctioned for Rs 1 .23 crore against the reserve price of Rs 97 lakh.
Tags : Chandigarh Housing Board launch housing scheme CHB Real Estate Regulatory Authority CHB CEO Yashpal Garg