Img : indianexpress

In a recent development, the Chandigarh Housing Board [CHB] announced to reduce the cost of flats that are being constructed under the UT employees’ housing scheme. Presently, the cost of these housing units is double in comparison to the cost of same flats in the market and other dwelling units of the housing board.

Prior to this, the housing board estimated Rs 2.08 crore cost for a 3 BHk flat, while the cost for 2BHK flat was estimated Rs 1.64 crore and Rs. 50 lakh cost for 1 BHK. However, the cost for these flats were revised to Rs 1.78 crore for 3 BHK and Rs 1.40 crore for two BHK as the flats for the UT employees is based on no profit no loss basis. The decision on the cost of 1BHk is yet to be taken.

Raj Kumar Pal, chairman, Property Consultants Association, Chandigarh, said that the concerned authorities should consider the market prices as the 2BHK flats are available between a price range of Rs. 85 lakh and Rs.1crore Sector Chandigarh housing board’s Sector 63 housing scheme.

Meanwhile, the builders are selling fully-furnished houses of 12 to 14 marlas in the plush sectors of Chandigarh at a between Rs 1.30 crore to Rs 1.50 crore. These are the proposed prices by the CHB for the UT employees’ scheme that is proposed to be developed in Sector 53.

One of the senior CHB officials said that the prices are on the higher side as the MHA permitted the Chandigarh administration to allocate land only on the collector’s rate. The prices increased because the collector’s rate was high and a final decision on flat prices will be taken after the general elections.

On 2nd January, the council of Union ministers chaired by PM Narendra Modi sanctioned the proposal of UT employees’ housing scheme that was pending from 2008.

Recently, the Centre Government informed the Punjab and Haryana high court that the proposal to allot 61.5 acres of government land to the Chandigarh Housing Board (CHB) for the same purpose has been forwarded to the Cabinet Secretariat for placing it before the Cabinet.

The UT administration sanctioned a scheme named self-financing housing scheme 2008 for the employees of the Chandigarh administration.

A total land area of 73.3 acre was marked to construct 3,930 dwelling units for the UT employees. The Chandigarh housing board already has the possession of 11.8 acre out of the same. According to an instant proposal, the housing board had to get 61.5 acre of government land.

The Chandigarh Housing Board [CHB] is appointed as the nodal agency to implement the scheme.