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Chandigarh Housing Board decided to review cost of flats in Sector 53

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The board of directors of Chandigarh Housing Board (CHB) in a meeting on Friday decided to review cost of flats in city’s costliest housing scheme offering 492 flats in Sector 53. 

According to information, the directs orders CHB officials to review profit margin and accordingly decide cost of flats. 

The Board had recently started demand survey of Sector 53 housing scheme and till date they have received around 60 applications. Those interested can file applications only through the official website of the CHB. The forms can be filled till November 30. The process was started on October 25. 

In July, the CHB proposed a flat with three-bedroom, hall and kitchen (BHK) for Rs 1.85 crore, 2 BHK for Rs 1.6 crore, 1 BHK for Rs 1.15 crore and for the economically weaker section (EWS) at Rs 58 lakh, drawing a lot of criticism. 

Thereafter, the CHB released new prices on October 10 and mentioned that a 3BHK (HIG) will cost Rs 1.80 crore, 2BHK (MIG) Rs 1.47 crore, 1 BHK (LIG) Rs 95 lakh and a two-room flats (EWS) Rs 50 lakh. According to market experts, the prices are still on the higher side. 

A senior CHB official said that they fixed the prices of flats after taking land rates and profit into consideration. The CHB intends to construct self-financing housing scheme comprising 492 flats of different categories in Sector 53 under which an allottee is required to make 100% payment of the chargeable price before possession. For this purpose, the CHB also started a demand survey and the interested eligible persons can participate by applying online at CHB website, he added. 

Source: TNN

(Note: The story has been published without modifications to the text. Only the headline have been changed.)

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