Chandigarh Housing Board auctions get poor response

22 Nov 2023 CW Team

Despite regularly holding auctions of its properties, Chandigarh Housing Board (CHB) has been consistently getting poor response from buyers.

Nearly a year ago, CHB had offered on auction its 92 commercial properties. Of these, it again offered 88 commercial properties last month, but failed to find any takers. The only commercial properties it last successfully auctioned were way back in April.

Notably, in February this year, the UT administration junked CHB?s request seeking permission to convert its commercial leasehold properties to freehold. The housing board has, however, fared comparatively better in terms of residential properties in the last year, though the response has been again less than encouraging.

Even after slashing the prices of its leasehold properties by 30 per cent to 40 per cent, there have been no takers for its commercial units. Even in residential freehold properties, after the reserve price cut, the buyer response has remained dismal.

In the November auction, out of 116 freehold residential and leasehold commercial properties on offer, only three units of former were sold.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..