Chandigarh Housing Board to construct 340 flats instead of 492
Real Estate

Chandigarh Housing Board to construct 340 flats instead of 492

In sector 53 housing programme, the Chandigarh Housing Board (CHB) has chosen to build 340 apartments rather than 492 at a cost of INR 2.09 billion. A total of 100 1-BHK flats will be demolished, and the number of economic weaker section (EWS) category flats will be reduced to 48 apartments from the earlier 80 flats. According to the updated plan, there will now be 192 3-BHK flats, 100 2-BHK flats, and 48 units will fall under the EWS category.

On February 2, the CHB board will discuss and vote on a specific item for the agenda. The meeting will be presided over by CHB chairman and UT adviser Dharam Pal. According to sources, the CHB anticipates that due to the current real estate market situation, allottees will exhibit a greater interest in 2BHK and 3BHK flats.

According to sources in the CHB, there were 38 applications for the EWS category in the scheme's earlier demand survey report, with 12 choosing 1-BHK flats, 33 choosing 2-BHK flats, and 95 choosing 3-BHK flats. There were 178 applications in all. On the basis of a demand survey, the saleable cost was offered which did not include profit but however included construction costs, land costs, and departmental costs. The drawings of the concept had received conditional approval from the UT administration's Plan Approval Committee. Environmental approvals for the project were secured during planning, and the Chandigarh Pollution Control Committee's approval was required.

In sector 53 housing programme, the Chandigarh Housing Board (CHB) has chosen to build 340 apartments rather than 492 at a cost of INR 2.09 billion. A total of 100 1-BHK flats will be demolished, and the number of economic weaker section (EWS) category flats will be reduced to 48 apartments from the earlier 80 flats. According to the updated plan, there will now be 192 3-BHK flats, 100 2-BHK flats, and 48 units will fall under the EWS category. On February 2, the CHB board will discuss and vote on a specific item for the agenda. The meeting will be presided over by CHB chairman and UT adviser Dharam Pal. According to sources, the CHB anticipates that due to the current real estate market situation, allottees will exhibit a greater interest in 2BHK and 3BHK flats. According to sources in the CHB, there were 38 applications for the EWS category in the scheme's earlier demand survey report, with 12 choosing 1-BHK flats, 33 choosing 2-BHK flats, and 95 choosing 3-BHK flats. There were 178 applications in all. On the basis of a demand survey, the saleable cost was offered which did not include profit but however included construction costs, land costs, and departmental costs. The drawings of the concept had received conditional approval from the UT administration's Plan Approval Committee. Environmental approvals for the project were secured during planning, and the Chandigarh Pollution Control Committee's approval was required.

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