CHB approves sale of properties on freehold basis
Real Estate

CHB approves sale of properties on freehold basis

The Chandigarh Housing Board (CHB) has approved the sale of properties on a freehold basis even in cases where lands were allotted on leasehold.

On Tuesday, the CHB decided this in its board meeting held under the chairmanship of UT adviser-cum-CHB chairman Dharam Pal.

The UT administration would take the final call. The board has approved selling a vacant residential site of 4.95 acres in IT Park through the e-tender process on freehold. The purchaser will have flexibility in construction and will be allowed to pay the whole bid amount in installments for about five years.

CHB has delinked building violations from the transfer of freehold units, deciding in the case of freehold units. The transfer entry in the CHB record would be based on the registered sale deed, and an affidavit from the transferee will be responsible for all the existing building violations and ongoing proceedings.

According to an official, for freehold units, issuing of building violations has been delinked from the transfer.

CHB decided allotment of allottees whose residential units were cancelled due to building violations with pending appeals before the board will be restored on completing some conditions, like removing all the building violations by 30 September, which cancelled the allotment further paying the applicable revival and restoration charges.

Dharam Pal, adviser-cum-chairman of CHB, said that the council should speed up the process approvals in a time-bound manner, following a single-window process. For necessary changes in residential units, a committee has already been constituted.

Image Source

Also read: Chandigarh Housing Board records 53% drop in revenue in FY22

The Chandigarh Housing Board (CHB) has approved the sale of properties on a freehold basis even in cases where lands were allotted on leasehold. On Tuesday, the CHB decided this in its board meeting held under the chairmanship of UT adviser-cum-CHB chairman Dharam Pal. The UT administration would take the final call. The board has approved selling a vacant residential site of 4.95 acres in IT Park through the e-tender process on freehold. The purchaser will have flexibility in construction and will be allowed to pay the whole bid amount in installments for about five years. CHB has delinked building violations from the transfer of freehold units, deciding in the case of freehold units. The transfer entry in the CHB record would be based on the registered sale deed, and an affidavit from the transferee will be responsible for all the existing building violations and ongoing proceedings. According to an official, for freehold units, issuing of building violations has been delinked from the transfer. CHB decided allotment of allottees whose residential units were cancelled due to building violations with pending appeals before the board will be restored on completing some conditions, like removing all the building violations by 30 September, which cancelled the allotment further paying the applicable revival and restoration charges. Dharam Pal, adviser-cum-chairman of CHB, said that the council should speed up the process approvals in a time-bound manner, following a single-window process. For necessary changes in residential units, a committee has already been constituted. Image Source Also read: Chandigarh Housing Board records 53% drop in revenue in FY22

Next Story
Infrastructure Urban

India–New Zealand FTA Talks Make Strong Progress in Fourth Round

The fourth round of negotiations on the India–New Zealand Free Trade Agreement (FTA) concluded successfully in Auckland and Rotorua after five days of constructive discussions between the two sides.Union Minister of Commerce and Industry, Piyush Goyal, and New Zealand’s Minister for Trade, Todd McClay, commended the steady progress made during this round and reiterated their commitment to a modern, comprehensive, and future-ready FTA.Delegations from both countries engaged across key areas such as trade in goods, trade in services, economic cooperation, and rules of origin. The discussions..

Next Story
Infrastructure Transport

NHAI Widening Road Near Subroto Park to Ease Delhi–Gurugram Traffic

The National Highways Authority of India (NHAI) has undertaken a project to widen the carriageway from two lanes to four lanes on the left-hand side (towards Gurugram) near Subroto Park Air Force Station in New Delhi. The initiative aims to decongest traffic and enhance connectivity between Dhaula Kuan and Delhi Airport. The project will eliminate the existing bottleneck at the start of the Parade Road underpass, where traffic movement towards Gurugram is currently restricted due to a Metro pillar located at the carriageway’s edge. To create additional road space, NHAI is relocating a drain..

Next Story
Infrastructure Transport

Nitin Gadkari Champions Green Mobility at 84th Indian Roads Congress

Union Minister for Road Transport and Highways, Nitin Gadkari, addressed the 84th Annual Session of the Indian Roads Congress (IRC) in Bhubaneswar, alongside Odisha Chief Minister Mohan Charan Majhi, PWD Minister Prithviraj Harichandan, and IRC President Prof Manoranjan Parida.During his address, Gadkari highlighted India’s shift from being a fuel-importing nation to a fuel-exporting one, powered by the growing production and adoption of ethanol, methanol, bio-LNG, CNG, and green hydrogen. He reaffirmed the government’s strong commitment to road safety through advanced engineering practice..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement