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 Transport

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Next Story
Infrastructure Energy

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Next Story
Infrastructure Energy

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement