According to the CHB Residents’ federation, the conditions imposed on the owners of these dwelling units while regularizing these changes are so stringent that it will not benefit most of the dwelling owners.
As Chandigarh Housing Board comes up with another scheme — this time, to build 492 flats in Sector 53 — there is a need to go back to the drawing board as there are too many schemes but too little housing relief on the ground.
In the scheme, which will be launched in the first week of December, cost of a three-bedroom flat is likely to be around Rs 85-90 lakh, two- bedroom nearly Rs 68-70 lakh and one-bedroom around Rs 30 lakh.
Till now, the board was charging about 15 per cent of the total cost of allotment price along with an amount of Rs 1 lakh for converting any property from leasehold to freehold. The total amount went up to several lakhs.
The auction which was to close early this month will now close on October 31, 2017. Also, as there wasn’t any response, the board has decided that the money can be deposited in six instalments in a period of two and a half years.