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Tuesday, July 17, 2018

CHB holds draw of lots for Sector 51 flats,fetches premium

Chandigarh Housing Board’s 130 flats in Sector 51-A,for which draw of lots was held today,are already fetching a premium of Rs 15 lakh to Rs 30 lakh depending on the floor.

Written by Express News Service | Chandigarh | Published: January 1, 2012 1:42:45 am

Chandigarh Housing Board’s 130 flats in Sector 51-A,for which draw of lots was held today,are already fetching a premium of Rs 15 lakh to Rs 30 lakh depending on the floor.

The two-bedroom flats are priced at Rs 50.65 lakh for the ground floor and Rs 47.39 lakh for the upper three floors. The successful allottees are being offered a premium of Rs 25-30 lakh for the ground floor,and Rs 15-20 lakh for the upper floors. However,the allottees have decided to adopt a policy of ‘wait and watch’,hoping that the premium for these plots will go up even more in the coming months.

The draw of lots was held at Bal Bhawan in Sector 23 today. Secretary CHB MM Sabharwal told Chandigarh Newsline that entry into the hall where allotments were being made was strictly restricted to applicants. “In order to keep property dealers and other speculative investors away,only those persons were allowed inside the hall who carried registration slips with them.”

However,property dealers were quick to identify successful allottees and make them lucrative offers for these flats.

There are a total of 160 flats in this scheme,and the Board had reserved 16 flats for its ‘assured allotment’ scheme. Herein,applicants could bid a price for these flats,and the average of the prices quoted by the top eight bidders was calculated to determine the final price of the flats.

Applicants bid up to Rs 1 crore for the ground floor flats,and up to Rs 97 lakh for the first-floor flats. The average of the top eight bids finally came to Rs 89 lakh. The ground-floor flats were finally given for Rs 89.48 lakh,and the first floor flats for Rs 87.62 lakh. The Board had received 147 applications for the 16 flats.

Earlier,5,391 applications had been received by the Board for these 160 flats.

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