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Tuesday, 4 August 2020

Chandigarh Housing Board to decide fate of Sector 53 scheme on August 6

Tribune News Service

Chandigarh, August 3

The Chandigarh Housing Board (CHB) will take the final decision on the fate of its general housing scheme in Sector 53 on August 6.

An official said the final decision to either scrap the scheme or bring out a revised plan would be taken in a meeting of the Board of Directors on August 6.

Due to a poor public response to the scheme, the board had in March this year decided to refund the processing fee of all applicants and planned the scheme afresh in order to make it more attractive.

Even after slashing the prices twice, the CHB had failed to get good response to the scheme, as it had received only 178 applications for 492 flats to be built under various categories.

The scheme offered a 3BHK flat for a price as high as Rs1.5 crore, a 2 BHK flat for Rs 1.28 crore, a 1BHK flat for Rs86 lakh and an EWS flat for Rs50 lakh. Two proposals on increasing the floor area ratio (FAR), which the board had sent to the Department of Architecture, were rejected. An increase in the FAR would have helped the CHB in constructing more flats.

To make the scheme lucrative by reducing the cost of flats or increasing the number of units, the approval of the board was needed, said an official.

from The Tribune

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