Collector rates reduced in Mohali

Akash Ghai

Tribune News Service

Mohali, April 6

Bringing cheer to the local people, the Mohali administration today reduced the collector rates by 10 to 15 per cent on residential, commercial and industrial properties, here .

However, there will be no change in the rate of agricultural land. The new rates have come into force with immediate effect.

Under the new scenario, the residential properties in certain sectors have been cut by Rs 2,000 per sq yd while no change in the rates is being witnessed in developing sectors, including Sector 85 to Sector 122.

The main old parts of the town saw a marginal reduction of Rs 1,000 per sq yd in the rates.

The commercial property too witnessed reduction in the rates by Rs 1,500 per sq yd to Rs 10,000 per sq yd at different locations.

Similarly, the industrial area too saw a cut in the rate from Rs 1500 per sq yd to 2000 per sq yd in different parts.

In the residential sector, now the highest rates (Rs 18000) are in Sector 60, Phase VII (Sector 61), 3B1, 3B2 and Sector 69 to Sector 71. Earlier, the rates in these parts were Rs 20,000 per sq yd. There is no change in the rates at Ivory Tower (Sector 70), Pancham Society (Sector 68), Mohali Cooperative Society (Sector 68), Army flats (Sector 67, 68), Darshan Vihar (Sector 68), Mundi Cooperative Society (Sector 70), Golden Towers (Sector 68), Multi-Tech Towers Group Housing-2 (Sectors 90, 91) The rates in these housing complexes still remain Rs 1,600 per sq yd except the Golden Towers, where the rates remain at Rs 1,500 per sq yd.

The lowest rates (Rs 9,000) are in the residential sector. In Sector 122, no change in the rates has taken place.

In commercial arena, Sectors 60, 61 and 70 are on the top of the list, with rates of Rs 90,000 per sq yd. The Bulk Material Market and Sector 122 have the lowest rates — Rs 20,000 per sq yd.

Phase 1 to IX in the Industrial Area saw the highest rates (Rs 9,000 per sq yd) while three industrial sectors— 66A, 82 and 83 have the lowest rates — Rs 5,000 per sq yd.

When contacted, Mohali Deputy Commissioner Gurpreet Kaur Sapra said the rates had been reduced as per the conditions on the ground. “Our teams study the conditions here and then fix the new rates,” said the Deputy Commissioner.

Mohali SDM Anuprita Johal said the new rates had come into force with immediate effect.

Welcoming the reduction in rates, Shailender Anand, former chairman of the Mohali Property Consultants’ Association said the development would give some relief to consumers and the real estate sector. “The government should also reduce the registration charges (total 11 per cent) now to boost the real estate market in the state,” said Anand.