Chandigarh MC kicks off process to auction five plots for housing projects

The Municipal Corporation has started the process for auction of five land parcels in Pocket Number 6 of the Notified Area Committee (NAC), Manimajra, here for housing projects. It will spend over Rs 10 crore on the development of the area.

The process for auctioning these plots started as the Estate Office, Chandigarh, released the collector rates of the nearby areas on the basis of which the reserve price of the plots is likely to be fixed.

Mayor Harpreet Kaur Babla said the area had to be developed as the MC would be auctioning the prime land soon. The development will be carried out in accordance with the layout and zoning plan approved by the Chief Architect for the area measuring over 7 acres.

The tenders for various development works are likely to be floated soon. The works will include development of roads, public health services (sewerage, storm water, water supply and tertiary-treated water lines, public toilets, sewerage treatment plants (STPs), underground water reservoirs and tubewells. Besides, electrical and horticulture works will also be carried out simultaneously.

The Mayor said the cost estimates had been approved for the development of Pocket No. 6, NAC, Manimajra.

The Administration has already clarified that the prevailing collector rates will be the reserve price for auction of around 7 acres of land.

Sources said as per the prevailing rates, the reserve price of the area is likely to be fixed as Rs 500 crore. Multi-storey flats will be constructed at the site.

In 2005, the MC had sold a residential site of 5.39 acres in Manimajra for a housing society (freehold basis) for Rs 108 crore. A hotel site in Sector 35 was sold for Rs 101.37 crore on a leasehold basis in 2006. The MC is facing the worst financial crisis as it has no funds for development works.