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Posted at: Nov 16, 2019, 7:34 AM; last updated: Nov 16, 2019, 7:34 AM (IST)HOUSING SCHEME

CHB to review prices of flats

CHB to review prices of flats

Ramkrishan Upadhyay

Tribune News Service

Chandigarh, November 15

The Chandigarh Housing Board will review the prices  of flats under the  costliest housing scheme,  to be  launched  in Sector 53. Chairman of the board Ajoy Kumar Sinha  asked officials to  look into the  rates again after  some of the directors of the board  raised  the issue of high prices at a meeting of the board today. Sinha said nothing could be  said at this juncture whether the rates would be  reduced or not, but officials would have a relook at these and take a call.

The board has given the nod  for launching the housing scheme. Sources said the agenda  for the  scheme was  placed before the board to seek permission for starting the tender process so that precious time could be saved in the completion of the  project. Sources said the CHB had received  47 applications under the demand survey  so far under the scheme. An official of the CHB said they were expecting  a good response to the demand survey before the deadline ended.

The board is planning to construct 492  flats under different categories. The CHB has fixed a price of Rs 1,79,91,000 for a three-bedroom (BHK) flat, Rs 1,47,08,000 for a two BHK flat, Rs 94,67,000 for a one BHK flat and Rs 50,11,000 for a one BHK (EWS) flat. The prices fixed by the CHB are the highest in the tricity so far.

CHB officials justified the high rates saying the tentative figures had been calculated on the basis of the approved cost of land. 

Meanwhile, the board has  given the  nod for the auction of residential and commercial   properties. The  reserve  prices of the properties  have also been  approved   by the board. The board has also approved a proposal for the  construction of a service  duct  at IT Park at a cost of   over Rs 6  crore.


Cost factor

The CHB has fixed a price of Rs 1,79,91,000 for a 3 BHK flat and Rs 1,47,08,000 for a 2 BHK flat. 1 BHK flat will cost Rs 94,67,000.

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