CHB to create 600 apartments at IT Park

CHB to create 600 apartments at IT Park

Chandigaruh. IT ParkCHANDIGARH: Even if there is no bidder for the IT Habitat, Rajiv Gandhi Chandigarh Technology Park, which covers a zone of 123 sections of land, Chandigarh Housing Board (CHB) has chosen to create 600 apartments without expanding the last date. The board should propose to sell and lead draws for the same. The time allotment for installment has been stretched out from 2.5 years to five years.”Installment condition has been made less demanding by extending the time structure. We have extended it to five years to draw in purchasers,” said CHB director Maninder Singh. He said both auction and draw of lots for flats could be held.

With the Board unwinding the time span for installment to five years, there will be six portions. The principal portion will be 25% of the offered cost, with installment to be made around the same time of the offer. The staying five portions will be 15% each of the offered cost. Each of these portions is to be paid each one year.E-offering will begin from December 1. On the off chance that no offers are gotten, CHB will build up every one of the plots without anyone else or under PPP mode. The Board has begun the way toward creating two private plots, measuring 10.51 sections of land and 6.43 sections of land and club of 3.86 sections of land without anyone else at the IT park.As the hold cost is Rs 80,000 for each square yard for the destinations, reaction to offering is tepid. “The save cost depends on authority rate, which is maybe higher than the market rate,” said a CHB official.The CHB does not have a bidder for 13 different destinations, including the school and healing center plot. Additionally, the last date has been stretched out from September onwards. The private plot is 4.55 sections of land, hospital plot is 8.23 sections of land and the school plot measures 4.5 sections of land. With the exception of the local location, all others are on leasehold premise.

Leave a Reply

Close Menu