You can sell Chandigarh Housing Board house any time
The Chandigarh Housing Board (CHB) on Tuesday waived off the lock-in-condition of five years to sell and transfer property, a decision that would give huge relief to house owners and could increase the rate of properties in Chandigarh.
CHANDIGARH: The Chandigarh Housing Board (CHB) on Tuesday waived off the lock-in-condition of five years to sell and transfer property, a decision that would give huge relief to house owners and could increase the rate of properties in Chandigarh.
The CHB that has constructed more than 50,000 dwelling units in the city, has included both freehold and leasehold property under the waiver. The decision would also be applicable on General-Self Financing Housing Scheme, Sector 63. The board has also decided to allow allottees to make internal changes without its permission but after fulfilling some conditions. Changes would be certified by qualified engineers registered with the administration and prior written consent taken from all allottees of the floors in which the dwelling unit was located were some of them. The board also clarified that no changes would be allowed in the exterior of the building. The decisions were taken in a high-level meeting chaired by CHB chairman Maninder Singh Bains.
According to old allotment rules, flats could be sold after a lock-in period of five years from the date of physical possession of the property. In the past, the CHB had relaxed the five-year lock-in period, but later withdrew the relaxation in 2015. However, CHB has also approved and sanctioned Rs 49.28 lakh for providing trussed shed (coverage of courtyards and stair cases) at booths for rehri market in Sector 41-A, Chandigarh, known as Krishna Market. It will be done by utilizing CHB funds at present and the same will be reimbursed by the finance department of Chandigarh administration.
The CHB has also shortlisted seven banks for the housing scheme of 128 two-bedroom flats in Sector 51 on Tuesday. The banks were SBI, Sector 9, PNB, Sector 8, Axis Bank, Sector 8, ICICI Bank, Sector 9, Allahabad Bank Sector 17, Punjab & Sind Bank, Sector 11, and IndusInd Bank Sector 8.
The CHB that has constructed more than 50,000 dwelling units in the city, has included both freehold and leasehold property under the waiver. The decision would also be applicable on General-Self Financing Housing Scheme, Sector 63. The board has also decided to allow allottees to make internal changes without its permission but after fulfilling some conditions. Changes would be certified by qualified engineers registered with the administration and prior written consent taken from all allottees of the floors in which the dwelling unit was located were some of them. The board also clarified that no changes would be allowed in the exterior of the building. The decisions were taken in a high-level meeting chaired by CHB chairman Maninder Singh Bains.
According to old allotment rules, flats could be sold after a lock-in period of five years from the date of physical possession of the property. In the past, the CHB had relaxed the five-year lock-in period, but later withdrew the relaxation in 2015. However, CHB has also approved and sanctioned Rs 49.28 lakh for providing trussed shed (coverage of courtyards and stair cases) at booths for rehri market in Sector 41-A, Chandigarh, known as Krishna Market. It will be done by utilizing CHB funds at present and the same will be reimbursed by the finance department of Chandigarh administration.
The CHB has also shortlisted seven banks for the housing scheme of 128 two-bedroom flats in Sector 51 on Tuesday. The banks were SBI, Sector 9, PNB, Sector 8, Axis Bank, Sector 8, ICICI Bank, Sector 9, Allahabad Bank Sector 17, Punjab & Sind Bank, Sector 11, and IndusInd Bank Sector 8.
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