Archive · 21 May 2025
Chandigarh Housing Board Considers New Demand Survey After Price Hikes
The Chandigarh Housing Board is reevaluating its housing project because the cost of the flats has gone up.
They are thinking about asking people if they still want to buy a flat at the new, higher price.
A lot of people signed up for the project earlier, but the prices have increased a lot.
Now, the CHB is trying to figure out if people are still interested or if they need to adjust the plan.
The project was originally supposed to start a while ago, but it was put on hold.
The CHB is now trying to decide what to do next and avoid any potential problems with the people who applied.
CHB is considering a new demand survey for its Sector 53 housing scheme.
Flat prices increased by 30% to 40% due to rising collector rates.
Nearly 7,500 applicants showed interest in 372 flats in the latest demand survey.
CHB may offer existing applicants the option to accept increased prices.
The housing scheme was initially planned for 2018, but was delayed and revived in 2024.
- Who
- Chandigarh Housing Board (CHB).
- What
- Considering a new demand survey due to increased flat prices and potentially offering existing applicants the option to accept the higher prices in the Chandigarh Housing Board (CHB) Sector 53 self-financing housing scheme.
- When
- A decision is expected within a month of the demand survey closure, which has already passed by two and a half months.
- Where
- Chandigarh, Sector 53.
- Why
- To reassess the viability of the housing scheme after significant price increases and address potential legal issues related to applicant deposits.
- Price Increase
- 30% to 40%
- Demand Survey Period
- February-March
- Applicants in Demand Survey
- 7,500
- Flats in Scheme
- 372
- Original Launch Year
- 2018