Archive · 21 May 2025
CHB Considers New Survey Amid Sharp Rise in Flat Prices
The Chandigarh Housing Board (CHB) is rethinking its housing plan because the cost of the flats has gone up a lot.
Because of increased rates, the price of flats went up significantly.
Many people had shown interest in buying a flat, but now the CHB is considering whether those people will still be able to afford it.
They are also thinking about giving existing applicants the choice to pay more for the flats.
This all started because the government increased the rates for land, making the flats more expensive to build.
CHB is considering a new demand survey for Sector 53 flats due to price increases.
Flat prices have increased by 30-40% because of higher collector rates.
The 3-BHK flat is likely to cost ₹2.29 crore, up from ₹1.65 crore.
CHB is considering options for existing applicants regarding increased prices.
The housing scheme was previously delayed and revived in 2024 after a 2018 attempt.
- Who
- Chandigarh Housing Board (CHB) and applicants are involved.
- What
- CHB is considering a new demand survey and options for existing applicants due to increased flat prices.
- When
- The demand survey was held in February-March of this year. Price increases are recent.
- Where
- Chandigarh, specifically Sector 53, CHB housing scheme.
- Why
- Rising collector rates have led to a 30-40% increase in flat prices, prompting reconsideration of the housing scheme.
Applicants
Chandigarh Housing Board (CHB)
Housing Scheme Affordability
Applicants
Applicants who may not be able to afford increased prices, potentially leading to dissatisfaction.
Chandigarh Housing Board (CHB)
CHB is addressing increased costs and exploring options.
- Organization
- Chandigarh Housing Board (CHB)
- Location
- Sector 53
- Demand Survey Timing
- February-March of this year
- Price Increase
- 30% to 40%
- 3-BHK Flat Estimated Price
- ₹2.29 crore
