Chandigarh UT Employees May Pay Double For 2008 Housing Scheme

The administration has sent the proposed rate for the land to the Union ministry of finance for approval. The land’s rate has been fixed at the high price as guidelines of the Union ministry of home affairs (MHA) state that land cannot be disposed of below the prevailing market rate.

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Chandigarh UT Employees May Pay Double For 2008 Housing Scheme

UT administration employees may have to pay more than double the amount previously estimated for flats to be allotted to them under 2008 housing scheme.

Though the housing scheme was launched 10 years ago, the administration had not implemented it to date due to the shortage of land. In a setback to the employees, the administration will now allot land for the scheme at market rate, pushing up the price of flats by more than twice the estimate.

Read Also: Chandigarh Housing Board In Process Of Implementing PMAY Scheme

The administration has sent the proposed rate for the land to the Union ministry of finance for approval. The land’s rate has been fixed at the high price as guidelines of the Union ministry of home affairs (MHA) state that land cannot be disposed of below the prevailing market rate.

Member of Parliament (MP) had on May 5 met employees who successfully applied for the scheme. In that meeting, she had informed the employees about the administration’s “inability” to allot land below the market rate. Employees have, so far, agreed to pay for the land at market rate.

Read Also: Chandigarh Professional & Town Planners Discussed Agendas For Smart Cities

The market rate is determined by collector rates, which are high in Chandigarh. The collector rate is the lowest at which a property is registered. It is fixed by the administration and revised every year.

The allottees of category C flats (one-bedroom) will have to shell out around Rs 30 lakh, instead of the earlier Rs 13.5 lakh. The price of category B flats (two-bedroom) is expected to go up to Rs 50 lakh, earlier Rs 24.3 lakh. Category A (three-bedroom) flats will likely cost around Rs 70 lakh, originally priced at Rs 34.7 lakh.

Read Also: CHB Chandigarh To Review Rejected PMAY Applications

Earlier this year, MHA had turned down a proposal of the administration to allot land for the housing scheme. Following this, she had taken up the matter up with Union home minister, who had assured to resolve the matter.

Source Link- https://timesofindia.indiatimes.com/.

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