Self Financing Housing Scheme, 2016 for Sector 51-A, Chandigarh

Chandigarh, 31^st March, 2016: Chandigarh Housing Board is launching the Self Financing Housing Scheme, 2016 for allotment of 200 two bed room flats on lease hold basis in Sector 51-A, Chandigarh. 

                   The date of opening of the scheme is 01^st April, 2016 and the date of closing of the scheme is 30^th April, 2016.  Although, as per the brochure, the time frame for completion of the project is three (3) years, it shall be the endeavour of the Chandigarh Housing Board to complete the construction of the flats within 24 months, i.e. by 31.03.2018. The Scheme comprises of 200 Two Bed Room four storey (stilt + 4) flats in Sector 51-A, Chandigarh to be allotted on Self Finance basis, under which an allottee shall be required to make 100% payment of the chargeable price within 90 days from the date of issue of Acceptance cum Demand Letter (ACDL) as per the terms and conditions. 

                   The Scheme comprises the following Two Sub Schemes:-

                    i)      Sub Scheme-‘A’                150 Units for the General Public.

                  ii)  Sub Scheme-‘B’                 50 Units under Assured Allotment     Scheme (First Floor only, which is the lowest floor, since there is a provision for stilt parking)

The allotment shall be made under the provisions of Haryana Housing Board Act, 1971, as extended to U.T. of Chandigarh,  the provisions of the Chandigarh Housing Board(Allotment, Management and Sale of Tenements) Regulations,1979 and the Capital of Punjab (Development and Regulation) Act,1952 and the Rules and Regulations made there-under and amended from time to time.

There shall be 50 dwelling units on every floor. The tentative/reserve price of all the units shall be Rs.69.00 lakhs. The covered area of the typical dwelling unit (DU) including apportioned areas is approximately 1073 Sq.ft..  The above said area excludes the area of the parking and balconies etc. On all four floors, there shall be a drawing/dining room, kitchen, 2 bed rooms with attached toilets, dressing room & store, three Nos. balconies & provision of parking on stilt floor and lifts for all floors.

Out of the tentative price of Rs.69.00 lakhs, the initial deposit shall be Rs.6.90 lakhs.  The balance 90% of the consideration amount price of the dwelling unit shall be paid within 90 days from the issuance of the Acceptance-cum-Demand Letter(ACDL).  In addition, Rs.50,000/-, over and above the price of the dwelling unit, shall be charged at the time of handing over of the possession.  This amount will be deposited in the account of the Resident’s Welfare Association for operation/maintenance/cleanliness of the common areas/services.

This housing scheme is open to the general public. The applicant should be a bonafide resident of Union Territory of Chandigarh on the date of opening of the scheme. It is the objective of the Chandigarh Housing Board to enable all eligible applicants residing within the tri-city area or in a belt of 25 kms. from the notified boundary of Chandigarh to apply for schemes of the Chandigarh Housing Board.  Conversely, all those who reside within the tri-city or the 25 kms. Belt and own a flat/apartment/house/dwelling unit therein, in any of the urban estates, shall stand debarred.  However, the proposal of amendment of Regulations has been sent to the competent authority for approval.  Since there has been no housing scheme, since 2008, of the Chandigarh Housing Board, the Board is going ahead within the framework of the existing Rules and Regulations.