Two Bed Room Flats Self Financing Housing Scheme 2016

Chandigarh, May 23, 2016: The Sector 51-A Two Hundred (200) Two Bed Room Flats Self Financing Housing Scheme 2016 has been fully subscribed, as of 5 PM on 23.05.2015. 225 Application Forms have been received and more application forms are expected to be received, online and in physical format, within today.

Although details are being compiled, at-least 25 application forms have been submitted under the Assured Allotment Scheme (Scheme ‘B’) whereby applicants were free to bid an amount higher than Rs.69 lacs (in multiples of Rs.50,000/-) for assured allotment.  If, by the end of the day, the 50 flats under Plan B of the Assured Allotment Scheme are not fully subscribed, the remaining nos. of flats will be transferred to the General Pool of Scheme ‘A’.

Similarly, in any of the reserved categories, if enough applications have not been received, the remaining nos. of flats will be transferred to the General Pool Category of Scheme ‘A’.

5% of the total number of flats under Scheme ‘A’ have been reserved for oustees under “The Implementation of National Rehabilitation and Resettlement Scheme, 2010” notified by the Chandigarh Administration.

The Chandigarh Housing Board would like to hereby express its thanks to the applicants for reposing faith in the scheme and for ensuring full subscription to the scheme.  Chandigarh Housing Board would also like to thank the Principal Banker to the scheme, namely HDFC Bank Ltd., as well as the other banks associated with the scheme, namely, State Bank of India, Punjab National Bank, Axis Bank, IndusInd Bank, Allahabad Bank and Punjab & Sind Bank.