[ad_1]
Chandigarh: In form of Chandigarh Housing Board ,chb) is preparing to launch its Sector 53 housing scheme, which is touted to be the costliest scheme ever, with murmurs of affordable housing shortage in the city getting louder.
The recent Supreme Court ruling freezing the floor area ratio has raised further doubts whether the government agency will be able to reduce its prices for the new proposed inventory. The scheme could not be launched in 2018 as a demand survey revealed that there were not many takers for the scheme due to the high cost of housing units.
Only 178 applications were received in the demand survey for total 492 flats to be constructed under the scheme. One bedroom sets were priced at Rs 86 lakh, 2BHK at Rs 1.28 crore and 3BHK at Rs 1.5 crore. This raised questions as to what type of buyers CHB was targeting its housing products.
CHB launched its last housing scheme in 2016. It also got a bad response for the same reason – unaffordability. Around 225 applications were received against an offer of 200 two bedroom flats.
it is even proposed Chandigarh IT Park The plan, currently stuck in approval issues, put the prices out of reach of the middle class. The expected price of three bedroom flat is Rs 1.9 crore, two bedroom flat is Rs 1.3 crore and four bedroom flat is estimated to cost Rs 2.75 crore.
Established in 1976, CHB’s primary mandate is the construction of affordable housing. It has built over 67,000 units, of which more than half are for the economically weaker sections, about 34,000, most of which were used in slum rehabilitation programmes. But one segment, which has been largely left out, especially in the last decade, is the middle class or middle income group. CHB has constructed around 11,000 units, which can be considered as meeting the housing needs of the middle income group.
CHB officials have long argued that the cost of land in the city is very high, leaving little scope for affordable housing. “Moreover, restrictions in terms of floor area ratio, density and number of dwelling units create a situation in which costs escalate,” said a CHB official. A letter from the Ministry of Home Affairs (MHA) on October 10, 2012, stating that land for any purpose should not be disposed of below market value and without auction, further complicated the issue of affordability for CHBs. Is.
In the case of Sector 53 scheme also, the CHB had requested the UT administration to increase the FAR from 1.5 to 2, increase the density from 250 PPA to 350 and height from G+5 to G+6. Scheme in Sector 53. The Housing Board had submitted that in order to make it an affordable housing scheme, there was an urgent need to increase the FAR. By offering more space, buyers may be tempted to invest in the scheme, it submitted.
[ad_2]
Source link