[ad_1]
Chandigarh: The Chandigarh Housing Board It has decided to revive the city’s costliest housing scheme in Sector 53, with plans to increase the affordability factor of the scheme.
The plan was scrapped earlier this year after a poor public response to high prices.
“To reduce the cost of the flat, the chb plans to focus on only a few categories of flats. To cut down on the cost, the suggestion of cutting down on the plans of detailed furnishings and interiors is also being considered, which is likely to bring down the cost per unit by Rs 15 lakh. Buyers will get affordable homes, and can design the interiors as per their choice and budget.”
In its original avatar, the proposed scheme consisted of 492 housing units of various categories – 192 three bedroom flats, 100 two bedroom flats, 120 one bedroom flats and 80 EWS flats.
The cost of these flats ranged between Rs 50 lakh and Rs 1.5 crore. The scheme offered a 3BHK flat at Rs 1.5 crore, a 2BHK flat at Rs 1.28 crore, a 1BHK flat at Rs 86 lakh and an EWS flat at Rs 50 lakh. A demand survey was conducted in December 2019, but due to poor response, the launch of the scheme was put on hold. The main reason for the poor response was the high cost of the flats due to the cost of the land being taken on collector rate basis.
The CHB had requested the UT Urban Planning Department on May 5, 2020, 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. Sector 53. However, the architecture department turned down the request.
The housing board had said that there was an urgent need to increase the FAR to make it an affordable housing scheme. The CHB had submitted that by offering more space in the flats, buyers would be interested in the housing scheme, which could garner a good response.
In March 2020, the board had canceled the scheme in Sector 53 and decided to refund the amount to the applicants as determined by the demand survey. However, the officials were asked to consider coming up with a new scheme that would cost less. The response to the demand survey of the scheme was poor, as only 178 applicants turned up for 492 flats. The CHB had reduced the prices of the flats twice and also extended the deadline for the demand survey.
[ad_2]
Source link