Chandigarh's September 2-4 property auction netted ₹168.85 crore, doubling its ₹75.29 crore reserve. A Sector 33 plot sold for ₹33.4 crore, highlighting soaring demand in prime residential zones amid UT's aggressive e-auction strategy.
Chandigarh witnesses record-breaking property transactions in premium areas like Sector 18-A and Motor Market, with a two-kanal house selling for ₹32 crore, signaling robust investor sentiment despite tax hikes and digital reforms.
Chandigarh introduces a digital auto-mutation system starting July 7, streamlining property transfers by eliminating manual applications and ensuring transparency. Ownership records update within a week, reducing delays and potential corruption. The system leverages real-time integration between the Sub-Registrar Office and Estate Office to automate processes for freehold and leasehold properties.