A 2003 allotment clause bars third-party sales of the Chandigarh Housing Board's 11-acre Sector 53 site. CHB has asked the UT Estate Office to relax it so the planned auction can go ahead.
The Chandigarh Housing Board plans to auction about nine acres in Sector 53 to a private developer to build and allot flats, a first for the board. Here is what it means for Chandigarh buyers.
Chandigarh's housing market stalls amid high costs and delays in Sector-53 scheme and IT Park project, while Mohali and Panchkula surge with rapid group housing, strong ROI up to 12%, and infrastructure boosts drawing investors to affordable luxury options.
Chandigarh Housing Board’s Sector 53 self-financing housing scheme sees unprecedented demand with over 6,300 applicants competing for 372 flats priced between ₹53 lakh to ₹1.65 crore, marking a significant turnaround from previous low responses