Finance ministry denies grant to Chandigarh under Smart City project
January 7, 2017

The Ministry of Finance has denied the first grant of Rs 100 crore under the 'Smart City' project to Chandigarh for the current financial year (2016-2017). However, the ministry has given a verbal commitment to the Chandigarh Administration about giving the same amount of grant in the next financial year. Chandigarh Administration was set to receive total funds of Rs 200 crore for its Smart City project. While Rs 100 crore had to be allotted… Read More

Chandigarh Housing Board plans e-auction of vacant properties
December 28, 2016

Chandigarh Housing Board (CHB) intends to carry out e-auctions for its vacant properties starting January 2017. The auctions will offer residential as well as commercial properties once a week. This plan was initially supposed to commence from August 2016 but got delayed due to certain issues. CHB officials stated that the authority has identified the properties to be offered in auction. The plan is to offer a commercial property once a week and a residential… Read More

Chandigarh forms Real Estate Regulatory Authority
November 1, 2016

Chandigarh has formed a provisional Real Estate Regulatory and Development Authority (RERA) making it the first city in the country to do so for addressing homebuyers’ grievances pertaining to delay in project possessions and plots. The charge was handed over to Maninder Singh Bains, Chairman, Chandigarh Housing Board (CHB) and UT Housing Secretary. The move was taken after the Centre notified the RERA rules, directing all the Union Territories (UTs) to implement the Act in… Read More

New policy in Punjab allows commercial projects on industrial plots
September 19, 2016

According to the new conversion policy announced by Punjab, land owners having industrial plots of 1,000 sq yard or more will be able to use the land for buildings hotels, hospitals, or educational institutions. The policy specifies plots must have been allotted to five years ago from the notification of the policy in order to be eligible. The policy allows land owners to develop 40 per cent of the total area of such plots and… Read More

Centre announces Delhi-Amritsar Expressway
September 15, 2016

In a major infrastructural announcement, the Delhi-Amritsar Expressway has got the nod from Nitin Gadkari, Union Minister for road transport. This expressway will reduce the travel time between Delhi and Amritsar to two hours and 30 minutes from the current seven hours. The 450 km distance will also be reduced by 117 km. The estimated cost of the project is around Rs 60,000 crore and the work is expected to start from January 2017. The expressway will further extend… Read More

Punjab abolishes stamp duty on power of attorney for real estate
September 14, 2016

Punjab Cabinet has abolished the stamp duty applicable on power of attorney for real estate properties. This decision is expected to bring immense relief for the potential homebuyers. Until now, a two per cent stamp duty was applicable on power of attorney transactions on immovable properties. With the new rule, only a nominal Rs 1,000 and Rs 5,000 would be charged as stamp duty on the General Power of Attorney and Special Power of Attorney,… Read More

Rural infrastructure in Haryana gets Rs 204.67 crore loan boost
August 30, 2016

In a first-of-its-kind move, the rural infrastructure in Haryana which is in a very bad shape got a major boost after the National Bank for Agriculture and Rural Development (NABARD) agreed to sanction a loan of Rs 204.67 crore as part of the 22nd tranche of the Rural Infrastructure Development Fund (RIDF) for the financial year 2016-17. Of the total Rs 204.67 crore announced, Rs 147.18 crore will be allocated to the state government for constructing three… Read More

Logistic park proposed for Bathinda
August 22, 2016

Bathinda Development Authority (BDA) is planning to develop a logistic park in Bathinda which has raised hopes for the real estate potential of the city. The project will allow storage space to various industries such as hardware, sanitary, electrical, kitchenware, and home décor. Food processing units and other bio-degradable products will not be allowed storage in this logistic hub. The 35 acre park is proposed to be set up on Bathinda-Dabwali Road and will be… Read More

Centre approves land transfer to HUDA for constructing road in Panchkula
August 11, 2016

In a major move, the Union Cabinet gave a nod for transferring the land which belonged to the Indian Institute of Soil & Water Conservation (IISWC) Research Centre in Chandigarh to the Haryana Urban Development Authority (HUDA) for building 60 m Peripheral Master Road at Mansa Devi Complex (MDC), Panchkula. According to government officials handling the transfer of government land, Panchkula will get a boost in terms of growth and development in the region which… Read More

e-Biz portal launched to boost ease of doing business in Haryana
July 28, 2016

With an aim to boost ease of doing business, provide easy industrial project clearance, and address investor grievances timely in Haryana via a single platform, an e-Biz portal has been launched by the state government. Investors can log their issues by filling up the Comprehensive Application Form (CAF) available online in the portal. The move will help to bridge government-investor gap and fast-track approvals, allowing more transparency and quick grievance redressal. Sharing details about the… Read More

Group housing scheme announced by HUDA
July 28, 2016

A group housing scheme was announced by the Haryana Urban Development Authority (HUDA) for providing residential plots for all income categories in the urban areas of the state. As per the scheme, plots of different sizes in the urban estates will be identified. Of the present group housing sites, 75 per cent sites will be part of the new group housing scheme, while the remaining 25 per cent sites will be set aside to construct… Read More

Stamp duty refund announced for manufacturing sectors in Haryana
July 16, 2016

The Haryana government has announced stamp duty refund grant for industries in the state with an aim to boost the manufacturing sectors. Captain Abhimanyu, State Industries Minister, shared that for mega projects, the refund of stamp duty for categories D, C, B blocks will be 100 per cent, 75 per cent and 50 per cent respectively. This grant will be valid for land which is earmarked for industrial use to set up mega projects such… Read More

Chandigarh authorities’ approval not needed for internal alterations in homes
July 10, 2016

Chandigarh Housing Board (CHB) has decided to cut down the red tape involved in getting internal changes in homes approved by the Board. The Board has announced that now property owners do not need the Board’s permission for making necessary changes in the covered areas of a house. The Board further announced that property owners will have to submit a certificate from engineers certifying the structural stability of the property. This certificate must be provided… Read More

Property transfers in Chandigarh to get 40% rebate in fee
July 6, 2016

Chandigarh Housing Board (CHB) has announced that everyone who applies for property transfers between July 1 and December 31 will receive 40 per cent rebate in the transfer fee. The rebate will also be available for all pending transfer cases. This rebate is being offered in celebration of the fortieth anniversary of the Board’s establishment.  The Board has also approved several points to be included in the bids for the development of 200 2BHK units… Read More

Punjab to have 4-6 lane roads by 2017
July 2, 2016

With an aim to improve infrastructure in Punjab, Sukhbir Singh Badal, Deputy Chief Minister, has declared that all the major towns and cities of the state will have four to six lane roads by 2017. The state government is planning to work on a widespread road system, which is a requirement for development which will make Punjab the second state in the country to boast of huge road connectivity. While speaking at the Sangat Darshan… Read More

Chandigarh set for power infrastructure boost
June 29, 2016

The state of Chandigarh is set to witness infrastructure boost in terms of the power supply with the Union Territory (UT) Administration hired consultant submitting a Rs 670 crore plan for the next two years for meeting city demands. As per the plan, Rs 201.58 crore will be allocated for the smart grid project. Information Technology (IT) applications will be used to improve the services. Plans have also have made to set up an online… Read More

Collector rates in Panchkula reduced by 10-15%
June 27, 2016

The government has reduced the collector rates for real estate in Chandigarh’s Panchkula by 10 to 15 per cent. The reduction is applicable for both commercial and residential plots. Developing sectors such as 23 to 26 and Mansa Devi Complex 2 (MDC 2) recorded the maximum reduction in rates i.e. 15.7 per cent. In these areas, the collector rates have been set as Rs 32,000 per sq m against the Rs 38,000 per sq m… Read More

Greater Mohali auction received cold response
June 25, 2016

The auction of 22 residential and commercial sites by the Greater Mohali Area Development Authority (GMADA) received a tepid response with only nine properties being reportedly sold. It includes a school site, nursing home site apart from shops and offices (SCO), booths and residential space. The Authority managed to earn Rs 54 crore by selling these assets. The 22 sites which were put for auction consisted of a school site, a nursing home site, nine… Read More

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