Punjab Shehri Awas Yojna receives poor response in Mohali
September 22, 2017

Under Punjab Shehri Awas Yojna (PSAY) initiated by the state government, Mohali has received just 277 applications out of the total 11,417 applications received across the state. The scheme has been promoted through 163 municipal committees and six development authorities in Punjab. The Punjab Urban Planning and Development Authority (PUDA) revealed that the maximum number of applications were submitted in Hoshiarpur, Amritsar, Faridkot, Fazilka, Patiala, Sangrur, Mansa, and Bathinda districts. Of the 277 applications in Mohali, 58 have been received from Mohali city, 148 from Zirakpur, 34 from Kharar, 14 from Nayagaon, 25 from Kurali, three from Derabasi, 10 from…

Compost plants must for large commercial buildings in Chandigarh
September 12, 2017

Chandigarh municipal corporation (CMC) has made it mandatory for commercial buildings generating more than 100 kg of biodegradable waste to have compost plants. The civic body will soon frame the requisite byelaws, including penalty, for the effective implementation of this rule. This move is aimed at creating awareness about the importance of proper waste management and to make establishments responsible for the same. CMC officials shared that the central government has asked for greater focus on proper waste management; as a result, the civic body is setting up a compost plant in the garbage treatment plant. In addition, home owners are…

Punjab government slashes circle rates by 5-10%
September 10, 2017

Punjab government has reduced circle rates in both rural and urban segments. While circle and collector rates have been slashed by five percent in urban areas, a 10 percent reduction has been announced in rural areas. This decision was taken in a meeting chaired by Chief Minister Amarinder Singh. The reduction has been notified under the Punjab Stamp (Dealing of Under-valued Instruments) Rules, 1982. Officials share that these reduced rates will be applicable only on basic land rates and not on the rates for super structures. The government has issued directives to all officers about the new circle and collector rates.…

False complaints to Chandigarh Housing Board to be penalised
September 10, 2017

Chandigarh Housing Board (CHB) has warned those making insincere and frivolous complaints about their neighbours. CHB has announced that such complaints will now lead to fines. Officials share that the Board receives a lot of complaints from regarding illegal constructions or other alleged misuse by the neighbours of the complainants. Often such complaints are revealed to be false, filed with the sole intention of filed harassing the other parties. It should be noted that CHB rules requires all such complaints to be disposed within a fixed period. Further, the CHB Chairman meets all complainants personally to ensure no delay in…

Government announces policies to boost Punjab realty
September 6, 2017

Punjab government has decided to take steps to give a fillip to the real estate sentiment in the state. One of the key decisions include increasing the period for which delay in deposit of interest during moratorium can be excused. This period has been increased from 90 days to three years. Under the existing rule, successful bidders for an auction property had to deposit interest every six months during the moratorium period. Delays were allowed only up to 90 days from the due date. Officials share that the latest move will allow delay up to three years to be overlooked,…

Chandigarh RERA: Only 10 agents apply for registration
September 5, 2017

Even four months after the implementation of the Real Estate (Regulation and Development) Act (RERA) across the country, only 10 real estate agents have applied for registration under the revolutionary Act in Chandigarh. Experts estimate that there are about 400 property agents in the city. The Act has mandated the registration of real estate agents to safeguard homebuyers' interests. As per Chandigarh RERA rules, realty agents are accountable for their business activities and are liable for penalties if they do not comply with the mentioned norms. The Chandigarh Housing Board (CHB) had recently launched a website for online registration of…

Punjab reduces stamp duty by 3% for 6 months
September 3, 2017

Punjab government has slashed stamp duty in the state by three percent through the Indian Stamp (Punjab Amendment) Ordinance 2017. This brings the stamp duty from 11 percent to eight percent. Experts state that buyers of properties worth Rs 1 crore will be able to save Rs 3 lakh as earlier such properties incurred stamp duty of 11 percent which came to Rs 11 lakh. As per the reduced levy, buyers will have to pay just Rs 8 lakh for a property worth Rs 1 crore.   This announcement has pleased homebuyers in the state as they will save a…

Chandigarh Housing Board auctions sites without RERA registration
September 3, 2017

The Chandigarh Housing Board (CHB) plans to auction sites in its proposed project, IT Habitat, at Rajiv Gandhi Chandigarh Technology Park (RGCTP). However, the project has not been registered under the Real Estate (Regulation and Development Act) (RERA). The proposed project will be spread over 124 acres and will consist of commercial and residential properties along with a school, hospital, and club sites. CHB has decided to commence the e-auction of the residential and commercial sites. The first plot to be auctioned is site for the hospital measuring 8.23 acres. While two plots will be developed by CHB via public-private…

Approval of commercial building plans in Chandigarh to become expensive
August 23, 2017

The Chandigarh administration has notified Chandigarh Building Rules (Urban) 2017. The administration is also planning to hike several fees and introduce a scrutiny fee, which is likely to make it costlier to get commercial building plans approved in Chandigarh. The new rules makes self-certification mandatory for commercial buildings such as shop-cum-offices (SCOs), shop-cum-flats (SCFs), service shops, booths, and bay shops. Such structures which are governed by architectural control sheets. Industrial plots up to 1,000 sq yards may also avail of this benefit, add experts. The administration has announced that the security fee for commercial booths, bay shops, and service shops may be…

Chandigarh launches RERA website
August 22, 2017

The Chandigarh Housing Board (CHB) has recently launched the official RERA website - rera.chbonline.in - for registration of all ongoing real estate projects in the city under the Real Estate (Regulation and Development) Act. In Chandigarh, there are around 400 unregistered real estate agents operating in the city. Earlier, Chandigarh had formed a provisional Real Estate Regulatory and Development Authority (RERA) for addressing homebuyers’ complaints pertaining to delay in project possessions. The charge was handed over to Maninder Singh Bains, Chairman, Chandigarh Housing Board (CHB) and UT Housing Secretary. Recently, Property Consultants Associations of Chandigarh, Mohali and Panchkula held a…

Conversion of leasehold properties into freehold to recommence in Chandigarh
August 21, 2017

Chandigarh administration has announced that it will resume the conversion of leasehold properties into freehold. This will benefit 20,000-50,000 property owners in the city, state experts. The conversion rates are yet to be announced and are likely to be based on the collector rates of different property types. Experts point out that collector rates are the lowest values at which properties can be registered in Chandigarh. These are set by the administration and are revised annually. In 2013, Chandigarh administration had ceased the conversion of leasehold plots due to requests for readjustment of conversion charges. Leasehold properties can be occupied…

Chandigarh realtors seek joint committee for RERA, GST complaints
August 20, 2017

Realtors from Chandigarh have suggested that a joint action committee be formed to handle the common woes in the union territory concerning Real Estate (Regulation and Development) Act (RERA) and the Goods and Services Tax (GST). This suggestion was put forth by Suresh Aggarwal, President, Haryana Property Association. The joint committee will further escalate the issues with the concerned authorities. These discussions were held at a recent seminar attended by realty consultant associations from Chandigarh, Panchkula, and Mohali. The participants debate about the implementation of RERA and concerns of property consultants in the region. RERA requires mandatory registration of property…

Survey of commercial properties to begin in Chandigarh
August 7, 2017

To improve revenue records, the Municipal Corporation of Chandigarh (MCC) will soon commence a door-to-door survey of properties across the city. Initially, the corporation has decided to begin with surveying the properties of Sector 17. All commercial entities would be included in a phased manner. There are around 1.25 commercial properties under the jurisdiction of the corporation. As these properties help generate 80 percent of the total revenue collected by the MCC, the civic body has decided to incorporate every commercial property under the tax ambit. Officials have stated that the data collectors would measure both covered and plotted areas…

Punjab RERA to accept applications even on holidays
July 28, 2017

Punjab government announced that applications for registration under the Real Estate (Regulation and Development) Act (RERA) will be accepted even on holidays. This has been prompted by the surge of applications as the deadline for registration approaches. The state plans to set up special counters to manage the rush of applications. Applicants may take advantage of this announcement and visit the special counters at Punjab Civil Secretariat II, Sector 9, Chandigarh or PUDA Bhawan, Sector 62, Mohali. These counters will also remain in operation on July 29 and 31 to allow promoters, developers, and real estate brokers to adhere to the RERA…

Delhi and Chandigarh to have a common regulator, appellate under RERA
July 26, 2017

The government has announced that Delhi and Chandigarh will have a common regulatory authority and appellate authority under the Real Estate (Regulation and Development) Act (RERA). Chandigarh authorities comment that this makes sense as the Union Territory (UT) has a very few private developers that come under RERA’s purview. Chandigarh had set up a temporary regulator under RERA in October 2016. Later, the administration wrote to the Ministry of Home Affairs, requested that its regulator be clubbed with that of Delhi.   Authorities have added that the members of the regulatory authority will be available in Chandigarh for a few…

Punjab realty comes to a halt as buyers wait for stamp duty reduction
July 23, 2017

Property transactions in Punjab have come to a complete stop as buyers wait for the government to notify the proposed reduction in stamp duty. This could hurt the state government’s revenue collection targets for this year. Last month, while releasing this fiscal’s budget, the state government had announced a three percent reduction in stamp duty charges on urban properties. This brings the stamp duty on registration of properties down to six percent from the earlier nine percent. However, the rate cut has not come into force as it is yet to be notified. Unsurprisingly, buyers of residential as well as…

Chandigarh civic body to send property tax alerts on mobile phones in 2018
July 15, 2017

From June 2018 onwards, the Municipal Corporation Chandigarh (MCC) will send out property tax alerts and notifications to around 23,000 commercial tax payers on their mobile phones. A mobile application will be launched soon to pay taxes, too. The civic body has also contacted a Noida based Geographic Information System (GIS) company, Consortium India Pvt Ltd to formulate a system to locate residential and commercial properties in the city. A sum of Rs 1 crore has been allotted to the GIS company, who will do a survey in the coming week to develop the system in a year's time. Officials…

No approval of revised building plans in Chandigarh without parking space
June 18, 2017

Chandigarh authorities will no longer approve plans for building revisions in the absence of adequate parking space. In case of houses measuring 1 kanal and above, it will be mandatory to have parking space or their revision plans will not be approved. The authorities have taken this decision to curb the ever-increasing problem of parking in residential areas. With about 12 lakh registered vehicles in the city, Chandigarh is believed to have the highest density of vehicles in India. This puts the number of two- and four-wheelers in the city at more than two per household. Officials share that rules require property…

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