Chandigarh housing board nod to IT Park housing scheme – ET RealEstate

File photo

CHANDIGARH: The board of directors of Chandigarh Housing Board (CHB) on Friday approved the group housing scheme at Rajiv Gandhi Chandigarh Information Technology Park, commonly known as IT Park.

UT administrator V P Singh Badnore had already given the go-ahead to its design in July but the pandemic had delayed the project. A project report was placed before the board in its meeting on Friday, which in-principle approved the scheme.

A senior CHB official said there would be 728 flats in the scheme and cost of the flats was yet to be finalised.

According to information, CHB would develop the project on two plots, measuring 10.51 and 6.43 acres. In all, there would be 728 flats of three categories (4, 3 and 2 BHK) in seven-storey towers. The towers would have two basements with provision of parking of two cars for each flat in addition to surface parking for visitors.

Though the exact rates of flats were yet to be decided, the tentative cost was between Rs 1.5 crore and Rs 2.75 crore. The project land was part of 123 acres that CHB got back from Parsvnath Developers following a long-drawn legal battle after a residential project, Prideasia, failed to take off.

The board has decided to launch the scheme after it failed to sell 18 residential and commercial sites in an e-auction two years ago. Due to the high reserve prices, not many developers evinced interest in the auction.

High-end flats for government officials of the administration, Haryana and Punjab were also planned in the area.

728 flats

CHB will develop the project on two plots, measuring 10.51 and 6.43 acres

There will be 728 flats of three categories (4, 3 and 2 BHK) in seven-storey towers.

The towers will have two basements with provision of parking of two cars for each flat in addition to surface parking for visitors

Though the exact rates of flats are yet to be decided, tentative cost ranges between Rs 1.5 crore and Rs 2.75 crore

The project land is part of 123 acres that CHB got back from Parsvnath Developers after a long-drawn legal battle



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *