Indian Express 24.11.2010
CHB decides to float housing scheme for Sector 51 next month
Express News Service Tags : Chandigarh Housing Board, CHB, scheme Posted: Wed Nov 24 2010, 03:33 hrs
Chandigarh: The Chandigarh Housing Board (CHB) decided at a Board of Directors meeting today that a housing scheme for Sector 51 would be floated in the first week of December and possession would be given in June 2012. The Board also decided that after floating the scheme next month, the draw of lots would be held in January.The brochure would be sold for Rs 1,000 and an applicant can fill up any number of forms. However, in case the applicant is successful more than once, only one house would be allotted to him.
As many as 160 houses are being constructed under the scheme at a cost of Rs 50 lakh each. Terming the Sector 51 housing scheme one of the fastest to be implemented, Chairman Mohanjit Singh said that successful applicants would be allotted the houses in June 2012.
The housing board has also invited sealed bids from banks in order to work out an arrangement for sharing the earnest money deposit and processing fee. After the bids are received, the housing board would designate a principal banker.
Cash-starved CHB is making various efforts to generate funds. The concerns about funds were also raised with the team of officials who came to the city to review the status of the slum rehabilitation scheme under the Jawaharlal Nehru Urban Renewal Mission (JNURM).
