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Tricity News Chandigarh Panchkula Mohali Real Estate Updates

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  • Re : Tricity News Chandigarh Panchkula Mohali Real Estate Updates

    Citco pays Rs 1.4 crore property tax to Chandigarh’s civic body

    Deepak Yadav / TNN / Updated: Jan 12, 2023, 11:46 IST



    The civic body had offered 20% rebate in tax amount to owners of residential properties and 10% to commercial property owners for five months from April 2022 to August 2022.

    CHANDIGARH: The Chandigarh Industrial Tourism and Corporation (Citco) has paid Rs 1.41 crore property tax to the municipal corporation (MC) applying constant pressure on tax defaulters to pay up.

    Besides, three major schools, Delhi Public School, Carmel Convent School and Sacred Heart Senior Secondary School, have also paid their property tax to the authority.

    Significantly, the tax paid by the Citco is the highest from any one department in the current financial year. The amount includes arrears.

    The property tax is of three Citco properties, Hotel Shivalikview, Lakeview at Sukhna Lake and The Chef restaurant in Sector 17. Sources said Shivalikview was carrying around Rs 1.31 crore tax, while Lakeview and The Chef owed Rs 4.17 lakh and Rs 7.13 lakh.

    “Since the authority is quite strict on recovering property tax from both government and private properties, regular notices are being sent. Besides the notices, specific letters are also being written to senior officers of the department. As a result, the MC has received the significant amount of money in the form of property tax,” sources said.

    Just a few days back, Hotel Taj in Sector 17 had deposited Rs 70.80 lakh property tax to the municipal corporation. The hotel owed around Rs 1.65 crore property tax, mainly arrears. The civic body had issued a notice to the hotel, following which the entire principal amount was paid.












    Citco Pays 1.4cr Property Tax To City’s Civic Body | Chandigarh News - Times of India (indiatimes.com)
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    • Re : Tricity News Chandigarh Panchkula Mohali Real Estate Updates


      Chandigarh: Sector 53 housing scheme too leaves out middle class with 'out-of-reach pricing

      Read more at:
      https://realty.economictimes.indiati...icing/97004513



      The recent Supreme Court judgement freezing the floor area ratio has further raised doubts whether the government agency will be able to lower its prices for the new proposed inventory.


      CHANDIGARH: As the Chandigarh Housing Board (CHB) prepares to launch its Sector 53 housing scheme, touted as its most expensive scheme ever, The murmurs of lack of affordable housing in the city is getting louder.

      The recent Supreme Court judgement freezing the floor area ratio has further raised doubts whether the government agency will be able to lower its prices for the new proposed inventory. The scheme could not be launched in 2018 after a demand survey revealed that there were not many takers for the scheme because of the high cost of dwelling units.

      For 492 flats total planned to be constructed under the scheme, in the demand survey only 178 applications were received. A one-bedroom set was priced at Rs 86 lakh, 2BHK for RS 1.28 crore and 3BHK at Rs 1.5 crore. This had raised the question at what kind of buyers the CHB was targeting its housing products.

      CHB launched its last housing scheme in 2016. It also received poor response for the same reason – unaffordability. Against 200 two-bedroom flats offered, around 225 applications were received.

      Even its proposed Chandigarh IT Park scheme, currently stuck up in approval issues, the prices were out of reach of the middle class. The expected price of a three-bedroom flat is Rs 1.9 crore, a two-bedroom around RS 1.3 crore and a four-bedroom flat for Rs 2.75 crore.

      Established in 1976, the CHB primary mandate is creation of affordable housing. It has constructed more than 67,000 units, more than half of it’s for the economically weaker sections, around 34,000, most of these were consumed in slum rehabilitation programmes. But a segment, which has largely been left out, particularly, in the last decade or so is the middle class or middle-income group. CHB has constructed around 11,000 units, which can be considered to have met the housing needs of the middle-income group.

      CHB officials have long contended that the land costs in the city are too high, which leave little scope for affordable housing. “Also, restrictions in terms of floor area ratio, density and dwelling units create a situation wherein costs rise,” said a CHB official. A ministry of home affairs (MHA) letter in October 10, 2012 stating land for any purpose must not be disposed of below the market value and without auction, has further complicated the issue of affordability for the CHB.

      In the case of the Sector 53 scheme too, the CHB had requested the UT administration to increase the FAR to 2 from 1.5, density to 350 from 250 PPA and height to G+6 from G+5 on the pattern of adjoining UT employees housing scheme in Sector 53. The housing board had submitted that to make it an affordable housing scheme, there was an urgent need to increase FAR. By offering more space, the buyers can be enticed to invest in the scheme, it had submitted.
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      • Re : Tricity News Chandigarh Panchkula Mohali Real Estate Updates

        Chandigarh civic body to seal 150 commercial properties over tax dues

        Read more at:
        https://realty.economictimes.indiati...-dues/97125355



        As per information, the MC had identified a total of 350 properties which were not paying tax. Taking strict action, the authority served sealing notices and sealed some of these properties too.


        CHANDIGARH: The municipal corporation (MC) of Chandigarh has identified and prepared a list of around 150 commercial properties which are going to be sealed in the coming days for not paying property tax. Sealing notices had already been served to the owners of these properties, all of whom have to pay the MC over Rs 4 crore in property tax.

        As per information, the MC had identified a total of 350 properties which were not paying tax. Taking strict action, the authority served sealing notices and sealed some of these properties too.

        Soon after the action, around 200 property owners either deposited the tax amount on getting the sealing notices or paid the tax after their respective commercial building was sealed. Sealed properties could be reopenen once the tax payment is made.

        “Since we had sent a number of recovery notices to the defaulters, we have been left with no option to start sealing the properties. Majority of the respective property tax amounts are not much, but still these defaulters are reluctant to deposit them,” sources revealed.

        Since the property tax from commercial properties of Chandigarh is carrying the optimum amount, the civic body authority has been giving maximum focus on the same.

        Though the recovery notices are being sent to tax defaulters of residential properties too, sealing notices are only being sent to commercial properties, as the authority cannot seal houses.

        The MC has kept a target to earn Rs 80 crore from property tax in the ongoing financial year (2022-2023). The amount includes arrears pending from government departments and authorities too.

        The amount has also been mentioned in the annual budget of the MC. Since the collection of the property tax is the most crucial segment for the MC to generate revenue from its own resources, the authority is giving maximum focus to the collection of property tax.
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        • Re : Tricity News Chandigarh Panchkula Mohali Real Estate Updates

          Haryana residents ready for battle against multi-storey floors in HSVP sectors

          Read more at:
          https://realty.economictimes.indiati...ctors/97222581
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          • Re : Tricity News Chandigarh Panchkula Mohali Real Estate Updates

            Haryana government pays Rs 1.5 crore property tax to Chandigarh civic body

            Sources said Rs 1.42 crore tax is of the Haryana mini-secretariat building in Sector 17 and the remaining Rs 9 crore of its allied building.
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            • Deepak Yadav
            • TNN
            • Updated On Jan 24, 2023 at 05:26 PM IST
            CHANDIGARH: The Haryana government has deposited Rs 1.51 crore pending property tax of two of its buildings to the municipal corporation (MC) making regular efforts to make defaulters pay up.

            The dues paid are not only of the current financial year but comprises arrears pending from past few years. Sources said Rs 1.42 crore tax is of the Haryana mini-secretariat building in Sector 17 and the remaining Rs 9 crore of its allied building. The amount is the highest tax the civic body has received from any government body or authority in the current financial year.

            Sources said they are hoping the state government will deposit the dues of the rest of buildings too in the coming days. However, that amount is not too huge, according to records with the civic body.

            The MC is also hopeful that other government agencies will come forward to pay their property tax against which notices have already been sent.

            Senior officers of the MC have also recently written letters to their counterparts in both the Punjab and Haryana governments and the Chandigarh administration to pay their pending tax. Besides, a special demi-official letter was also written to senior officials of the Chandigarh railway station to deposit tax of Rs 2.30 crore.
            • Published On Jan 24, 2023 at 02:00 PM IST




            Hry Pays ₹1.5 Crore Property Tax To Mc, Real Estate News, ET RealEstate (indiatimes.com)

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            • Re : Tricity News Chandigarh Panchkula Mohali Real Estate Updates

              2 bedroom flat in Sector 51 goes for ₹1.1 crore


              Jan 25, 2023, 08:34 IST


              Chandigarh: A two bedroom (2BR) flat in Sector 51 A went for Rs 1.13 crore against a reserve price of Rs 97.53 lakh in a Chandigarh Housing Board (CHB) e-auction that concluded on Tuesday.

              A total of nine residential freehold and two leasehold commercial properties were sold. The CHB had put up 49 freehold dwelling units and 91 leasehold commercial units for e-auction in different sectors. The last date for submission of bids was Tuesday. The CHB generated Rs 6.34 crore against reserve price of Rs 5.72 crore. The detail of successful highest bidders has been uploaded on the website of the Chandigarh Housing Board www.chbonline.in. The whole process of e-tendering was completed with the technical assistance of National Informatics Centre (NIC), Chandigarh on its e-tendering platform. The highest bidder is required to make the payment by February 1.












              2 Bedroom Flat In Sector 51 Goes For ₹1.1 Crore | Chandigarh News - Times of India (indiatimes.com)
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