The Chandigarh Housing Board (CHB) will float a tender within the next two weeks for the construction of a multi-purpose convention centre with a mix of flats, commercial and residential properties on 123 acres at the IT Park near The Lalit hotel. The board had got back the land from Parsvnath Developers 21 months ago, after Prideasia, the builder’s residential project, failed to materialise. Now, the CHB’s plan is to build a facility on the lines of Delhi’s India Habitat Centre. An acre is 43,560 square foot.
“We are floating tenders by the end of this month or the week after that. It will be under the Public Private Partnership (PPP) mode. We expect reputed companies to bid. Considering the prime location, we expect the project to be a hit,” said CHB chairman Maninder Singh.
The board has decided to construct two five-star hotels, a world class school, a mall and around 4,000 flats for all categories, including for officers. To avoid wasting time in getting the drawings approved, the CHB will follow the drawing already approved for the Habitat Centre.
Why the land has come back to the CHB
In October 2006, the CHB decided to develop the residential/commercial and other related infrastructure with Parsvanth Developers Limited at Rajiv Gandhi Chandigarh Technology Park. It was decided that the amount deposited by allottees was to be shared in 70:30 ratio between the developer and CHB.
Thereafter, the CHB transferred 123 acres as freehold, but the project could not materialise and applicants started asking back their money, following which the builder approached the court.