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Arrears mount to 56 crore, CHB to start issuing notices

Officials say many allottees have not been depositing ground rent, instalments and interest for several years.

Updated on: Oct 16, 2020 12:54 AM IST
Hindustan Times/ Chandigarh | By , Chandigarh
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With outstanding dues of those allotted commercial properties aggregating to a whopping 56.42 crore, the Chandigarh Housing Board has released a list of defaulters in a bid to recover the sum.

Officials say many allottees have not been depositing ground rent, instalments and interest for several years. CHB chief executive officer Yashpal Garg said, “Ground rent and instalments are not being deposited regularly and arrears have been accumulating over the last few years. Now, we have stepped up efforts to recover the money.”

“We are in the process of issuing notices to defaulters. If they fail to deposit their dues within the stipulated time, it may lead to cancellation of allotment and finally resumption of properties,” he said.

Most defaulters have been alloted CHB properties in rehri markets and motor markets in different sectors, and the grain market, Sector 26 (see box). The highest amount due from a single allottee is 1.3 crore.

 
ABOUT THE AUTHOR
Munieshwer A Sagar

Munieshwer A Sagar is a principal correspondent at Chandigarh and reports on real estate.

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