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Chandigarh Housing Board to hire private firm for 1,000 flats project at IT Park

‘To provide quality flats’ Project envisages 1,000 flats in a six storey building with swimming pool, gym facilities; to start in April, the construction is set to finish in 18 months.

punjab Updated: Jan 19, 2018 16:33 IST
Hillary Victor 
Hillary Victor 
Hindustan Times, Chandigarh
IT Park,Chandigarh Housing Board,private firm
The housing project’s construction work will begin in the first week of April and will be completed in one-and-a-half year. (HT File)

For the first time, Chandigarh Housing Board (CHB) will be hiring private architecture consultant to construct around 1,000 flats in Rajiv Gandhi Chandigarh Technology Park (RGCPT) under the Habitat Project. Till now, only government’s architect department were designing the flats for the board.

The decision has been taken to compete with the private builders and come out with best flats. In 2015, Chandigarh Housing Board (CHB) got 123 acres of land back from Parsvnath Developers.

CHB will be constructing 1,000 flats on around 17 acres of land on two sites, which will include flats for Economically Weaker Section (EWS), one bedroom, two bedroom and three bedroom flats. It will be 6 storey building with swimming pool and gymnasium in each block.

The chairman of the board, Maninder Singh Bains, said, “We want to construct best flats with latest technology and have decided to hire private architectural consultant to compete with the private builders. We will finalise the architect within a month and after that, we will invite applications for the flats.”

“We want to construct best flats with latest technology and have decided to hire private architectural consultant to compete with the private builders.”— Maninder Singh Bains, chairman, CHB

The housing project’s construction is to begin in the first week of April and the deadline is one and a half years. Its distance is around 500 m from Sukhna Lake.

Another senior officer of the board said, “As per the present collector rates, the rate of two bedroom will be around Rs 65 lakh, while for three bedroom flat it will be Rs 90 lakh.

What all the project entails

To develop 123 acres of land, the drawing have been approved. There are a total of 20 sites and the CHB will be constructing around 1,000 flats on the two sites. The remaining 18 sites will be auctioned to a builder or a developer, who will make the mandatory provision of gymnasium and swimming pool at each site. There is also a provision for a club, which will have a community centre, a five-star hotel and a marriage palace, which will be developed by the CHB. At each site, area will be earmarked for hospital, school and fire station.

The Indian Oil company bought CNG pump site for Rs 21 crore on January 4. A compressed natural gas (CNG) pump will be set up there.

However, the CHB is yet to get the bidders for others sites, including for the hospital to come up on 8.23-acre land, for which the reserved price is fixed at Rs 308 crore, while school site at 4.5 acre has reserve price of Rs 188 crore. The residential plot of 4.55 acre is at the reserve price of Rs 181 crore. Both the school and hospital sites are on leasehold, while residential site is on freehold.

Why land was taken back

In October 2006, the CHB decided to develop residential and commercial properties, besides other infrastructure, with Parsvnath Developers in IT Park. The amount deposited by the allottees was to be shared in the 70:30 ratio between the developer and the board. The CHB transferred 123-acre on freehold basis to the builder, but the project could not materialise due to various issues, and applicants started demanding their money back, following which the builder approached the court.

In January 2015, the arbitrator appointed by the Supreme Court directed the board to refund ₹567 crore to the builder, following which the land was transferred to the board.

First Published: Jan 19, 2018 16:31 IST