Chandigarh Focuses On Clear Land Titles, First In The Country To Do So

Chandigarh has always been known for its thoroughly developed outlook in the way hospitals, schools, stadiums, commercial facilities, etc. have been planned and how residential real estate has benefitted from all this. Now, Chandigarh all set to realise its smart dream.

Landmark moves

Chandigarh could soon boast of being the first Indian city to shunt instances of absence of clear titles. It would be authenticated with Aadhar cards and thus be the first Conclusive Land Titling System (CLTS) . As per the process, once a land is registered, the CLTS must be given within 15 days. The tehsildar or designated officer would be facilitating CLTS certificates online.

Meanwhile, Punjab Energy Development Agency (PEDA) plans to implement the Punjab Energy Conservation Building Code (ECBC) . The state is one among ten in India to have prepared this code and the Department of Housing and Urban Development has already amended bye-laws to favour this move. An incentive of 50 per cent refund of building scrutiny fee on completion of building for use of Punjab ECBC, while the department of local government has provided for a 15 per cent rebate on property tax for such buildings. What's more, they have also provided an extra Floor Area Ratio (FAR) of five per cent free for the construction of green buildings. The code is mandatory for all stakeholder departments and organisations. 

To add to this the local administration has also seized nearly 50 kilograms of polythene bags from Apni Mandis in sectors 56, 40 and 41. Vidyut Kher of Mandal Properties says, “It is an encouragement when authorities enforce laws. These small steps suggest that the government is also keen on making the city developed and the local real estate will be more attractive.”

The city administration has also launched its official mobile app which would help focus on consumer rights, responsibilities and make public utility services related information easily accessible.  Geet Nautiyal who works with an MNC near Mohali has recently invested in a 2000 sq ft flat. “Besides the fact that Chandigarh is close to my hometown in Delhi and I usually must frequent the city for business reasons, I find it a very well planned place. New measures such as the Smart City App are a good way to keep the hope of Smart Cities alive.” Grievance redressal is also a provision that this application facilitates and deadlines would be specified. 

Adi Bhatt, a consultant at Bhatt Home Sales says, “Buyers look for easily accessible, project and developer ratings. If such a smart app could have been brought into real estate earlier, the sector would have been more transparent. Real Estate Act has halved buyers' worries in this regard to an extent.”

What's more

Recently, about 50,000 residential properties on lease could soon get freehold status. The administration has approved the rates of conversion

Proposed Rates

Area	Proposed Collector Rate
0-50 square yards	Nil
51 to 150 square yards	7.5% of collector rate
151 to 250 square yards	10% collector rate
251 to 350 square yards	15% collector rate
351 to 500 square yards	20% collector rate

 

Collector rates

Areas (Residential)	Collector Rates (per square yard)
Sector 1 to 12	Rs 82,368
Sectors 14 to 37	Rs 78,250
Sector 30 onwards	Rs 74, 131

What's in the market?

IT, ITes, automobile and auto ancillary, retail and manufacturing job sectors are coveted in Chandigarh and therefore a lot of migrant population is entering the city. At such a point, what are your options as a buyer?

Areas such as Mullanpur and Mohali are popular. Mullanpur's popularity as an investment destination is because of its proximity to the PGI hospital, Punjab University as well as its strategic location that gives it an advantage of easy accessibility to sectors 1 to 17. Another reason could be easy access to Baddi, an emerging pharmaceutical industry head of the country in Solon district of Himachal Pradesh.

Also read: Planned Development Makes Chandigarh Strike A Chord

2BHK, 3BHK and 4BHK units are in plenty and the range of capital values start from Rs 3500-4000 per sq ft. One could come across 2BHK units in the price range of Rs 45-52 lakh with sizes ranging from 1250-1300 sq ft.

If you are keen on a 3BHK unit, prices are Rs 40-80 lakh in the size range of 1370-2200 sq ft. 4BHK units are in the range of Rs 80 lakh-1.6 crore. These are spacious accommodations with sizes as big as 3725 sq ft.

For plots in Mohali, you could strike a deal in areas like Sector-98, 99,105, 108,109,115 as well as adjoining areas like Kharar and Sunny Enclave where plenty of options await you within a size range of 100 sq yd to 500 sq yd. On an average, the prices would range between Rs 25 lakh to Rs 75 lakh.