Photo for representational purpose only

Dushyant Singh Pundir

Tribune News Service

Chandigarh, December 31

The Chandigarh Housing Board (CHB) is likely to fix a whopping Rs2.75 crore as the price of a four-bedroom flat in a general housing scheme to be launched at Rajiv Gandhi Chandigarh Information Technology Park (IT Park).

CHB scheme

728 flats to come up under project to be launched soon

Flat rate

4 bedroom Rs 2.75 cr

3 bedroom Rs 1.90 cr

2 bedroom Rs 1.30 cr

The Board of Directors, CHB, had already given in-principle approval to the scheme to be launched in March or April.

Under the scheme, the CHB will construct 728 flats of different categories, including two-bedroom, three-bedroom and four-bedroom, in seven-storey towers. The towers will have two basements with the provision for parking of two cars for each flat in addition to surface parking for visitors.

As per the initial cost prepared by the board, a four-bedroom flat is likely to cost nearly Rs2.75 crore, a three-bedroom flat about Rs1.90 crore and a two-bedroom flat close to Rs1.30 crore. However, the final rates of the flats will be fixed after drawings of the project are approved.

An official said various clearances, including environmental, for the launch of the scheme would be obtained soon. He said the CHB would replace the mandatory EWS flats with two-bedroom flats in the scheme.

The Advisory Council’s Standing Committee on Urban Infrastructure and Planning had already approved doing away with EWS flats under the project, he said, adding that a survey was being conducted for the construction of flats under the EWS category at some other place. Two more towers of two-bedroom flats would be constructed on the space for EWS flats, added the official.

UT Administrator VP Singh Badnore had given his consent to the project in July this year. The board has 123 acres in its possession at the IT Park where 20 sites will be developed. The board will develop the project on two plots — 10.51 acres and 6.43 acres — while the remaining 18 sites will be given to private builders for development.

The housing scheme will come up close to the high-end officers’ flats to be constructed for the governments of Haryana and Punjab, and the UT Administration.

The CHB had to scrap its costliest general housing scheme in Sector 53 over a poor response from people in March this year. Only 178 applications were received for the 492 flats on offer. The scheme offered three-BHK flat for as high as Rs1.5 crore, a two-BHK flat for Rs1.28 crore, a one-BHK flat for Rs86 lakh and an EWS flat for Rs50 lakh.