Chandigarh to Develop New Housing in Manimajra with Land Auction

1/2/2025 11:10:00 AM

                Chandigarh: Facing a severe financial crisis, the municipal corporation has decided to sell its land in Shivalik Enclave area, Manimajra, for a housing project. The project spans 6.8 
acres (4,840 sq yd) and will include flats constructed in five designated pockets.
The land, specifically earmarked for residential use, is valued at over Rs 195 crore based on the current collector rate. The civic body has calculated this amount considering all 
existing financial factors. Also, around 0.5 acres of the site has been reserved for a shopping area.
After receiving the layout plan from the chief architect of the Chandigarh administration for area listing and verification of encumbrances, the MC completed its ground survey, which 
included land verification, identification of existing encumbrances, and assessment of underground services at the proposed site. The detailed report was then sent to the urban 
planning department of the administration to issue the zoning of the site, initiating the process of allotting the land to a private bidder.
"The concerned road division of the MC's engineering department demarcated the said area on the ground to check the dimensions of the given plots and identified the existing 
encumbrances on the proposed site. Now the report has been sent to the department of urban planning to amend the proposal according to the site's conditions and prepare a zoning 
plan. The land parcel can be disposed of after receiving the zoning plan. Since it is a crucial exercise, if all goes well, it may take a minimum of six months to dispose of this land, as 
per the discussion held with the urban planning department," sources in the MC said.
Since the MC calculated the land value based on the existing collector rates, and the land is located in Shivalik Enclave area of Manimajra, the collector rate for the residential area is 
Rs 58,687 per square yard. Based on this rate, the MC can earn Rs 195.36 crore by selling 6.878 acres of land for the housing project, sources confirmed.
Moreover, as the Chandigarh administration started the process to revise the collector rates of Chandigarh and the matter is under discussion amongst the senior officers of the 
administration, sources said that if the collector rates are revised in the coming few months, the cost of the said land in Manimajra for the housing project will give more money to the 
MC. "Since the process of this entire project will take a few months, we are hopeful that the collector rates will be revised in between to ensure money to the MC."

The MC has sold its land twice since its inception. The first sale was for Uppal Housing in Manimajra at a cost of Rs 108 crore on a freehold basis in 2005. The second sale was for the 
JW Marriott Project in Sector 35 at a cost of Rs 101.37 crore on a leasehold basis in 2006.
Land------------------------------------------- ----Area--------------------Auction Amount (Rs)-------------Date
1: Uppal Housing, Manimajra--------------26,109.24 sq yd---------108.01 crore--------------Dec 6, 2005
2: JW Marriot, Sector 35------------------12,694.422 sq yd---------101.37 crore---------------Oct 17, 2006
BOX 2
Housing project
The MC land on sale spans over 6.8 acres (4,840 square yards) and has been divided into five plots for the housing project. The details of each plot are as follows:
Description------------------Area (in acres)
1: Plot no: 1---------------------1.216
2: Plot no: 2--------------------1.216
3: Plot no: 3--------------------1.216
4: Plot no: 4 -------------------1.18
5: Plot no: 5--------------------2.05
Total: 5 plots---------------6.878



Source : Times of India


            
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