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Housing ministry to take up Chandigarh's property lease proposal in May
ET Realty  |  April 23, 2019

TNN Chandigarh

The Chandigarh administration had formed two separate committees — one for pending demands of industrialists and the other for traders’ demands.

 

After finalizing the proposal of converting leasehold properties into freehold in the Industrial Area phases I and II, the UT administration will discuss the same with the Ministry of Home Affairs (MHA) next month after the Lok Sabha elections get over.

 

Requesting anonymity, a senior UT official said they have prepared all the documents and soon a discussion would be held with the ministry officials. After MHA’s approval, the UT will notify the conversion rates, he added.

 

The Chandigarh administration had formed two separate committees — one for pending demands of industrialists and the other for traders’ demands.

 

The administration had last converted leasehold plots into freehold in 1983 in the commercial category. MP Kirron Kher had also taken up the matter with the MHA and Union urban development ministry.

 

City-based industrialists have for long been demanding conversion of leasehold property into freehold and leasehold to leasehold in the industrial area.

 

Recently, the UT administration had even conducted a survey in the industrial area to check out the leasehold plots.

 

The administration had set up phases I and II of the Industrial Area during the 1970s on an area measuring 147 acres.

 

The plots are governed by zoning and architectural control prepared as per the conditions prevailing at the time.