Chandigarh: Heaven for Affordable Housing

By: George Gonigal

Chandigarh's planned development has always been hailed as a model for other north-Indian cities. Like any other city, Chandigarh too is faced with the constant expansion of the city limits. However, this expansion doesn't come at the cost of present infrastructure. Hence the real estate prospects of the city have never been affected by these developments. Now, the Union Territory is bracing up its infrastructure to keep pace with the changing times.

The city has witnessed some promising projects from leading real estate developers like DLF, Parsvnath, Omaxe, Ansals API and Emaar MGF. The consumer base for most of the private builders is the urban-rich population or the NRIs.

However, this situation is changing now. The Chandigarh Housing Board (CHB), the chief civic authority responsible for all the housing related activities in the region, is concentrating on mass housing projects. This is in consortium with the new housing policy which lays emphasis on providing affordable housing, considering the middle-income group as the potential user base. The Board recently announced the construction of around 13,000 new housing units under different categories in the city. The CHB has started construction of 160 houses in Sector-26 East (Bapu Dham) for low-income households. About 8,000 houses will be built in Dhanas and Maloya-I for the middle income group. Another 2,260 houses have been planned on 42 acres in Sector 63 under a general housing scheme. Besides this, 4,700 houses have been announced on 90 acres of land in Sectors 53, 54 and 55.

Along with this, the government agencies are also promoting small time local property developers to institute projects in the region. The Amarisis, Venus group, Kwality buildtech are prominent among these players. Most of the projects by such group are in affordable category.

All in all, it seems that Chandigarh will soon become a dream destination for the middle-income group. The city promises affordable accommodation and a good quality of life to its citizens

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