Come April 1, buying property in Chandigarh to cost more
4 days, 7 hours ago

Come April 1, buying property in Chandigarh to cost more

Hindustan Times  

Starting April 1, buying property in Chandigarh is set to become more expensive as the UT administration on Tuesday issued a notification approving a steep hike in collector rates across various property categories. According to the notification, collector rates in Industrial Area, Phases 1 and 2, have been increased by 32%, while a 19% hike has been proposed for SCOs, SCFs and bay shops on Madhya Marg, in Sector 22, Sector 34, and the road separating Sectors 34 and 35. Hike will cripple real estate market, say realtors Kamal Gupta, president of the Property Consultants’ Association in Chandigarh said the realty market was already slow and the increase in collector rate will further impact it, while giving a boost to neighbouring Mohali and Panchkula. “The collector rates, including a 33% increase from ₹62,599 to ₹83,000 per square yard in Industrial Areas, are highly inflated and disconnected from actual market rates.

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History of this topic

Chandigarh: Congress condemns proposed hike in collector rates
1 week, 5 days ago

Chandigarh: Congress condemns proposed hike in collector rates

Hindustan Times  

The Chandigarh Congress has condemned the steep increase in collector rates proposed by the Chandigarh administration. On Monday, a delegation of Congress leaders, led by local unit president HS Lucky, met deputy commissioner Nishant Yadav and submitted a memorandum outlining adverse impacts of the hike on the common citizen, as gauged by the party. Terming the revision as excessive and …

Property prices in Chandigarh set to soar
3 weeks, 3 days ago

Property prices in Chandigarh set to soar

Hindustan Times  

Starting April 1, buying property in Chandigarh is set to become more expensive as the UT administration has proposed a steep hike in collector rates across various property categories. The administration has proposed a nearly fourfold increase in collector rates for residential areas in villages, a 130% hike for properties in Sectors 1 to 12, a 96% increase in Sectors …

Mohali: Now, buying property on Airport Road costlier by up to 50%
6 months, 1 week ago

Mohali: Now, buying property on Airport Road costlier by up to 50%

Hindustan Times  

Buying a residential, commercial or industrial property along Airport Road will now be a much costlier affair with collector rates being hikes across Mohali district. With the new rates already in place from Monday, properties across Mohali have become dearer, including those on Airport Road, spanning from Airport Chowk near Sector 82 to Gopal Sweets intersection in Kharar. Consequently, buyers …

Buying property in Gurugram gets costlier as circle rates hiked
3 years, 11 months ago

Buying property in Gurugram gets costlier as circle rates hiked

India TV News  

Buyers in Gurugram now will have to spend extra money while purchasing properties in upscale condominiums, licensed colonies and builder floors at the Haryana Shahari Vikas Pradhikaran sectors. The rate of an upscale condominium like DLF Aralias, Magnolias and Camellias on Golf course Road has seen the steepest increase which have been increased by 25 per cent from Rs 20,000 …

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