The Chandigarh Housing Board on Monday cancelled allotment of 16 small flats over non-payment of dues. The CHB has allotted approximately 18,138 flats under the Small Flats Scheme, including 2,000 flats under the Affordable Rental Housing Complex scheme. Board officials stated that allotment of around 16 small flats had been cancelled in accordance with Clause 16 of the Chandigarh Small …
In a major relief for around 448 flat allottees of Pancham Cooperative Society in Sector 68, the Greater Mohali Area Development Authority is all set to give them ownership rights after 15 years, with the builder finally clearing the pending land dues to the tune of ₹15 crore. Currently, the flat allottees of Mohali’s Pancham Society are unable to sell …
With outstanding dues of those allotted commercial properties aggregating to a whopping ₹56.42 crore, the Chandigarh Housing Board has released a list of defaulters in a bid to recover the sum. CHB chief executive officer Yashpal Garg said, “Ground rent and instalments are not being deposited regularly and arrears have been accumulating over the last few years. The outstanding dues …
In a landmark judgment, the Haryana Real Estate Regulatory Authority has ensured that no bank or financing agency would auction or sell a loan defaulting project to recover adjustment of the allottees dues. Khandelwal said there has been a rampant increase of complaints in which a peculiar trend was noticed where promoters mortgage their project, land or structure as well …
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