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Administration plots its move for Rs 1,200 crore land, Real Estate News, ET RealEstate

Administration plots its move for Rs 1,200 crore land, Real Estate News, ET RealEstate
CHANDIGARH: What to do with land worth Rs 1,200 crore? Build a hospital, or a convention centre? No, developing it into a commercial area sounds better? Why not a group housing society? All these options will be on the table when a key meeting of the UT administration takes place next week, according to a senior UT official.

The administration took possession of the 25-acre land in sectors 52 and 56 eight months back after rehabilitating slum dwellers of tin shed colony. The land is earmarked for the expansion plans of the third phase of the city. The slum dwellers had illegally encroached upon the land much before it was acquired by the administration in the early 1990s.

After getting possession of the land, discussions had started on its use, but the second wave of Covid-19 delayed the project, the official said. “Now, there will be a detailed discussion on the vacant land,” he added.

The administration has relocated around 1,700 families within a short period of two months. The allottees were provided flats under Affordable Housing Scheme at Maloya along with water and electricity connections. A list of occupants at pre-fab shelters in sectors 52 and 56 was prepared after a survey was conducted from September 29 to October 1, 2020 and 1,769 families allotted EWS flats in Maloya-I, the construction of which had begun in June 2014 at Rs 250 crore.

The CHB is the nodal body for the construction of rehabilitation colonies. So far, it has built 12,736 of the 25,728 flats proposed. Of these, around12,000 were built in Sector 38 (W), Sector 49, Dhanas, Mauli Jagran-II and Ram Darbar.

The administration rehabilitates slum-dwellers after conducting a biometric survey. The colonies resettled in the last 10 years include Colony No. 5, Nehru Colony, Kuldeep Colony and Mazdoor Colony.


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