Give Details Of Properties Auctioned In Yr, Depts Told | Chandigarh News

Chandigarh: The UT administration has asked different departments, boards and corporations to submit details of property auctioned by them and of unsold properties in the last one year.
The UT is planning to finalise auction plan of unsold commercial and industrial properties and nursing home sites on freehold basis.

“Nobody was investing crores on commercial properties on leasehold basis. The stringent rules in Chandigarh were proving beneficial for Punjab and Haryana, as private players in the past had preferred to invest in Mohali or Panchkula. In the past, there were some orders at the UT and at MHA level later, which restricted the UT from selling commercial properties on freehold basis. The latest decision will definitely attract buyers,” a senior UT official said.
At present, residential properties are auctioned on freehold basis, whereas commercial, industrial and nursing home sites on leasehold. After approval from UT administrator Banwarilal Purohit, the UT has allowed the e-auction of residential, commercial, industrial and nursing home sites as per provisions of Capital of Punjab (Development and Regulation) Act, 1952, and the Chandigarh Estate Rules, 2007, as amended from time to time.
As per provisions of the act and rules, sites/buildings in Chandigarh shall be sold by way of an auction or allotment, either on a freehold or a leasehold basis.
Nearly all unsold and vacant commercial, industrial and nursing home sites with different departments such as the estate office, the municipal corporation (MC) and the CHB are leasehold properties and the departments have failed to attract buyers for them.