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The Chandigarh Housing Board (CHB) has revived its long-delayed Sector 53 residential scheme, offering 372 flats, including HIG, MIG, and EWS units across nine acres. Despite strong demand-7,468 applicants for 372 units-the scheme stalled due to pricing concerns after a 30-40% cost hike following collector rate revisions. Three-bedroom flats now cost INR 2.29 crore, up from INR 1.65 crore. CHB refunded INR 7.5 crore in deposits earlier this year but is now moving toward final approvals, with launch expected in about a month. Meanwhile, CHB is planning a new 1,700-unit housing project in Sector 54, with development planning expected to conclude within six months.
The Chandigarh Housing Board (CHB) has once again revived its Sector 53 residential scheme, which has been stalled since its original launch plan back in 2018. Over recent years, the project was repeatedly shelved, then restarted in 2023, paused again, then revived in 2024 without moving forward, despite strong interest from buyers this year. Advertisement
In recent days, the Board of Directors approved the latest proposal and forwarded it to the UT administrator, following which CHB is poised to release brochures, complete environmental clearance, and register the scheme under RERA. Officials say that once the administrator signs off, the launch could follow within approximately a month.
The scheme offers 372 flats, including 192 three-bedroom HIG units, 100 two-bedroom MIG units, and 80 EWS two-bedroom units, constructed across around nine acres in Sector 53. This marks CHB's first large-scale housing release since its 2016 Sector 51 project, which had delivered 200 flats.
The strong interest shown in the demand survey earlier this year of 7,468 applicants for 372 flats was almost 20 applicants per unit, with 68% seeking HIG options. However, a collector rate revision effective from April triggered a 30-40% price increase: three-bedroom flats rose from INR 1.65 cr to INR 2.29 cr, two-bedroom from INR 1.40 cr to INR 1.97 cr, and EWS units from INR 55 lakh to INR 73-74 lakh. Amid concerns about affordability, CHB opted to refund deposits amounting to nearly INR 7.5 cr to all applicants earlier this year.
Meanwhile, CHB is setting plans in motion for a new large project in Sector 54. Around 32 acres have been earmarked, with 14 acres already in CHB ownership and the rest being transferred. Officials anticipate about 1,700 flats, with planning to be wrapped up in the next four to six months.
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