Chandigarh Housing Board 3BHK New Price: 40% Hike Sparks Fresh Demand Survey
Chandigarh: Homebuyers eyeing 3BHK flats in Chandigarh Housing Board (CHB) schemes face sticker shock as prices jump 30-40% overnight. The shocking price revision has forced CHB to consider a fresh demand survey for its Sector 53 housing scheme, while existing applicants may get an ultimatum: pay more or walk away.
CHB 3BHK New Price Breakdown (2024-25)
📌 Old Price (2024): ₹1.65 crore → New Expected Price: ₹2.29 crore (40% hike)
📌 2BHK Flats: ₹1.40 crore → ₹1.97 crore
📌 EWS Flats: ₹55 lakh → ₹73 lakh
Why such a steep hike? CHB blames revised collector rates (government land valuation) for the unprecedented increase.
7,500 Applicants for Just 372 Flats – Will They Accept Higher Prices?
- February-March 2025 demand survey received 7,500 applications (vs just 178 in 2018)
- Applicants paid ₹5,000-10,000 as token amount – but no decision yet after 2.5 months
- Legal trouble brewing? Buyers may sue if CHB forces new prices or delays refunds
Sector 53 Housing Scheme: A History of Delays
⏳ 2018: Scheme launched → failed (high prices scared buyers)
⏳ 2023: Revived → shelved again
⏳ 2025: New survey → price bomb drops
Silver Lining: CHB Approves Lift Installations
✅ Residents can now install lifts in CHB buildings
✅ Cost-sharing allowed if neighbors want access
✅ Common areas may be used (but land remains government-owned)
What Should Homebuyers Do?
CHB claims a decision is coming “soon”, but applicants face tough choices:
1️⃣ Accept 40% higher prices in a slowing real estate market
2️⃣ Withdraw application and hope for refunds
3️⃣ Wait – but risk prices increasing further
Expert Take: “This price hike makes CHB flats costlier than private builders. Buyers should compare options before deciding.” – Real Estate Analyst, Chandigarh
Source: https://chbonline.in/
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