By Tricitynews Reporter
Chandigarh 19th
August:- Property Consultants Association (Regd),
Chandigarh, held its urgent Executive Body meeting in Chandigarh Club. The
meeting was attended by many members to
discuss and welcome the decision of Chandigarh Administration regarding
Conversion of Residential Property in Chandigarh from Lease hold to Free hold
and for giving special thanks to H.E. V.P.Singh Badnore, Governor of Punjab and
Administrator, U.T., Chandigarh for giving this relief to the residents of
Chandigarh. It was the long pending
demands of the residents of City Beautiful.
In the meeting it was also discussed that
Administration is planning to co-relate the conversion charges with the
collector rates which are already very high and various associations of are
already requesting the Administration to reduce the collector rates. It will not be out place to mention here that
Punjab and Haryana Govt. have already reduced the collector rates in view of
slow down of the market.
Kamaljit Singh Punchhi, Chairman, suggested
that the administration should covert the properties of those applicants who
had already applied on the old rates i.e. @ 1710/- per S.Yds in the public
interest.
Kamal Gupta,
General Secretary, suggested that if at all Govt. wants to change the conversion charges a nominal change should
be done which should be within the reach of public, so that maximum number of
persons should be able to take benefit of the scheme and also generate revenue
for the Administration.
Rajiv Avasthi, President and J.D.Gupta, Legal
Advisor urged the authorities for introduction of conversion policy for
commercial and industrial properties also from lease hold to freehold. If this is done it will lead to increase in
sale purchase of properties in Chandigarh.
The Buyer of Chandigarh will not go to Mohali and Panchkula.
It was also decided to meet the Administrator
on this issue very soon.
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