Chandigarh Approves New Housing Project with Increased Density in Sector 53
Chandigarh: Sector-53 CHB project to have 6 floors, stilt parking
Hindustan Times
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The Chandigarh Union Territory's urban planning department has approved a new housing project in Sector 53 that will feature stilt-plus-six-floor structures, doubling the Floor Area Ratio (FAR) to 2.4. This initiative aims to optimize land use in the densely populated city and is expected to attract private developers targeting high-income buyers.
- 01Approval for stilt-plus-six-floor structures in Sector 53, a first for Chandigarh.
- 02Floor Area Ratio (FAR) increased from 1.2 to 2.4, allowing higher-density development.
- 03Two land parcels of 4.49 acres to be auctioned for around 250 flats each.
- 04Projected costs for flats range from ₹74 lakh to ₹2.30 crore.
- 05Strong demand indicated by 7,468 applications for 372 flats received last year.
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In a significant policy shift, the Chandigarh Union Territory's urban planning department has approved stilt-plus-six-floor structures for the Sector 53 housing scheme, marking a first for the city. This decision aims to maximize the use of limited land available in Chandigarh, which has restricted options for horizontal expansion. The Floor Area Ratio (FAR) has also been doubled from 1.2 to 2.4, facilitating higher-density development and making the project more attractive to private developers. The Chandigarh Housing Board (CHB) is preparing to auction two land parcels totaling 4.49 acres, expected to yield around 250 flats each, targeting high-income buyers with three and four-bedroom units. This initiative aligns with directions from UT administrator Gulab Chand Kataria to split the land for auction. Despite a rise in estimated costs, with three-bedroom flats projected at ₹2.30 crore and two-bedroom units at ₹1.97 crore, demand remains robust, as evidenced by 7,468 applications for just 372 flats during a prior survey.
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The new housing project is expected to provide more housing options for high-income buyers in Chandigarh, addressing the growing demand in the real estate market.
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