Chandigarh Housing Board Hold its Board Meeting:Decide to Waive off Lock in Period Condition

By 121 News

Chandigarh 15^th March:- The Chandigarh Housing Board vide its 395^th & 396^th Board meetings has decided to waive off the condition of lock-in-period with respect to General Self Financing Housing Scheme-2008, Sector-63, Chandigarh in the exercise of its powers under Regulation 50 of the Chandigarh Housing Board (Allotment, Management and Sale of Tenements) Regulations, 1979. As such, the transfers of properties allotted under this scheme are allowed under the different policies of Chandigarh Housing Board. It is further clarified that the property rights transferred under the GPA transactions, are hereby ordered to be regularized under the GPA Policy of CHB, whether the CHB has released the possession of the property or not. In case, the possession is not released to the allottee, then, the possession will be released to the purchaser after regularization of the GPA transaction.

 Therefore, if any allottee, under the General Self Financing Housing Scheme-2008, Sector-63, Chandigarh has sold his or her allotted apartment and dwelling unit before taking possession of the same, the transferee and buyer shall have the right to take possession directly, after having the apartment and dwelling unit transferred in his or her name.