Rs 800 Crore Housing Project Stalled: Chandigarh Seeks EWS Clarity
The Chandigarh Municipal Corporation has put the brakes on a lucrative land auction planned for a Manimajra housing project, potentially generating over Rs 800 crore. The delay stems from a crucial need for clarification on Economically Weaker Section (EWS) housing policies.
The Corporation requires detailed guidelines on construction norms, cost estimations, and the allotment process for EWS units. This includes specific details regarding any associated commercial properties within the project.
Without these crucial policy clarifications, the corporation is unable to proceed with the auction. This uncertainty casts a shadow over the timely execution of the much-needed housing project.
The delay highlights the bureaucratic hurdles often faced in large-scale infrastructure projects in India. The timely resolution of this issue is vital not only for generating revenue but also for ensuring affordable housing for the city’s vulnerable population. The impact of this delay on the city’s housing needs and economic growth will be closely watched.