SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Chandigarh

Chandigarh plans overhaul of building bylaws to boost industrial growth

16 Jan 2026

The Chandigarh administration has announced plans to revamp the city's building bylaws to support industrial growth, attract investment and improve ease of doing business. The proposed overhaul aims to realign existing regulations, which largely focus on residential and commercial use, with the needs of industrial and manufacturing activities. Key changes will target faster approvals, clearer land-use planning, and updated norms for floor area, utilities and compliance. Officials said the revisions will reduce delays while maintaining safety, environmental and quality standards. Industry stakeholders have welcomed the move, noting it could unlock opportunities in industrial parks and logistics hubs. The administration plans stakeholder consultations before notifying the revised bylaws in the coming months.Read more

cover photo

Relaxed building norms to ease upgrades for Chandigarh Housing Board residents

15 Jan 2026

Residents of Chandigarh Housing Board (CHB) properties are set to benefit from relaxed building and compliance norms introduced through a 2023 urban development notification, now being implemented by civic authorities. The revised guidelines simplify rules related to permitted construction features, floor space use and minor alterations within existing plots. Aimed at reducing procedural hurdles, the changes address long-standing resident concerns while maintaining safety and planning standards. The updated framework offers clearer permissions for routine upgrades and modifications without requiring full redevelopment approvals. Authorities and housing board officials are working with residents associations to explain the new provisions. The move supports smoother residential management in established neighbourhoods and aligns regulations with modern living needs.Read more

cover photo

Chandigarh Municipal Corporation in dispute over INR 32 crore land compensation

01 Jul 2024

The Chandigarh Municipal Corporation (MC) is in a dispute with the Chandigarh administration over INR 32 crore in land acquisition compensation. The MC claims ownership of the land and seeks the release of the funds, but ownership remains contested. The issue involves four plots totaling 652 kanals (81.5 hectares) acquired between 2004 and 2009 in villages like Maloya and Sector 39. Despite the administration paying INR 31.79 crore in compensation, the money has remained unused due to legal disputes. The MC's claim is bolstered by a 2022 Supreme Court judgment favoring gram panchayat ownership, potentially strengthening their case as the successor to these councils.Read more

cover photo

Chandigarh envisions iconic landmark structures featuring commercial establishments

15 Sep 2023

Chandigarh's UT administration is set to realize the vision of two "iconic" buildings along Madhya Marg, covering approximately 2.5 acres each. Proposed in the Chandigarh Master Plan (CMP-2031), the finalized volumetric plans are awaiting approval from the Chandigarh Heritage Conservation Committee. These international-standard structures will host commercial and office spaces, along with facilities for international conferences and tourism-related activities. A consultant has meticulously crafted their exterior appearance and floor layouts. This initiative aims to make a significant entry statement to the City Centre, aligning with Le Corbusier's architectural vision for Sector 17.Read more

cover photo

MHA delays decision on leasehold conversion in Chandigarh while it awaits additional inputs

13 Sep 2023

The Ministry of Home Affairs (MHA) has deferred its decision on the conversion of leasehold commercial and industrial properties in Chandigarh, citing the need for more information. In an affidavit presented to the Supreme Court, the MHA emphasized the importance of making the decision "at the right juncture" and highlighted the lack of specific details in the Chandigarh administration's proposal. The MHA also mentioned ongoing inter-departmental discussions regarding penalties for building violations and misuse of premises in Chandigarh. The delay, which has been ongoing for months, leaves Chandigarh residents waiting for a resolution on these crucial issues, despite previous assurances of progress.Read more

cover photo

Chandigarh's municipal body asserts Panjab University must pay shop property tax

07 Sep 2023

Chandigarh's municipal corporation has resolved a long-standing property tax dispute by transferring the responsibility for tax payments from shopkeepers to PU. The municipal body has recalculated the tax liability at Rs 25.22 crore, now exclusively designated for PU to settle. Previously, recovery notices were issued to shopkeepers, but they contended that they were tenants, not owners. This matter was discussed within the MC's general house, leading to the unequivocal decision that PU, as the lessee of the shops, bears the sole responsibility for property tax payment. The prolonged dispute between PU and MC has endured for months.Read more

cover photo

Chandigarh is developing new policies for property conversion and land use

25 Aug 2023

Chandigarh's property landscape is set for transformation with two ground breaking policies on the horizon. The UT administration plans to introduce policies allowing the conversion of leasehold properties to freehold and changes in land use. The conversion policy will let commercial and industrial plots become freehold properties through a conversion process, while the land use conversion policy will shift industrial plots to commercial zones, enabling business-to-consumer activities. The draft CLU policy is close to completion and has involved stakeholders' input. These policies mark significant shifts, aimed at shaping Chandigarh's real estate and economy, guided by meticulous planning and stakeholder engagement.Read more

cover photo

Chandigarh properties face water disconnection over unsettled property tax

18 Aug 2023

Residential properties in Chandigarh are facing potential water connection disconnections due to property tax defaulting. The Municipal Corporation (MC) has issued notices to around 250 defaulters, focusing mainly on the northern sectors. The MC's coordinated effort involves collaboration between the property tax department and public health wing. The phased approach targets specific sectors, emphasizing fairness. While officials stress revenue generation for city development, defaulters have been given time to settle dues. Proactive defaulters have already made payments, but a significant portion is yet to comply. The MC encourages engagement with concerned officials for guidance, reflecting a collaborative approach.Read more

cover photo

Punjab & Haryana HC stays land consolidation in Aravali village as locals allege privatisation bid

01 May 2023

The Punjab and Haryana High Court has temporarily halted land consolidation in Faridabad's Kot, following a petition claiming that the process was a front to "privatise" common village land and the Aravalis. Residents have opposed the process of consolidation, stating that common land must be earmarked and handed over to the village as per directions of the Supreme Court in 2012. A two-judge bench of justices Sureshwar Thakur and Kuldeep Tiwari issued an interim stay order.Read more

cover photo