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• Chandigarh administration has approved conversion of leasehold industrial and commercial properties into freehold ownership.
• The move is aimed at unlocking significant property value and improving liquidity in the real estate market.
• Property owners are expected to benefit from clearer ownership rights and easier transactions.
• The policy is also expected to support ease of doing business and improve utilisation of underused land parcels.
• The reform is seen as a step towards strengthening the region’s real estate framework and boosting investor confidence.
The Chandigarh administration has approved a policy allowing conversion of leasehold industrial and commercial properties into freehold ownership. The decision is expected to unlock substantial property value and improve overall liquidity in the region’s real estate market, particularly across industrial and commercial segments. Advertisement
With this approval, property holders will be able to secure full ownership rights instead of lease-based rights. This is expected to make property transactions simpler, improve asset valuation, and offer greater flexibility in selling, leasing, or using properties for financial purposes such as loans and investments.
The policy is also aimed at addressing long-standing challenges linked to leasehold structures, where ownership restrictions often limit the full commercial potential of land parcels. By shifting to freehold, property owners are expected to gain better control over their assets and reduce procedural hurdles linked to approvals and transfers.
Officials have indicated that the move is aligned with broader efforts to improve ease of doing business in the Union Territory. It is also expected to encourage better utilisation of underused or locked land parcels, which have remained constrained under leasehold conditions.
The reform is further expected to support revenue generation for the administration while improving investor confidence in Chandigarh’s property market. The decision marks a structural change in how industrial and commercial land assets are managed in the region.
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