The UT estate office has successfully recovered over Rs 527 crore in lease and rental dues, with Rs 427 crore collected in the past one and a half years, starting on April 1, 2022. In the current fiscal year, up to September 30, approximately Rs 150 crore has been collected, with another Rs 150 crore anticipated by March 31. This financial recovery initiative, led by UT Finance Secretary Vijay Namdeorao Zade, involved the issuance of more than 4,000 notices to defaulters, primarily from leasehold properties. The recovery effort highlights the importance of timely financial compliance within the organization.
The UT estate office has made a significant financial recovery, collecting a substantial sum of over Rs 527 crore in overdue lease and rental payments. This accomplishment, which commenced in April 2021, saw a remarkable Rs 427 crore collected within just one and a half years, starting on April 1, 2022. Throughout the current fiscal year, extending into 2023-2024, the estate office has successfully retrieved around Rs 150 crore by the end of September, with another anticipated collection of Rs 150 crore expected by March 31.
The UT estate office oversees leasehold properties and rental agreements, mandating that occupants fulfil their financial obligations within specified timeframes. Over the years, numerous allottees and occupants neglected their financial responsibilities, resulting in a substantial accumulation of overdue payments. Recognizing the gravity of this issue, UT Finance Secretary Vijay Namdeorao Zade took decisive action last year, prioritizing the recovery of long-standing government dues since April 2022.
This initiative is orchestrated under the watchful eye of the Financial Secretary (FS), who conducts quarterly reviews of the recovery process. Deputy Commissioner-cum-Estate Officer Vinay Pratap Singh leads the project and conducts monthly assessments to ensure progress is maintained. During this period, more than 4,000 notices were issued to defaulters, underscoring the seriousness of the estate office's efforts. Significantly, the highest recoveries have come from leasehold properties.
The UT estate office serves as the custodian of various types of properties, encompassing industrial, commercial, and residential assets, which are leased or rented under various classifications. Occupants are expected to submit their lease and rent fees promptly. However, in instances where they failed to do so, formal notifications were served to prompt compliance. In cases where occupants persistently neglect their financial obligations, the estate office takes assertive measures to enforce the necessary recoveries.
The prudent actions of the UT finance secretary in addressing this issue have yielded substantial results, recouping a significant amount in overdue payments and helping to reinstate the financial integrity of the estate office. This achievement underscores the significance of adhering to financial obligations within stipulated timeframes. Through diligent efforts, the estate office has demonstrated its commitment to financial accountability and the effective management of lease and rental payments.
By successfully addressing the issue of long-overdue government dues, the estate office has improved its fiscal health and demonstrated the importance of timely financial compliance. As the recovery efforts continue, the UT estate office remains dedicated to ensuring that all leaseholders and occupants fulfil their financial responsibilities and contribute to the stability and effectiveness of the organization. This achievement stands as a testament to their dedication and commitment to financial responsibility, setting a positive example for others in similar situations.
The Estate Office is a division within the Chandigarh Administration responsible for managing various properties owned by the administration, including residential, commercial, and institutional assets. It oversees the allocation and auctioning of these properties and maintains detailed ownership records through its various branches. Additionally, the Estate Office plays a crucial role in preserving the aesthetic appeal of Chandigarh, known as the "City Beautiful," by monitoring property usage, addressing building violations, and removing unauthorized structures to maintain planned development.
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