Summary:
Chandigarh, April 21The conversion policy announced by the Chandigarh Administration has failed to serve its purpose as few people have shown interest in getting their residential properties converted from leasehold to freehold due to high conversion fee. The conversion fee for a CHB flat have been fixed from 2,11,800 to Rs 5,27,100. The administration had notified new conversion rates on October 25, 2017. Sources said only six persons had so far applied for the conversion at the Estate Office. There are 25,000 CHB flats besides 10,000 residential properties of the Estate Office on lease..