HC’s directions to Chandigarh administration welcomed by flat owners
The UT administration has been given a four-month period by the Punjab and Haryana High Court (HC) for finalizing charges involving conversion from leasehold to freehold for flats of co-operative housing building societies.
The directions issued by the HC to the UT administration underscore a move which has been widely welcomed by thousands of occupants of flats in co-operative housing building societies.
These occupants hope to become the owners of their properties and are essentially seeking ownership rights. However, they feel that even if conversion from leasehold to freehold is allowed, they will be able to avail a horde of facilities. The occupants have been seeking the mentioned conversion because, under leasehold, an occupant is basically a lessee and he/she is almost like a tenant, with no major right on the property.
Going by the records of the Chandigarh Housing Board, nearly 120 of the city’s housing societies come under its ambit; out of which 55 to 60 societies – situated in Chandigarh’s southern part – are leasehold.
Meanwhile, noting that the HC’s directions will affect approximately 25,000 residents of leasehold co-operative housing building societies in Chandigarh, Chandigarh Social Welfare Council’s Chairman S S Bhardwaj said: “The residents have been fighting to convert their properties into freehold to become absolute owners of their flats. This move will also generate revenue for the government.”
Source: The Times of India
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