City Beat: Finance Ministry Holds Back Rs 100-Cr Smart City Grant For Chandigarh [Video]

City Beat: Finance Ministry Holds Back Rs 100-Cr Smart City Grant For Chandigarh [Video]

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In what is being considered as a blow to the Chandigarh Administration, the Ministry of Finance has held back a grant of Rs 100 crore to the city for the current financial year 2016-17. While the ministry has verbally assured the city authority that the grant will be given in the next financial year i.e. 2017-18, the city has only received Rs 67 crore as grant from Ministry of Urban Development (MoUD). Chandigarh, which is a part of the list of smart cities announced so far, had to receive Rs 100 crore each from the finance ministry as well as the urban development ministry in the current financial year and a total of Rs 1,000 crore over the period of five years.


Moving on, Chandigarh Housing Board (CHB) has announced that it will develop a multi-purpose complex on the 123-acre land lying vacant in Rajiv Gandhi Chandigarh Technology Park. The complex would be created on the lines of Mumbai's Bandra-Kurla Complex. The complex in Chandigarh will have studio apartments, hotels, office space and institutions like India Habitat Centre, India International Centre, along with old age homes and a financial hub. Moreover, CHB will also auction chunks of 10 acres to developers via an e-auction.


In another development, CHB has also formulated policies aimed at regularising transfer cases in the city that have been pending from past two years. Cases that have no proper linkage, or absence of requisite documents for establishing a proper linkage or establish a complete sale transaction, the CHB has given its approval to regularise such cases. The policies would include a detailed public notice in 10 newspapers mentioning all the parties involved in the process of transfer, submission of a special indemnity bond by applicants before transfer stating that in case of fraud or irregularity, appropriate action can be taken to cancel the transfer. 

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