Impact on property business; buyers turning to Mohali and Panchkula
Chandigarh 13 September ( Ranjeet Singh Dhaliwal ) : Jitender Singh Dadra, General Secretary of the Property Consultant Association Chandigarh, said the increase in collector rates in the city is directly affecting the property market as well as the administration’s revenue. He said collector rates should reflect actual market conditions, but their continuous increase is making it increasingly difficult for the common man to own a home in Chandigarh. Jitender Singh said higher collector rates put additional pressure on land and property prices. This reduces the number of buyers and affects property transactions. While property registrations earlier generated regular revenue running into lakhs and crores of rupees for the administration, the rising cost of properties and declining number of buyers have led to a fall in registrations.
He said the impact is ultimately visible in the administration’s revenue as well. “On one hand, collector rates are being increased, while on the other, the decline in registrations is affecting revenue,” he said. According to Jitender Singh, the लगातार rising property prices in Chandigarh are prompting a large number of people to shift towards Mohali and Panchkula, where comparatively affordable housing options are available. He cautioned that if the trend continues, both Chandigarh’s property market and the administration’s revenue could be adversely affected in the coming years.
He urged the administration to consider actual market conditions, the purchasing capacity of the common man and the revenue generated through registrations while fixing collector rates. He added that registration revenue has reportedly declined sharply from around ₹6 crore to ₹2 crore in the last six months, highlighting the impact of reduced property transactions.

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