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Housing ministry to take up Chandigarh’s property lease proposal in May

News credits ET Realty CHANDIGARH: After finalizing the proposal of converting leasehold properties into freehold in the Industrial Area phases I and II, the UT administration will discuss the same with the Ministry of Home Affairs (MHA) next month after the Lok Sabha elections get over.
The administration had last converted leasehold plots into freehold in 1983 in the commercial category. MP Kirron Kher had also taken up the matter with the MHA and Union urban development ministry. City-based industrialists have for long been demanding conversion of leasehold property into freehold and leasehold to leasehold in the industrial area.