CHB leases out its old office to ED at ₹35 lakh a month

After suffering a revenue loss of nearly ₹8 lakh, the Chandigarh Housing Board (CHB) has leased out its old building (Block A) to the Directorate of Enforcement, Chandigarh Zonal office, at the cost of ₹35 lakh per month for a period of five years.

- Hillary Victor

CHANDIGARH: After suffering a revenue loss of nearly ₹8 lakh, the Chandigarh Housing Board (CHB) has leased out its old building (Block A) to the Directorate of Enforcement, Chandigarh Zonal office, at the cost of ₹35 lakh per month for a period of five years.

The building, with an area of 16,134 square feet, is located at a prime spot in Sector 9.

In September 2022, the CHB had decided to lease out its old building on rent to both public and private sectors at the cost of ₹203 per square yard. However, the board authorities could not take a decision on this. It was later decided that the board would charge ₹33 lakh and GST earnings every month.