Chandigarh approves freehold conversion for industrial and commercial properties

Hey folks, big news for our Chandigarh real estate community! How many of you have been eyeing industrial or commercial properties in the city but felt a bit restricted by the leasehold system? Well, get ready for a significant update! The Chandigarh administration has officially approved a policy to convert these leasehold industrial and commercial properties into freehold ownership. This is a game-changer aimed at enhancing ownership rights, significantly improving market liquidity, and giving a big boost to investor confidence in the region. It's expected to unlock substantial property value and truly support the ease of doing business here. So, for current owners and potential investors alike, do you see this as good news or bad news for buyers in Chandigarh?