Due to rationalisation in the policy of transfering flats which were sold on GPA, there has been a sudden rise of prices of the flats by upto Rs 5 lacs.Most of the flats are in the housing societies in Sectors 48 to 52
The newly announced policy allows issuance of a share certificate to each member of the society. This certificate will be transferable and banks will give loan on this. The rate of transfer has been fixed at Category A Rs 50,000 Cat B Rs 25,000 and Cat C Rs 10,000.
The certificate indicates ownership and also provides the right to vote in the affairs of the society.
Part of the Dream Weave Walk Network 1998-2010