Chandigarh, Aug. 18 -- After years of delays and uncertainty, despite a demand survey earlier this year, the Chandigarh Housing Board (CHB) is finally set to launch its long-pending General Housing Scheme in Sector 53 in the second week of September.

The project will comprise 492 flats spread across 8.98 acres, with buildings up to five storeys. This will be the board's first offering in nearly a decade, having last successfully launched a housing scheme only in 2016, in Sector 51.

A senior CHB official confirmed that the brochure for the scheme had been finalised and the launch will take place with the newly revised collector rates. Under the rates that came into effect on April 1 this year, the prices have surged sharply - a three-bed...