Chandigarh, Dec. 8 -- Amid growing pressure from residents, property owners, and industry stakeholders, the UT administration is set to take up the long-pending issue of share-wise property sales - which has been banned for nearly three years - with senior officials of the Ministry of Home Affairs (MHA) on Monday.

Due to the ban, property transactions worth over Rs.600 crore are currently stalled.

It was on January 10, 2023 when the Supreme Court (SC) ruled that the first 30 sectors of Chandigarh carried the heritage status of Le Corbusier zone and, therefore, conversion of residential houses into floor-wise apartments cannot be permitted in these sectors. While declaring so, the SC had said the Chandigarh Heritage Conservation Committe...