Chandigarh, Jan. 10 -- After years of deliberations and repeated policy reversals, the UT administration has decided to auction nearly nine acres of prime land in Sector 53, belonging to the Chandigarh Housing Board (CHB), to a private developer for construction of residential flats. If all goes according to plan, this will be for the first time in the history of CHB that a private player will be constructing and allotting the flats.

Earlier in 2008, the CHB had got into a joint venture with Parsvnath Developers to build a township, 'Pride Asia', in the IT Park area, however, the project could not take off. Ultimately, the CHB decided to refund the award money while the private developer returned the land to the Board.

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