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Home > Forum > Mohali > Real estate News > Low response for Mohali housing scheme.

Low response for Mohali housing scheme.

Q: The government has launched housing scheme in the Mohali region. Why the response is too low for the scheme?

mohali housing scheme
low response
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Replies (5)
1
Due to five years lock-in period, the authorities did not get large number of applicants. 6500 applications were submitted against 6300 apartments in Mohali.
Ravindra


2
In the five years the flat-owners will not have any right for sale or transfer of the flats under the scheme.
mohidul.mojumder


3
Hi guys, what is meant by 5 years lock period? How does it affect the sales?
Rajveer


4
More than 300 applicants of Purab Premium Apartments have already demanded to cancel their allotments and to refund their money.
manoj


5
Hi Rajveer, the Punjab government has introduced a five years lock period in the clause of the apartment. Because of that the response is very low for the apartment scheme.
mohidul.mojumder


6

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