The SC judgement, which came in January, banned apartmentalisation or fragmentation of residential units in the city. The CHCC was given the mandate to preserve the heritage status of 'Corbusian Chandigarh'.
The move comes as GMADA is set to acquire 1,680 acres of land in the first phase the development of the Aerotropolis estate.
With the infusion of modern amenities and robust infrastructure advancements, Panchkula has emerged as an ideal destination for investment in residential properties.
Weekend Investing founder Alok Jain shared a picture of people queuing at the DLF office and tweeted, "Where is the real estate downturn?" Later, Jain said that a DLF broker told him that the entire project of 1,137 flats sold out in three days. Each flat has Rs 7 crores.
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