CHANDIGARH, 7 APRIL: Chandigarh Beopar Mandal (CBM) welcome the move of Chandigarh Administration to reduce unearned profit from 33%to 25 % on transfer of leasehold alloted property.
Charanjiv Singh President, Chandigarh Beopar Mandal said, we
welcome the move of Chandigarh Administration to reduce unearned profit from 33%to 25 % on transfer of leasehold alloted property. As it is still very high so we urge the UT Administration to come out with a policy to convert leasehold property to freehold with reasonable charges so that this issue is closed for ever as there is no such unearned profit applicable on transfer of freehold property.