CHANDIGARH, 28.01.26-A delegation of the Property Federation Chandigarh, led by its President Sh. Kamaljit Singh Panchhi, along with Amit Jain, Inderjit Singh, Naresh Bansal, and Manav Bedi, met Sh. H. Rajesh Prasad, Hon’ble Chief Secretary, Chandigarh, at the UT Secretariat. The delegation submitted a memorandum expressing serious concern over the Estate Office’s recent decision to directly sell properties, effectively acting as a property broker. They stated that this move has created widespread anxiety among thousands of brokers, consultants, and employees dependent on the real estate sector.
The delegation emphasized that the Estate Office, being a regulatory authority, should not act as a market participant, as this creates a conflict of interest, disturbs fair market practices, and raises concerns regarding transparency and accountability.
The Federation urged the Chandigarh Administration to intervene and restrain the Estate Office from such activities, and instead introduce a regulated system for registration and monitoring of property brokers to ensure transparency and consumer protection. The Hon’ble Chief Secretary assured the delegation that the matter would be examined and discussed with the concerned officers. The Federation expressed hope for timely corrective action in the larger public interest.