JLPL Falcon View Mohali Review

In this blog we will do Falcon view Mohali review. Falcon View apartments is a project by Janta Land Promoters Ltd. a company which has created a niche for itself in Tri-City due to good quality, timely delivery and excellent appreciation in all its projects. JLPL as it is popularly called has developed complete Sector-90, 94, apart from industrial Sector 82 Mohali. They have large base of satisfied customers.  Designed by Internationally renowned architect Hafeez Contractor. These are premium residential apartments in Mohali.

Basic Information:

The 28.5-acre site is located in sector-66 A. Tower wise RERA numbers are:

Tower No RERA Number Regn Valid Up To
I & J PBRERA-SAS81-PM0002 31st March, 2019
V & W PBRERA-SAS81-PR0428 31st Dec, 2021
O PBRERA-SAS81-PR0429  
C & H PBRERA-SAS81-PM0004 31st Dec, 2018
K, L, M & N PBRERA-SAS81-PR0404 30th Sept, 2020
X, Y, A & B Possession Handed  

Already 300 families are living.  

Information about Location of Site & Surrounding Areas

The towering towers visible from the Airport Road, after crossing the railway under bridge are of Falcon View. The Indian School of Business (ISB) Mohali and IISER Mohali are at a walking distance.

IT city is 5 Km from Beverly Golf Avenue. Amity has started construction and will start the session in 2020. Opposite to Sector 66 A is Sector 82 an Industrial sector where only non-polluting units are allowed. Prestigious Asoka University has also taken 40 acres. They will be starting the session from 2021. Site is strategically located near the Mohali International Airport. High rentals from these premium ready to move flats are expected. Already 3 BHK is fetching a rent of Rs4.5000/- per month plus maintenance.

Generic Information

The Falcon View Mohali resale is robust. It commands one of the best appreciation in price. Falcon View Mohali rent for 3BHK is 45000/- plus maintenance and for 4 BHK is 55000/- plus maintenance.

Salient Features of The Site

Total area: 28.5 acres

Details of The Flats

Falcon View has two spacious layouts plus penthouses. This will avoid cluttering and maintain them as premium flats.

Sizes

3BHK+ Servant

Super area: 2480 Sqft, Built up area:2081 Sqft, Carpet area: 1676 Sqft. Has efficiency of 67.5%.

4BHK+ Servant

Super area: 3008 Sqft, Built up area: 2573 Sqft , Carpet area: 2085 Sqft . Has efficiency of nearly 70%

Penthouse: Super Area : 4695 Sqft, has option of 3 BHK or 4 BHK+Puja Room + Bar + Srevant+ Gym

Analysis of Layouts

Layouts are quite spacious. Both the layouts have a small store. The highlight is the spacious kitchen with a separate store in both 3 BHK and 4 BHK. The kitchen has separate Dry and Wet areas. It’s a fully modular kitchen.

Salient Features of The Project

Height: Ground+16, Total 13 towers, Total Flats: 1600, Club house:50000 Sqft.

4 flats on each floor

Modular Kitchen. No Gadgets.

Air Condition ducting.

Two car parkings per flat.

Multi-layered security.

Payment Plans

Construction linked plan, Down Payment plan.   

Contractor: No information with us. More than 300 families already living. Structure is by Mahimutura Consultants Pvt. Ltd. of Mumbai

Maintenance cost: Rs. 1.5/- per Sqft of Super area.

 Competitors:

Beverly Golf Avenue, Hero Homes Mohali, Marbella Grand Mohali, Homeland Mohali, ATS Mohali Casa Espana. 

JLPL Falcon view brochure or for site visit call or WhatsApp at: 9041033051

Golden Tone Flats Sec-80 Mohali

Golden Tone Flats Sec-80 Mohali

Flats in Sector 80 Mohali

These are Society Flats constructed on land allocated by Greater Mohali Area Development Authority to the Society. Some also call them Cooperative house building society.

Basic Information:

The 2.66-acre site is located in sector-80, Mohali on the sector dividing road of Sector79 and Sector 80.  Towers A, B, C, D have been completed and possession given. More than 70 families are presently residing. Only tower E is under construction out of the total five towers.

Information about Location of Site & Surrounding Areas

Site is on 100 feet sector dividing road and 200 metres from the Chandigarh Airport Road also called Mohali airport road. It’s open on 3 sides. It’s at 5 minutes’ drive from Indian School of Business (ISB) Mohali and IISER Mohali.

IT city is 5 Km. It will be the Job hub and the education hub. Infosys campus will begin operations in coming years. Amity will start the session in 2020. Prestigious Asoka University has also taken around 40 acres. They have filed for permission with Punjab government to start as ‘Palkash’ University from 2021.

Closeness to the IT City and Education institutes like ISB, IISER  will in demand for both buying and renting.

Salient Features of The Site

Total area: 2.66 acres

The site is accessible from three roads of 100 feet, 40 feet & 40 feet.

Floor Area Ratio (FAR): 2.5

Details of The Flats

It has only one spacious layout with a store. There’s two tier sufficient car parking in basement and under stilt.

Layout is very spacious. Balconies are wide. All the four flats on the floor are well lit.

Sizes

3BHK+ Store + 2 balconies

Super area: 2100 Sqft, Built up area:1690 Sqft, Carpet area: 1400 Sqft. Has efficiency of 66%.

Salient Features of The Project

Height: Stilt+8 for Towers B, C, D. Stilt +9 for Towers A & E.

Total Flats:150

No of Flats on each floor: 4

Total Towers: 5

Possession Status: Towers A, B, C, D handed over. Tower E is under construction. Its possession is in April 2021

Parking: Both basement and Stilt

Maintenance cost: one of the lowest.

 Competitors: Hero Homes Mohali, The Views by Emaar, Sandwoods Opulencia 

Evaluation

Location of the project is very good; quality of construction is also good unlike most of the society flats. In planning and quality, it gives competition to flats made by known companies. However, the material used is basic and not very hi fi. The material though basic but solid without frills. Bank loan is available from all leading banks including Nationalised Banks. Golden tone society Mohali rent is 25000/-

Next we will cover Hope heights sector 80 Mohali.

PS: For visit call : 9041033051

Light At The End of The Tunnel

Light At The End of The Tunnel

The crisis of this scale has not been seen by anyone living today. The economic hit to some sectors is more like the real estate as compared to the F.M.C.G. sector. In economic stress people spend only on necessities. According to Credit ratings agency Moody’s, it has revised its forecast.  As per the agency in 2020-21 the Indian economy will now grow at 2.5% instead of 5.3%. Even in this there’s great disparity between sectors, Real Estate is on the fringe. In India the sector is also smitten by the Giffen Paradox, demand increases when price increases.

However, in these dark clouds there are bright spots too. First of all, the market was already being driven by the end consumers. The investors were not more than 5-10% varying from city to city. Hence it is not that the current sales will dip by huge percentage, effect will be quite less, only for two to three months after the lock-down is lifted. The two most important factors which drive the real estate apart from the sentiments are: i) the rate of interest of the home loans and ii) the agriculture production.

The average housing rate of interest approximately 7.5% now, is the cheapest in the last decade. If we factor in the inflation then the interest amount to be paid by the buyer will even be less. This is a motivator for young and educated professionals who get less influenced by the market negativity as they are always looking for an opportunity to turn their monthly rent in to their EMI. This is a sizeable population, government of India should target them by encouraging the banks to disburse housing loans with less formalities. This will slowly start oiling the currently jarred wheels of the real estate.

The second push will be given by the agriculture sector. The rice production during 2019-20 was a record high at 117.47 million tonnes. This year also saw good produce of wheat as yield was quite high. Ours being an agrarian economy, this will give push to the economy, the results though will be slow. This will lead to spare money being invested in the real estate. Having your own home and stacking gold are the two big weaknesses of Asians, Indians in particular. In some states like Gujarat, Maharashtra stock investments are at par or even more preferred than the above two mentioned investments.

Thirdly the buyers will be encouraged to move towards investing in real estate because of the bad hit taken by the stock market since February 2020. In one go prices crashed to the 2016 prices. Billions of rupees of investors got wiped out. The old saying “that no matter how much slowdown is there you still have your property in hand” has been proved correct. In stock market it is not the case, in some cases you may be left with a bunch of papers only.

In this scenario commercial properties where developers are giving assured rentals with a lock in period are a good option for investors. Even though they are doing so to allure buyers, it’s a win-win situation for both developers and investors. Buyers are getting much better return, 4-5% more than what they will get in fixed deposits. Also, when the scenario improves, which cannot go down further, they will get the appreciation as well.

Considering the prevailing prices particularly in built up residential, it will not see much correction. The buyers have to understand that unlike a decade ago, now the cost of construction is substantially high vis-à-vis the land cost. In B-towns the percentage ratio is almost 30:70, 70% is cost of construction. The cost of construction cannot come down as cement prices, sand and gravel prices, power cost and labor cost can only increase and not decrease. The best developers will do to boost sales and cut losses is by giving better value addition but are not in a position to give substantial discounts. More discounts mean compromising on quality and losing out the race in the long term in this fierce competitive battle.

Whatever the forecasting agencies might be predicting, they are not taking into account the indomitable Indian spirit, the spirit to forget and move ahead. In times like these it’s good to have a short memory rather than mourn for a long time. We bore partition, emergency, four wars and terrorism but forgot and moved on within a span of few months. We are a nation of 1.3 billion and has only 34% urban population, the disparity in education and health sectors make the cities sought after. Real estate in India is and will remain a sunshine sector with little troughs and more crests.

Current Collector Rates of Apartments & Built up Commercial in Mohali (2020)

S.NoDetails of The CompanyResidential (R)Present Rate per sqftProposed Rate per sqft
1JLPL sector 90,91,66AR17001700
2TDI sector 117,118,119R15001500
3Country colonisers sector 85R15001500
4PACL India sector 109R15001500
5Emaar sector 108R15001500
6 sector 107R15001500
7Preet Land promotersR15001500
8MK Technology ParkR12001200
9J.V.C. apartments sector68R11001100
10Sukham Infrastructures sector 66R11001100
11Unitech sector 107R14001400
12Mohali Infrastructure ltdR14001400
13RKM HousingR11001100
14Ansal sector114R15001500
15Bajwa Developers sector125R15001500
16AWHO sector 68-114R16001600
17Rishi Apartments sector 70R16001600
18Mayfair sector 70R16001600
19Jalvayu sector 67,68R16001600
20Ivory Tower sector 70R16001600
21Pancham society sector 68R16001600
22Mohali Coop society sector 68R16001600
23Army flats sector 67,68R16001600
24Darshan Vihar sector 68R16001600
25Mundi Coop society sector 70R16001600
26Golden towers sector 68R15001500
27Multitech Towers -2 sector 90-91R16001600

Please Note: These rates are for Ground, First & Second Floor. For Third, Fourth and Fifth Floor rates are 10% less and for Sixth Floor and above rates are 20% less.

S.NoCommercial from sector 98 till Central Plaza in sector 105Present Rate per sqftProposed Rate per sqft
1Ground Floor80008000
2First Floor60006000
3Second Floor50005000
4Third Floor40004000
5Above third Floor30003000

Note: Collector rates for plots for all sectors will be posted shortly.

La Parisian Mohali

La Parisian Mohali

La Parisian Sector 66 B IT City Mohali, as the name suggest is inspired from stylish Paris, Mecca of fashion. It’s the second project being developed by the Delhi based Ambika Realcon Developers Pvt. Ltd.. The first project ‘Florence Park New Chandigarh’ is also in Mohali. It’s a team of young professionals at the helm of Ambika Realcon and its not a family venture. The clear advantage is the offering. It is the only project on the Chandigarh International Airport road (also called Mohali International Airport) which offers ensemble of sizes. Others like JLPL Falcon view and Marbella Grand are catering only the elite who can spend beyond Rs.1.25 crores. La Parisian offers same luxury and facilities to the residents who want the affordable cake with expensive Belgium chocolate topping.

Basic Information:

The 7 acre site located in sector-66 B IT City, Mohali has been bought by Ambika Realcon Developers Pvt. Ltd. from GMADA in auction. RERA no PBRERA-SAS80-PR0398 for phase 1 and PBRERA-SAS80-PR0456 has been taken from the authority. These ready to move luxury flats in Mohali will be possessionable by March 2022. The possession of rest of the towers is by 1st July, 2022.The construction has begun already.  

Information about Location of the Site & Surrounding Areas

It’s an excellent 7acre site with direct access from the Airport road by a 164 ft wide road. The 200 feet wide international airport road or the PR-7 (Periphery road) road connects the site with National Highway No 64 and National Highway No 44 (to New Delhi).

IT city in which La Parisian located. It will be the Job hub and also the education hub. Infosys campus will come up in near future. Amity has started construction and will start the session in 2020. Prestigious Asoka University has also taken around 40 acres. They have filed for permission with the Punjab government to start the university as Palkash University from 2021.

                                               Closeness to the Mohali International Airport is also an advantage which will fuel both La Parisian prices as well as rentals. After possession these apartments will be in high demand from Aviation industry and from the Logistics industry. The development of Godowns in Tepla which is hardly 20 minutes drive from the site will boost the commercial usage of the airport. Tepla is upcoming as distribution center of consumer consumables, consumer durables and pharmaceuticals which will cater to Punjab, Himachal, Jammu, Kashmir upto Ladakh.

Salient Features of The Site

  • Total area: 7 acres
  • The site is 5 minutes’ drive from National Highway No 64.
  • Tribune chowk is 10 minutes’ drive, Infosys campus is at 2 minutes, Indian School of Business (ISB) is at 5 minutes.

Details of The Flats

La Parisian Mohali has 5 layouts. It gives you a buffet to choose from. It’s a good proposition to come up with posh flats for different categories of customers.

Accommodation Size Built up Carpet
3 Bhk 1400 1139 864
3 Bhk 1655 1385 1061
3 Bhk 1725 1471 1080
3Bhk +store 1740 1475 1082
3Bhk+store+servant 2145 1840 1402
4 Bhk+serv+dress 2875 2489 1981

Analysis of Layouts

Apartments has approximately 74% efficiency. Layouts are spacious. Best part is balconies with all Bedrooms. Cupboards are included in the master bedroom. Servant room is also spacious.

Salient Features of The Project

  • Height: G+15, Total 9 towers, Total Flats: 576, Club house: 12000 Sqft.
  • 4 flats on each floor, Total Parkings: 1400.
  • Modular Kitchen with RO system, Chimney and Hob.
  • Air Condition ducting in family lounge and Bedrooms.
  • Inhouse Commercial shops for daily needs.
  • Multi-layered security.

Green Measures

  1. Rainwater harvesting
  2. 30% Building rooftop will have Solar power plant.
  3. Use of LED lamps in common areas

Payment Plans

Construction linked plan, Down Payment plan with 8% discount on Basic selling price,   

Miscellaneous Information

Contractor: In house construction.

Maintenance cost: No yet decided. At a nascent stage its too early to calculate.

 Competitors :

JLPL Falcon view, Hero Homes Mohali, Marbella Grand Mohali, Homeland heights Mohali, ATS Mohali Casa Espana. 

PS: Company is providing site visit to local customers. Cont:9041033051

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