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Golden Tone Sec-80 Mohali

Golden Tone Sec-80 Mohali

These are Society Flats constructed on land allocated by Greater Mohali Area Development Authority to the 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.

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

Beverly Golf Avenue Mohali

Beverly Golf Avenue Mohali

Beverly Golf Avenue  is an offering of MB Infrabuild Pvt. Ltd. a Delhi based group. They have built five star hotel Radisson Blu in Paschim Vihar, New Delhi, GD Goenka Public School Roihini, New Delhi to name a few. Beverly Golf Avenue Sector 65 Mohali is their first project outside National Capital Region. The name Beverly Golf Avenue has been aptly kept as Mohali Golf range is the immediate neighbour. Majority of the flats (all of Maxima & Luxima) face soothing green carpet of the range. We will divulge details which makes Beverly Golf Avenue an interesting and special offering.

Basic Information

The 7 acre site located in sector-65 Mohali, has been bought by MB Infrabuild Pvt. Ltd. from GMADA. The CEO of the company is Mr. Manmohan Garg a civil engineer. The site has been bought in auction from GMADA (Greater Mohali Area Development Authority) and RERA (PBRERA-SAS81-PR0111) has been taken. This is RERA for Phase 1, as per which completion date of Towers 1,2,3,10,11,12,13 & 14 for 242 flats is 31st July, 2021. These ready to move luxury flats in Mohali will be possession able by July 2021. RERA for phase 2 for Towers 4 to 9 is PBRERA-SAS81-PR0451 as per which possession is by 31st July, 2023.The construction is quite at advanced stage already.  

Information about Location of Site & Surrounding Areas

It’s an excellent 7 acre site open on 3 sides with roads 100 ft, 60 ft and 40 ft wide. There is only a road separating the site and Chandigarh. Sector 48 of Chandigarh is right opposite to the site. There is no other site of flats of Mohali, in such close proximity to Chandigarh. The 100 feet wide road connects the site with Tribune Chowk on one side and on the other side it connects with the Chandigarh/ Mohali International Airport Road near Indian School of Business (ISB) Mohali and IISER Mohali.

10 acre Mohali Golf range is in the front of the project. Beverly Golf Avenue is giving one membership of the range free.Golf Range is managed by Greater Mohali Area Development Authority (GMADA) and it has hired coaches to train the budding young Golfers.

IT city is 5 Kms from Beverly Golf Avenue. It will be the Job hub and the education hub. Here Infosys campus will come up in coming years. 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 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 the price as well as the rentals. After possession as per my estimate a 3 BHK will tentatively fetch above Rs.50000/- per month.

Salient Features of The Site

Total area: 7 acres

The site is accessible from three roads of 100 feet, 60 feet & 40 feet.

Floor Area Ratio (FAR): 2.5 (additional 0.5 can be bought)

Details of The Flats

Beverly Golf Avenue has three spacious layouts. This will avoid cluttering and maintain them as premium flats. It’s a good proposition to come up with posh flats considering the flats are in Chandigarh neighborhood. The flats are a perfect substitute for people searching for Builder Floors in Chandigarh minus the drawbacks of the floors like insufficient car parking, security etc.

Sizes

A. 3BHK+ Servant of smaller size is called Optima;

Super area: 2072 Sqft, Built up area:1441 Sqft, Carpet area: 1198 Sqft. Has efficiency of 65%.

B. 3BHK+ Servant of bigger size is called Maxima;

Super area: 2652 Sqft, Built up area:2175 Sqft, Carpet area: 1556 Sqft. Has efficiency of 65%.

C. 4BHK+ Servant is called Luxima; it also has powder room.

Super area: 3140 Sqft, Built up area: 2264 Sqft , Carpet area: 1892 Sqft . Has efficiency of 70%

Analysis of The Layouts

Layouts are quite spacious. Best part is balconies with all the Bedrooms. However none of the layouts have a store. Cupboards are not included in the offering. Servant room of Optima is small.  All flats of Maxima and Luxima face the soothing green carpet of the Mohali Golf range.

Salient Features of The Project

Height: Stilt+11, Total 14 towers, Total Flats: 472, Club house is of 20000 Sqft. Optima has 4 flats on each floor, Maxima & Luxima has 2 flats on each floor. Giving Modular Kitchen minus the Gadgets. Air Condition ducting will be provided.

One free Mohali golf range membership. One free car parking. Commercial shops for all the daily needs including Saloon and a Mega departmental Store. Multi-layered security. Golf avenue Mohali price starts from Rs.1,28,00000/-

Green Measures

  1. Rainwater harvesting
  2. Solar powered street light
  3. Use of LED lamps in common areas

Payment Plans

Construction linked plan, Down Payment plan with 10% discount on Basic selling price.

Contractor: No information with us though construction of Towers 1-3 and 10-14 is at an advanced stage. Structure is nearing completion.

Maintenance cost: No yet decided. Though 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

CP-67 Mohali

CP-67 Mohali

CP-67 is an excellent Commercial Project by Unity Group. The construction is in full swing.

Location: It’s located on 200 feet wide Airport Road in sector 67 Mohali. The site has 100 feet wide road and service roads on remaining two sides. The visibility because of wide front of the 4 acre site is a great advantage plus the location of the site having densely populated Mohali sectors like 67,68, 69, 77,78,79,80. Plus it has sizeable high rise apartments like Golden Tone, Dolphin Tower, Pancham Society, Darshan Vihar flats. The IT sector in sector 67 has potential young shoppers.

Concept:The confidence in the product can be gauged from the fact that company is not allowing buyers to lease the bought Showrooms. Company has a strong leasing team and is leasing the retail showrooms on its own to brands having strong customer pull.

The bouquet offering is excellent, decided keeping in mind to create foot fall.

Ground Floor- Retail Showrooms

First Floor-Retail Showrooms

Second &Third Floor-Food Court & Fine Dining, Dedicated space for Gym.

Fourth Floor-Conference space

Fifth Floor-Admin office

Sixth till Twelfth Floor- Small Lockable offices and Service Flats

Apart from this the project has 5 Screens for which it has tied up with PVR, it also has Corporate office space.

Company is selling only through selected channel partners like Marigold Infratech (9041033051).

About Unity Group

Is a well known name in NCR Delhi for developing more than 19 Commercial Malls. Some of them are crowd pullers for the area giving robust business because of their planning and location. Some of them are Unity One in Rohini, Vegas in Dwarka, City Centre in Dwarka Sector 12, Unity one in Janakpuri, Unity One in Shahdra.

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