DLF purchases 8 acres in Jalandhar for Rs. 88 crore - Indian Real Estate Forum

Smantha Sen · 16-02-07

A plot of 8 acres on national highway of jalandhar was sold to DLF for an astounding Rs. 88 crores by a recent property dealer. Of course, the land is one of the prime locations in the state. It is near MC Donald's outlet on the outskirts of jalandhar.
DLF tends to set up a retail mall on this location.It is important to mention that the value of this land wasn't as high till about few years back. The land aquired by seller few years back (2001) at Rs. 50 lakh per acre. He sold large part of it some years back at Rs. 1 crore per acre, which in itself 100% appreciation. But, the sale of remaining land to DLF recently has bought him phenomenal 2,100% gain!.

niryat · 28-12-11

all bull shit, many people may have gained from the deal. The prevailing price still on this place is no more than Rs. 6-8 Crores per acre. The site is very close to the Ansal Plaza, which has miserably failed. Jalandhar is still no place for shopping malls, in view of the low population and the attitude of the people. No one likes to drive 10-12 Kms out of the town for shopping, may be 20 yrs from now there project could be successful.

Gurpartap · 3 Weeks Ago

Quote:

Originally Posted by niryat

all bull shit, many people may have gained from the deal. The prevailing price still on this place is no more than Rs. 6-8 Crores per acre. The site is very close to the Ansal Plaza, which has miserably failed. Jalandhar is still no place for shopping malls, in view of the low population and the attitude of the people. No one likes to drive 10-12 Kms out of the town for shopping, may be 20 yrs from now there project could be successful.

Ever been to the Viva Collage mall? Check out their parking floors and try to find a spot. Ansal Plaza is failing because of their low quality and bad maintenance despite of being face to face opposite to Haveli restaurant. No one wants to make a revisit to Ansal Plaza definitely.

This stretch between Jalandhar and Phagwara is where the money is in Punjab, after Ludhiana and Chandigarh.

16-02-07	#1
Smantha Sen New Member Join Date: Jan 2007 Posts: 32 Thanks: 0 Thanked 0 Times in 0 Posts	DLF purchases 8 acres in Jalandhar for Rs. 88 crore A plot of 8 acres on national highway of jalandhar was sold to DLF for an astounding Rs. 88 crores by a recent property dealer. Of course, the land is one of the prime locations in the state. It is near MC Donald's outlet on the outskirts of jalandhar. DLF tends to set up a retail mall on this location.It is important to mention that the value of this land wasn't as high till about few years back. The land aquired by seller few years back (2001) at Rs. 50 lakh per acre. He sold large part of it some years back at Rs. 1 crore per acre, which in itself 100% appreciation. But, the sale of remaining land to DLF recently has bought him phenomenal 2,100% gain!.

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28-12-11	#2
niryat New Member Join Date: Dec 2011 Posts: 3 Thanks: 0 Thanked 0 Times in 0 Posts	all bull shit, many people may have gained from the deal. The prevailing price still on this place is no more than Rs. 6-8 Crores per acre. The site is very close to the Ansal Plaza, which has miserably failed. Jalandhar is still no place for shopping malls, in view of the low population and the attitude of the people. No one likes to drive 10-12 Kms out of the town for shopping, may be 20 yrs from now there project could be successful.