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IREF® - Indian Real Estate Forum > Real Estate in India > More Cities/States > Real Estate Chandigarh > New projects in Mohali junction
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Old July 5 2012, 12:41 PM   #1
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Default New projects in Mohali junction

Hello Groups,

I have received some information about two new projects coming up in Mohali junction. Both of them are selling virtual spaces.

1) Big Bazaar

Rate: 4500 psf
Minimum Area : 100 sq ft
Return till posession : 10%
Return after hand over to Big Bazaar: 38 psf (with escalation of 15% after every 3 years) + Revenue Sharing
Buyback after 6 years: @6000 psf
Buyback after 9 years: @7000 psf

Combined return: arnd 18% p.a



2) Cinepolis

Rate: 2800 psf
Minimum Area : 100 sq ft
Return till posession : 10%
Return after hand over to Cinepolis: 24 psf + Revenue Sharing
Buyback after 6 years: @4000 psf
Buyback after 9 years: @5000 psf

Combined return: arnd 18% p.a

Both of them are started by C&C Towers Limited.

I would like to know expert comments here regarding sale of virtual space. Any other feedback about this location and these projects?

 
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