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IREF® - Indian Real Estate Forum > Real Estate in India > More Cities/States > Real Estate Chandigarh > Pinjore-Kalka Complex Project,Chandigarh
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Old December 14 2012, 06:27 PM   #41
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hi,
can someone please share layout of huda pinjore kalka complex...

 
Old December 22 2012, 03:52 PM   #42
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May god provide relief to all suffering in this country and ability to not to resort to wrong deeds in case they encounter such things. Congrats to all.......atleast supremecourt of this nation has lived upto its expectation.
 
Old December 22 2012, 03:54 PM   #43
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Any news on when ireo launching its project -flats-?
 
Old December 23 2012, 08:02 AM   #44
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I have heard that ireo is launching npnl plots in panchkula project as they are acutely short of money. these will be 150 sq yds plots which are sold under no profit no losss scheme as per regulatory binding. expected price is 28000 per sq yds. cheque value 9000 per sq yds. one broker from chandigarh contacted me who has undwriten 100 such plots.
 
Old December 24 2012, 12:05 PM   #45
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Quote:
Originally Posted by raghavarora View Post
I have heard that ireo is launching npnl plots in panchkula project as they are acutely short of money. these will be 150 sq yds plots which are sold under no profit no losss scheme as per regulatory binding. expected price is 28000 per sq yds. cheque value 9000 per sq yds. one broker from chandigarh contacted me who has undwriten 100 such plots.
This is the IREO FIVERIVER project you are mentioning about. Right?
 
Old December 29 2012, 07:20 PM   #46
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Smile supreme court vacates the stay on pinjore - kalka urban complex

Good news for investors/end-users of dlf valley & ireo Fiveriver projects as H'able SC has vacated the stay on said projects.....On following the SC verdict, Dlf has already resumed the construction at a small level & ireo will be starting soon..... Cheers..
 
Old January 3 2013, 06:14 PM   #47
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Quote:
Originally Posted by raghavarora View Post
I have heard that ireo is launching npnl plots in panchkula project as they are acutely short of money. these will be 150 sq yds plots which are sold under no profit no losss scheme as per regulatory binding. expected price is 28000 per sq yds. cheque value 9000 per sq yds. one broker from chandigarh contacted me who has undwriten 100 such plots.
Cud u share the contact details of the broker pls.
 
Old January 4 2013, 06:44 AM   #48
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can you please send me details as well
 
Old January 12 2013, 12:17 PM   #49
 
 
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With the lifting of stay on construction in Pinjore-Kalka Urban Complex, investors and builders have heaved a sigh of relief as the project is now . . .


TNS

Homebuyers and investors who had set their eyes on owning a piece of property in the much-hyped Pinjore-Kalka Urban Complex area have heaved a sigh of relief as the stay on construction activities here was vacated recently.

All construction activities had been stopped in the area after a stay had been ordered in a case that had questioned the legality of land acquisition there. The court order had made the investors jittery and many had feared that the area would go the Noida Extension way. But now the clouds of uncertainty looming over the picturesque urban complex area have cleared. With this the project site, which is along the NH-22, is back in the reckoning and the builders as well as buyers are in an upbeat mood. According to experts this may also serve as a shot in the arm for the slackening realty market in the area.

A bumpy ride

The Haryana Urban Development Authority’s (HUDA) ambitious urban complex project has not had a smooth run since its inception. HUDA was the first to announce its intention to develop the area as urban complex about five years ago. However, the project ran into rough weather with the Union Ministry of Environment and Forests raising objections. The project has remained largely unexploited due to legal and demographic reasons, in spite of vast options for the investors and end users to own a dream house in picturesque surroundings.

Right pitch for big game

With the decks cleared for construction activities, HUDA and several big realtors are all set to cash in on the demand of the people wanting to own a house in the urban complex. HUDA, in fact, is the biggest player in the area with the largest land bank and scope of acquiring more land. “The layout plans for three sectors are in the final stages of approval by the Haryana Government following which HUDA’s residential and commercial urban complex would be opened to the public,” says Panchkula’s District Town Planner Hitesh Sharma.

Private players like DLF and Ireo have mega integrated township projects planned in Sectors 2 and 3 of the urban complex. Though construction activities are yet to commence fully in Ireo group’s 200-acre “Fiveriver” project that was launched in 2011, it will have premium apartments, villas and penthouses.

The DLF group that has 209-acre ‘DLF Valley’ township project was the worst hit by the stay on construction activities as the construction work for its independent floors was in full swing when the court orders were received. According to the group’s Director for North, Rakesh Kerwell, “The construction activities will take some time to gain momentum but with this clearance the property market in the area will soon be back on its feet and sales will pick up in the next few months.”

Project view

A purview of the upcoming projects reveals that there is something to suit every pocket here with options including freehold residential plots, group housing flats, low rise apartments, villas, commercial space etc. While prices are on a higher side in DLF and Ireo’s integrated projects, the emphasis in both the projects is on offering a complete package comprising residential, commercial and recreational facilities, including clubhouses, schools and hospitals etc to buyers from different parts of the region. While the DLF Valley, Panchkula, is situated on a flat terrain amidst scenic surroundings with river bed, hills and forests ensuring a tranquil and peaceful abode, Ireo’s villas promise a “neighbourhood feel”.

Though independent floors was the key focus in DLF Valley initially, the group is planning to launch new products in its project keeping in mind the changed market dynamics, says Kerwell.

Mumbai-based realty major Rahejas Group, too, is in the process of launching a project here.

Another realty group — Evershine — has been given a licence to develop a nine-acre commercial complex.

The existing real estate developers, including Amaravati Developers, are also in the process of expanding their projects. Commenting on the potential of the area along NH-22, Kulbhushan Goyal of Amaravati Enclave, says, “We recognised the potential of the area long back and were the first real estate company to come up with plots and apartments in the area. With the coming up of the big realty players the urban complex would become the most sought-after area in the tricity in the months to come and the Supreme Court judgement on the vacation of stay on construction in the area is an icing on the cake.” Experts feel that the new complex would go a long way in de-congesting Panchkula, which is currently bursting at the seams as major Haryana Government offices have been shifted to this district headquarters.

Plus points

The strategic location on the Zirakpur-Shimla highway, and the sylvan environs have been the major USP of the area for big realtors. The main plus points of the area are its proximity to Panchkula and good road connectivity because of which more and more prospective buyers are now scouting the periphery areas for buying a house.

“It is being seen as one of the major residential markets in the area with Baddi — a hub of over 3,000 industries — just half an hour’s drive away,” says Archana Sanghi, of the Parvati-Durga Global Women’s Society Panchkula.

This coupled with the completion of the four-laning project of Zirakpur-Parawanoo highway and Pinjore bypass would ease traffic flow on the NH-22. As currently the area is not densely-populated, the low-rise group housing accommodation will attract the middle and lower middle class hoping to have a home in the region.

The current price range for plots in the area is between Rs 32,000 and 40,000 per sq yd, while for apartments and independent floors it is between Rs 3,500 and Rs 5,000 per sq ft. “With property prices being much less than those in Chandigarh and Panchkula and with good connectivity and planned development on the cards, investment here seems to be a good proposition”, says Sanjay Sharma, an IT professional working in IT Park, Chandigarh.
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Old January 12 2013, 02:15 PM   #50
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Default Urban estate pinjore -Khalkha complex

Both DLF and Ireo are having good projects and the returns will be enormous for all those invested in.
 
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