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IREF® - Indian Real Estate Forum > Real Estate in India > More Cities/States > Real Estate Punjab > is dera bassi good for investment propose or residential
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Old July 20 2012, 09:58 AM   #1
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Default is dera bassi good for investment propose or residential

i think its better than zirakpur

 
Old July 21 2012, 05:14 PM   #2
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Default Some parts of Derabassi is better than Zirakpur

I think some parts of Derabassi is better than Zirakpur, Zirakpur will be too congested in near future. ATS is a good option, if you can afford to buy a 3 BHK in Zirakpur VIP road then u should look at ATS Perlude or lifestyle. Depending upon when you want to occupy, the commute time from Derabassi to Chandigarh barrier is less than from parts of Zirakpur due to the fly-over.
 
Old July 23 2012, 10:22 PM   #3
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Originally Posted by niceindy View Post
I think some parts of Derabassi is better than Zirakpur, Zirakpur will be too congested in near future. ATS is a good option, if you can afford to buy a 3 BHK in Zirakpur VIP road then u should look at ATS Perlude or lifestyle. Depending upon when you want to occupy, the commute time from Derabassi to Chandigarh barrier is less than from parts of Zirakpur due to the fly-over.
Leaf stone valley is also a good option. within 300m to ATS project, quality same as compared to ats, 80% open space, bsp 2350psf whereas in ats lifestyle 2800-psf
 
Old July 24 2012, 12:18 AM   #4
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Leaf stone and ATS quality is same? Has MD Builders & Developer's delivered a project before which is comparable with any of the projects delivered by ATS in Noida, indirapuram or Chandigarh? How many units per acre in leafstone & ATS.

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Originally Posted by yash251 View Post
Leaf stone valley is also a good option. within 300m to ATS project, quality same as compared to ats, 80% open space, bsp 2350psf whereas in ats lifestyle 2800-psf
 
Old July 24 2012, 08:09 PM   #5
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not at all....we just cant say anything about leaf stone... .. i would say....ATS is a world class project...lets see what they will do...but honestly i dont think they can match ATS....as i hv seen local builders of zirakpur...and their projects....not at all compare able with ATS....
 
Old July 26 2012, 12:09 AM   #6
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I have not seen anything comparable with ATS and they have delivered quality in Noida, ATS is a brand name in Noida. I would suggest stick with it, properly you should meet the sales executive of ATS and bargain for better pricing. The flats which are not east / park facing they might be able to negotiate a better price.
 
Old December 23 2012, 08:58 AM   #7
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Hi Friends,
I am researching this ATS Lifestyle project (flats) in Dera Bassi for
investment under subvention scheme, it is being
offered at 3000 psf. Although I am ok with this
price and subvention scheme but I am not getting
idea of potential expected price of flats after 3 years of this property. I request you all to please provide
your views on the expected rates of this project
(flats - not plots) after 3 years.
Also, does anyone have the idea of how much time
will they take to complete entire township? Regards,
Anuj
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Anuj Chauhan
 
Old December 23 2012, 12:13 PM   #8
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i believe that Derabassi is very good option as compare to many areas in Zirakpur connectivity is fantastic .. i am looking to invest there need view of GBP builders plots i am looking to invest there what is the view on this project i am getting 140 gj plot around 15800
 
Old February 2 2013, 11:15 PM   #9
 
 
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Default The stagnation plot

There are very few takers for plots in the Dera Bassi area, while the demand for flats has remained steady in the past 18 months




Proximity to Chandigarh and Panchkula and good connectivity were the key factors that gave a boost to the demand for residential property in Dera Bassi a few years back. Located around 20 km from Chandigarh, this small town in the Mohali district had seen the entry of several enterprising developers and colonisers who offered affordable residential units in the proximity of tricity. But the current slump in the property market in the region has severely hit real estate transactions in Dera Bassi as there are virtually no buyers in the market.

Dera Bassi, which is considered an extension of Zirakpur by realty players in the region, had been projected as the next bustling township on the Chandigarh-Delhi highway. A booming realty scene in 2006-2007 thus saw the launch of a number of residential projects here and even the lack of proper civic infrastructure did not deter the developers and investors. There was a virtual scramble for owning a piece of property in this promising destination. According to municipal council records, around 70 projects came up in the Zirakpur and Dera Bassi area between 2007 and 2011. There has been a change in fortunes over the past 18 months with only three new projects being launched. And five years down the line the picture is not that rosy as many of the projects have been delayed and those that have been completed are suffering due to the lack of proper civic amenities. Prices in most areas are stagnating and there are very few buyers in the primary as well as secondary market. According to market watchers, however, there has been a significant drop in demand for plots leading to fall in land prices, while there was a relative stability in the demand for apartments. As a result, the sale and prices of apartments has not seen a considerable drop over the past 12 months.

Apart from the general slowdown in the realty sector all over the country, the main factor that eroded the demand for plots in colonies at Dera Bassi, Lalru and Zirakpur is the strict stand taken by the Local Bodies Department, following High Court orders against unapproved colonies. According to sources there are more than 20 unapproved colonies in this area and a large number of investors and end users have bought plots in these. But following the court order the municipal councils of Dera Bassi, Zirakpur and Lalru have banned the approval of maps of colonies that are not approved. So there is virtually no sale and purchase of plots taking place here as the buyers and investors have become wary.

Bhupinder Saini, a local property dealer said that a 20 to 25 per cent fall had been noted in the prices of plots in this area. “The drastic drop in the sale of plots in this area will continue till a decision is taken by the authorities to clear the status of these unapproved colonies as most of the plots available right now are in such colonies,” says Balihar Singh Balli, a property consultant based in Dera Bassi. The current price of land is between Rs 12,000 and 20,000 per sq yd depending on the location in Dera Bassi, and from Rs 8000 to 15000 per sq yd in Lalru and between Rs 25,000 and 50,000 per sq yd in Zirakpur. According to the data available from revenue department no increase was noted in the revenue generated from the sale and purchase of property in the past one year. The Revenue department office in Dera Bassi had collected Rs 1,88,7461692 from April 1, 2011 to March 31, 2012 and Rs 1,27,3444811 from April 1, 2012 to December 31, 2012.

As approvals and legal sanctions are not major issues for most of the multi-storeyed apartment projects coming up here, the prices of flats have remained stable in the past year, even though the demand has seen a drop. But developers having projects here are upbeat about the response they are getting for their projects. Ritu Singhal, Managing Director of Raglan Infrastructure that has several projects in the area said, “We have constructed more than 2,000 flats at Dera Bassi and Zirakpur and over 1500 of these have been handed over to customers so the demand is there in the market”. She, however, admitted that the market was slow. "While builders are grappling with lack of funds in the market and lengthy approval process, the buyers have been cautious because of high rate of interest on home loans and these factors have surely had an impact on the prices of property here. But if the developers keep prices in the affordable range and provide quality construction then genuine buyers will keep coming." The ATS group is among the largest groups here and has a ... acre mini township planned here. The group sees huge potential for a mixed-use project here. "Though it is basically a market for affordable housing as most of the buyers are from the middle class working people having jobs in the tricity areas, we are also providing premium products like villas and luxury apartments for the high-end buyers", says a spokesperson of the ATS group. The group has already sold 275 apartments in the past one year in this township. Satish Jindal, Managing Director of Maya Garden, said,"No one can deny the potential of this area as it is excellently connected, is close to Chandigarh, Mohali and Panchkula besides being a gateway to Himachal and Punjab. So people looking for a home of their own in affordable range have a lot of options here and thus demand in affordable segment for genuine buyers will always be there. Investors may not be making huge profits here at present but things are going to improve soon". The group has constructed three housing projects in Zirakpur and sold over 1,000 flats during the past two years and is now going to construct 1,500 new flats in other residential projects and possession of these would be handed over in 2014. The current rates of flats in Dera Bassi is between Rs 2,000 and Rs 3,000 per sq ft while in Zirakpur the average price is in the range of Rs 2,500 to 3,200 per sq ft.




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Old February 3 2013, 04:30 PM   #10
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@Manoj: I am confused, is it worth investing in ATS?
 
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