Starting this section on Tricity (Chandigarh, Panchkula & Mohali) News and will keep on updating with latest news related to Real Estate in this region.

Chandigarh is a Union Territory and capital of two states - Punjab and Haryana. Administratively it falls under Central Government with the Governor of Punjab as the administrator. Chandigarh has two satellite cities – Panchkula and Mohali. The three cities are collectively referred to as Chandigarh tricity.
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  • Sharp bend warning signs put upon flyover

    The Tribune, Chandigarh, India - Chandigarh Stories

    Zirakpur, March 9
    Following the news report in this column on March 5, titled ‘Curve becoming accident hotspot’, GMR, the firm undertaking maintenance of the Ambala-Chandigarh highway, has installed warning signage on streetlights to alert motorists about the sharp bend on the Zirakpur flyover.

    The news report had mentioned that a sharp bend on the flyover was fast becoming an accident prone zone, with almost four mishaps reported in the past two months.

    Commuters were find it difficult to judge the sharp turn and were demanding signboards for safety purposes.

    An official of the company stated the warning signage was installed on the flyover to indicate the sharp turn.
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  • Relief for commuters on Zirakpur-Kalka stretch

    Relief for commuters on Zirakpur-Kalka stretch - Times Of India

    Relief for commuters on Zirakpur-Kalka stretch
    Rajinder Nagarkoti,TNN,Feb 21, 2011, 04.53am IST
    PANCHKULA: After over one month, movement of vehicles from both sides on the railway crossing in Zirakpur is likely to get back on track soon. National Highway Authority of India (NHAI) had blocked traffic as they were putting heavy pillars for construction of a railway overbridge (ROB) on the crossing under the Parwanoo-Zirakpur four-laning project. The work started on January 14 and motorists were forced to cover an extra 10 km due to the blockade. NHAI officials said construction was almost over and only work on service road was left.

    NHAI project director Anil Dahiya said they would regularize the traffic movement in the next couple of days as work on the service lane was due to be over soon.

    Officials added that the though work on ROB would be totally over in April end, the stretch would be thrown open to traffic soon. NHAI officials said the length of ROB was increased by 108 metre.

    Due to the construction, vehicles from Zirakpur to Kalka were diverted through Chandigarh. From Zirakpur, motorists had to drive towards Sector 29-Industrial Area roundabout and then proceed towards Transport lightpoint and Housing Board lightpoint, and finally to Kalka. With this diversion, people were driving an extra 10 km. But there was no change for traffic from Panchkula to Zirakpur. Traffic was diverted through Dhakoli, officials of Zirakpur traffic police said.

    The highway authority has set December 2011 as the new deadline for completion of the entire Zirakpur-Parwanoo four-laning project. Initially, NHAI set a target of December 2010 for completion of work from Zirakpur to Pinjore stretch.
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  • good initiative chdguy. keep it up.
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  • Periphery riding high on Chandigarh’s star rating

    The periphery of the tricity is riding high on Chandigarh’s top ranking as one of the best cities to live in, in the country. Zirakpur, Mullanpur, Peer Mushalla and the stretch from Mohali towards Kharar and Landran are all cashing in on this appeal and drawing in buyers who want to live near the union territory.

    Zirakpur, where a large number of housing societies have mushroomed over the last few years, is coming up as one of the most densely-populated areas in the periphery. Real estate agents reveal that prices have gone up by 40 per cent since January 2010. The rise, they say, is driven by the escalation in Chandigarh, Panchkula and Mohali. “For people who want to move into their own flat soon, Zirakpur is emerging as the first choice,” reveals Zirakpur property consultant Dinesh Chander Aggarwal. On the other hand, from an investment point of view, Mullanpur is emerging as the favoured destination in the periphery, since development here is more planned.

    Most real estate agents and builders agree that with its fast, unplanned developed, Zirakpur faces infrastructural problems. “With a budget of Rs. 30-50 lakh, those who want to own their own house fast know that Zirakpur is a good option for them,” states Vinod Jain, a property consultant based
    here.

    On account of the haphazard urbanisation in these belts, property consultants say resale value at Zirakpur is not very encouraging. Says Salil Taneja, a real estate investor based at Mani Majra, “Development at Mullanpur is more planned, and big names in the real estate sector have pushed up its appeal. In about three years, Mullanpur is likely to appreciate much.”

    Consultants agree, though, that the growth curve of Mullanpur may face some impediments if the Congress forms the next government in Punjab.

    Peer Mushalla has benefited greatly from its proximity to Panchkula’s Sector 20. While three-bedroom flats in Sector 20 are now priced at Rs. 80-85 lakh, those in Peer Mushalla are available in the range of Rs. 50 lakh.

    I have edited out some parts, read the full news article below.

    Source:Periphery riding high on Chandigarh’s star rating
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  • City's property costlier than metros

    City's property costlier than metros - The Times of India

    CHANDIGARH: UT Housing Board's upcoming two-bedroom self-financed housing scheme flats are fetching bids as high as Rs 89 lakh to Rs 1 crore. The real-estate prices in the city seem to have beaten the rates in the metropolitan cities such as Mumbai, Ahmedabad, Delhi, Gurgaon, Bangalore and Pune where a similar segment flat can be purchased for Rs 71 lakh to Rs 30 lakh.

    Claiming that UT has envious and aesthetic hilly surroundings to entice both investors and buyers to invest here, a real estate expert, Dev Singh Negi said, ''Whenever the current property rates go up, the existing properties are bound to become more costly. Moreover, being the capitol state of Punjab, affluent NRIs put their surplus money into the realty sector.''

    According to a representative from Ashwa Platinum real estate agency, Mumbai, Deepak Kumar, ''Though the rates vary across this metropolitan city, one can still get a two-bedroom flat between Rs 37-82 lakh in Thane West and Ghorbander Road areas. But a furnished flat can only be from Rs 71 lakh to Rs 1 crore in the high-end Mulund area.''

    Similarly, in Ahmedabad, two-bedroom flats cost between Rs 35-45 lakh depending on the areas. ''We have been selling the semi-furnished two-bedroom flats between Rs 35-45 lakh in Gurukul and Judges' Bungalows area. The prices are a little higher in more attractive sites in Jagatpura. A commercial site is available at Rs 5,500 per square feet here,'' said a Parveen Kumar from City Estate Management. Even the current property rates in the most-happening city of Gurgaon near Delhi are found to be very competitive as compared to Chandigarh. According to a real estate agent from Gurgaon, ''A two-bedroom flat with all the basic amenities in Sector 92 would fetch Rs 30-35 lakh. Those near the boundaries can be bought for Rs 55 lakh.''

    Compared to these, the flats in Mohali and Zirakpur are quite affordable. According to general manager of Punjab and International Sales ' Emaar MGF Land Limited, Rajiv Gupta, ''Chandigarh has a great investment potential. The prices in Tricity are bound to take an upward turn in the near future. However, our two-bedroom flats can be bought between Rs 40-45 lakh in Sector 105 on the Landran road.''

    A senior representative of Zirakpur-based Maya Garden, Anuradha Kashyap, does not think that Chandigarh Housing Board's higher bids for their upcoming two-bedroom flats scheme would have an impact on the flats prices in Zirakpur.

    ''We are still offering our semi-furnished flats for Rs 30 lakh. With eight and six laned roads to be constructed shortly, Zirakpur would soon be a state-of-the-art residential and commercial hub,'' said Kashyap.

    Buyers are not ready to go for the latest trend of high bids for a housing board flat in Chandigarh, said a young professional, Raman Jaiswal.
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  • Overbridge to Panchkula

    Overbridge to Panchkula - The Times of India

    CHANDIGARH: To reduce traffic congestion on Madhya Marg due to vehicles coming from Panchkula, UT administration has decided to construct an overbridge near the railway station in collaboration with Indian Railways.

    The bridge would connect the road coming from cremation ground and intersection of Panchkula's sectors 7 and 8 through Mauli Jagran. The route would not only bring down congestion at the Housing Board Chowk, but would also be a shortcut for the adjoining areas of Panchkula.

    ''The matter has been taken up with Railways and work on it is likely to start after studying the feasibility,'' said finance secretary VK Singh.

    The need for another overbridge connecting Manimajra and Modern Housing Complex has been taken up with the Railways and it has agreed in principle to take up the project jointly with UT.

    Although a new link between Chandigarh and Panchkula has been completed recently between NH-21 and Industrial Area, Panchkula, but it has not as yet given the expected relief to commuters due to the existing railway level crossing (near Mauli Jagran). UT is hopeful that an approval letter for construction of an under bridge would be received next week so that work could start on it at the earliest.

    The Chandigarh-Kalka road caters to through traffic from Chandigarh to Himachal Pradesh and to Panchkula and remains choked most of the time and such alternate route is essential. It was therefore proposed that feasibility of constructing ROB near railway station for connecting Chandigarh to Sector 17/18 Panchkula via Railway Colony in Mauli Jagran.

    Chandigarh Housing Board (CHB) is constructing 1696 single-room tenements near this crossing opposite Raipur Kalan towards Makhanmajra and as such the traffic is likely to increase in this pocket

    There is also a proposal to construct freight yard in the city and the approaches to the railway crossing would be widened and improved. The administration has planned warehousing complex across railway crossing on Raipur Kalan side.
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  • Hallomajra - Panchkula connectivity

    Hallomajra-Panchkula link road underbridge gets Railway nod

    The Railways have given approval to the construction of the rail underbridge (RUB) on the road linking Hallomajra to Industrial Area in Panchkula. While the construction of the road had been completed, due to the presence of the level railway crossing the route was not serving its purpose.

    The RUB proposed to be constructed would have two channels. These would include one for the non-motorised slow moving traffic and the another one for the other vehicles. The channel for the non-motorised vehicles would have an incline that is less steep so that these vehicles do not find it difficult to ply on the channel.

    The cost of construction of the RUB would be around Rs 15 crore. Work would be started in this financial year. UT Finance Secretary V K Singh says that the aim would be to complete the project within a period of one year. “While the Administration would be giving the funds, a substantial part of the construction would be undertaken by the Railways. The design of the RUB would be unique as provision is being made for slow moving traffic.”

    “The low incline in the channel for the slow moving vehicles would ensure that the effort required to ply would be less,” he said. With the construction of the RUB, commuters to and from Panchkula would get an alternate route. Due to the increasing vehicular traffic there is a need for having alternate routes from Chandigarh to Panchkula. The two existing routes are often choked with traffic.

    The Administration is also working on proposals to have railway overbridges and railway underbridges at the other crossings as well. The Finance Secretary said that on the agenda was a crossing for RUB or ROB for the railway crossing in Manimajra. The proposal is in its initial stages.
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  • Pinjore-Baddi-Nalagarh stretch to be widened

    Pinjore-Baddi-Nalagarh stretch to be widened - The Times of India

    PANCHKULA: Thousands of motorists who commute daily on the Pinjore-Baddi-Nalagarh stretch of National Highway 21A can heave a sigh of relief as the Himachal Pradesh government has decided to widen the existing two-lane road. The national highway wing of the state public works department will start work on this much needed road-widening project from next month.

    A department official said that the project cost of road widening and improving its condition is around Rs 35 crore, while adding that work will start in a phased manner. He informed that the width of the road will be increased by 7 metres.

    Another official said that they have already invited expression of interest from interested firms and the entire project will be completed in three years.

    Local residents and Baddi industrialists have been reminding authorities in Himachal Pradesh and Haryana about the work needed on the road for a long time. And Baddi being an industrial township has also not helped.

    Industrialists have held protests on a number of occasions and had even filed petition in the Punjab and Haryana High Court.

    Industrialists say that due to the bad condition of the road, motorists get stuck in jams and there are bottlenecks on the road, especially on the point where NH21A meets Kalka-Shimla highway, NH-22. Not just traffic jams but the bad condition of roads also increases the transportation cost of companies, a number of which operate from the area.

    Regarding the 36-km Pinjore-Baddi-Nalagarh stretch, locals say that many accidents take place on this road. There have been instances of drivers losing control over

    their vehicles due to potholes on the road, resulting in accidents. In the rainy season, the situation becomes worse, as it becomes very difficult to drive on this road.

    The widening of the road will be a major relief for motorists as another project of the Pinjore bypass to decongest traffic on Pinjore-Baddi road is still hanging fire over the matter of transfer of 250 acres of land for the construction of Pinjore bypass between Haryana Urban Development Authority ( HUDA) and National Highways Authority of India (NHAI). This bypass will connect from a place near Surajpur bridge on Panchkula-Shimla Highway and join Pinjore-Baddi road opposite Pinjore aviation club.

    Baddi industrialist Rakesh Dhiman said, 'Baddi is a major hub of the country. Many representatives of various multinational companies visit the area every day, but the bumpy drive on the road leaves a bad impression.'

    Transportation cost of companies also increases due to potholes on the road, which are affecting the smooth flow of traffic, he further added.
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  • Tier-II cities: UT among top three exporters

    CHANDIGARH: Starting from the initial exports of Rs 30 to 40 crore in 1998, information technology (IT) and information technology-enabled services (ITeS) providing companies of Chandigarh have touched the figure of Rs 956 crore by the end of financial year 2009-2010. This has brought the city among the top three exporters of the tier-2 cities in India along with Thiruvananthapuram and Bhubaneswar. This has been revealed in a recent survey conducted by the Confederation of Indian Industry (CII-Chandigarh) and PricewaterhouseCoopers (PwC).

    According to one of the senior survey team members, Abhishek Puri, ''In Tricity, Chandigarh has been the biggest contributor to exports (approximately 65%), followed by Mohali (about 30%) and Panchkula (about 5%). There are some successful product companies that have set up their facilities in fields like helpdesk and virtual environment .''

    He added: ''Due to the entrepreneurial nature of its workplace, the local industry contributes to nearly 50 % of the total revenue.'

    The study found that the city got an initial boost for IT investments when the government set up Rajiv Gandhi Chandigarh Technology Park (RGCTP). ''Infosys was one of the early occupants which has put the city on the IT map of India,'' he added.

    ''Chandigarh being the country's first planned city always had a good civic infrastructure and power situation. The city also boasts of a good quality life and fine connectivity to Delhi due to Shatabdi trains and has attracted many companies to consider it as an alternative location in north India,'' the study report stated.

    Puri said, ''Tricity is also gradually making a mark in some of the areas like search engine optimisation (SEO). Recently, tricity had managed to attract the biggest investment in animation for north India. Though tricity is spread across two states and a union territory, service providers seldom get entangled in administrative hassles.''
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  • Realty developers using dealers to jack up prices

    Realty developers using dealers to jack up prices
    Ruchika M Khanna/TNS

    Chandigarh, March 26
    Most real estate developers in the region are now launching their projects through dealers appointed by them. Even before the project is formally launched by the company, most of these dealers, manage to ‘sell’ the project, by hype and word-of mouth promotion. This ensures that the cost of each plot/ apartment/ house is also increased substantially, thereby creating an artificial boom in the market.

    Sources say that that this practice ensures that by the time the real estate developer formally launches the project, prices rise 20-30 per cent. Since most often, it is the dealers themselves who have picked up the property in the ‘pre-launch’ phase, they end up making a neat profit. On each unit (plot/ apartment/ house) sold, the dealers also get a commission (varying between 1.5- 2 per cent) from the real estate developer. Since the dealer is doing the whole ‘pep-talk’ with the buyer, the real estate developer simply pockets the profit and wash their hands off the dealers.

    By creating this demand, dealers also lure customers by offering assured allotment and seek complete down-payment of the unit being bought. The developer thus makes profit within days. Almost all companies who have launched their projects in Mohali, Ludhiana, Amritsar and Panchkula have taken this ‘dealer’ route to ensure complete success of their project.

    A similar scheme has come up on the fringes of the northern sectors in Chandigarh. Though this project, by the leading real estate developer in the country, is yet to be launched, it has already helped generate hundreds of crores - all accounted for-from investors wanting to get a plot here. Investors are being lured by dealers on promises of assured allotment, in case they make a down payment ( Rs 94 lakh to Rs 1.25 crore for 350 sq yard and 500 sq yard plots) within 45 days. This, when nobody knows the criteria for allotment.

    “There is urgent need to have some kind of regulation on the way these builders are creating an artificial boom. Property rates are hiked by these dealers and the customer fails to get a decent accommodation as the rates are beyond their reach,” said a Chandigarh-based real estate agent.


    The Tribune, Chandigarh, India - Business
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  • MOHALI: Cricket legend Sachin Tendulkar and Punjab Cricket Association (PCA) stadium in Mohali are going to have something in common. The ongoing World Cup would be the last for both. The stadium, known to be among the best in the country, perhaps hosted its last match on Wednesday. By the time the next World Cup comes to India, PCA would be ready with its spanking new 40,000-capacity stadium at Mullanpur, 3km from Chandigarh, for which 41.95 acre of land has already been acquired. The stadium in Mohali can accommodate 28,000 spectators.

    The brand new stadium is scheduled to be completed within two-and-a-half years having state-of-the-art facility. The stadium is considered one of the best in the country. But residents of Mohali, especially those residing around the stadium, demand its shifting because of the traffic chaos during the matches.

    When the stadium was built in 1993 at a cost of Rs 25 crore, parking was not an issue. However, with the rapid development of city and rise in the number of vehicles, it became difficult for the police officials to provide proper parking lot for the 28,000 spectators.

    After finding that construction of another stadium outside Mohali city is the only solution to solve the problem, PCA authorities decided to come up with new facility at Mullanpur.

    PCA authorities have already declared that while international matches would be held in the new proposed stadium, the Mohali stadium would be used for training players and women's cricket matches.

    PCA officials have already informed that the new stadium would have two grounds for matches and practice and it will also have a state-of-the- art cricket academy to attract trainees from associate and affiliated members of the ICC under the programme of globlization of cricket.

    Indo-Pak tie Mohali stadium's swansong - The Times of India
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  • Jairam Ramesh assures CM for early clearance of projects under NRCD


    Punjab Newsline Network
    Wednesday, 06 April 2011

    CHANDIGARH: As a part of comprehensive plan for cleaning of the Punjab Rivers, the Union Minister of State for Environment & Forests Jairam Ramesh Wednesday assured the Punjab Chief Minister Parkash Singh Badal that the pending Detailed Project Report (DPR) of Jalandhar town under phase-II of National River Conservation Plan on river Satluj at a cost of Rs.237.16 crore would be cleared positively by 15th May, 2011.

    Jairam Ramesh gave an assurance to this effect in a meeting with Punjab Chief Minister Parkash Singh Badal, who called on him along with Deputy Chief Minister Sukhbir Singh Badal here at his office this afternoon. Ramesh also asked the Director NRCD Brajesh Sikka to allow the state to carry out the works in the 22 towns subject to the condition of submission of final DPRs according to the revised guidelines issued by the Ministry of Environment & Forests GoI.

    It may be recalled that the DPRs pending with NRCD for approval included; five towns Zira, Makhu, Talwandi Bhai, Dharmkot & Ferozepur) of River Sutlej costing Rs. 117.67 crore; five towns (Begowal, Sham Churasi, Dhilwan, Rayya & Kapurthala) of River Beas costing Rs. 70.33 crore and twelve towns (Rajpura, Patran, Khanauri, Lehragaga, Moonak, Sirhind-Fatehgarh Sahib, Nabha, Banur, Sanaur, Bassi Pathana, Mandi Gobindgarh and Dera Bassi) of River Ghaggar costing Rs. 296.96 crore.


    On the request of the Chief Minister, Ramesh also assured him that he would soon convene a special meeting to clear the state government’s proposal for diversion of 9.306 hectare of forest land for construction of a 200 ft. wide Toll free road from Mullanpur upto T- Junction of Kurali- Siswan road in SAS Nagar Mohali at the earliest.

    Ramesh also agreed to the proposal put forth by the Chief Minister to develop Deer Safari and expand Mini Zoo Bir Talab Bathinda. He assured the Chief Minister that he would soon take up the matter with Central Zoo Authority for the approval of master plan submitted by the Chief Wildlife Warden Punjab in this regard and directed the Inspector General Wildlife AK Srivastava to expedite the matter.

    The Chief Minister expressed gratitude to Jairam Ramesh for showing keen interest in approving the sewerage schemes on the priority for abatement of pollution in the rivers of Punjab for ten towns.

    Prominent amongst others who were present in the meeting included Deputy Chief Minister Sukhbir Singh Badal, Principal Secretary to Chief Minister DS Guru, Principal Secretary Forests DS Bains, Additional Principal Secretary to Chief Minister Gaggandip Singh Brar. Nalini Bhatt, Advisor Ministry of Environment & Forests also attended the meeting.
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  • Allotment fraud to fore

    Arun Sharma
    Tribune News Service

    Panchkula, January 9
    In a case of blatant violation of allotment rules, at least 26 flats meant for the economically weaker sections (EWS) under the Jawaharlal Nehru Urban Renewal Mission (JNURM) here have been allotted to ineligible candidates. The flats in question have been allotted to spouses of officials working in different government departments who did not qualify for these under the existing allotment rules.
    Under the HUDA rules, those families with a monthly family income not exceeding Rs 5,000 were qualified to apply for the houses. Faced with complaints from different quarters, HUDA has launched a drive for the verification of the antecedents of all allottees.
    HUDA had constructed 2,072 Ashiana apartments in Industrial Area, Phase I, Sector 20, and 26, to rehabilitate the slum dwellers, who had been encroaching on the administration land for the past several decades. The areas specified for this category of encroachers who were resettled included Rajiv Colony, Indira Colony and Azad Bharat Colony.
    As many as 1,500 flats were allotted to the beneficiaries last week, out of which 26 defaulters have been identified. The administration has asked the officials for a careful perusal of documents for future allotment.
    Chinks in the allotment process were revealed when allottees were asked to fill in affidavits about their personal and family jobs and salary details. Out of the 26 allottees, nine are from the office of HUDA itself. The remaining 17 allottees are employed in Haryana Government Press, Haryana Police Telecom Department, HVPNL and other state government departments.
    These employees have violated rules and regulations even as they might have been claiming house rent, said an official in the HUDA office, the executing agency for the JNURM scheme in Panchkula. Meanwhile, Estate Officer of HUDA Ashwani Kumar confirmed this and said the allotment letters to these allottees had been withheld. “HUDA will write to their respective departments and seek disciplinary action against them for encroaching upon government land,” he said.
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