I have invested in 200 sqd plot in pearl city sector 100 greater mohali. Is this the right investment and what are the future prospects in the coming 3-4 years. The purchase price is 23K per sqd.
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  • hi pawang while ur investment is not bad, i assume that u have booked in original booking. this area has all the big builders coming up with their townships but none of them is inhabited as of now. there has not been much appreciation in this general area due to it being very far off from chandigarh as comparded to other upcoming areas and there being lot of oversupply . the advantage of investing here is that it is a very well planned area that is coming up. as far as ur investment is concerned it might take a longer time to appreciate as there are already cheaper options available in resale in almost all townships including ansal, tdi, emaar. u can check at magicbricks for a rough idea in that area.
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  • can on these rate its good
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  • pearl city sector 100 plots

    can anybody pls explain the investments perspective in pearl city sector 100
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  • Guys seems like this is the same company in the below news.. BEWARE!!!

    Article Window

    COLLECTIVE INVESTMENT SCHEME MASQUERADING AS REALTOR?
    A Realty Co that may Turn into a Landmine
    Delhi-based PACL holds customer deposits worth
    20,000 crore & land bank the size of Bangalore
    SRUTHIJITH KK NEW DELHI


    On a recent Saturday afternoon, the A6 DDA market in West Delhi’s Paschim Vihar looked desolate. Rows of shops remained shut and a few people milled about unhurriedly as the summer heat soared. On the third floor of the complex, up a dark flight of stairs with betel-juice-stained walls, the office of an obscure real estate company called PACL India Ltd was an oasis of activity. Hundreds of people had gathered there, giving it the appearance of a busy bank branch on payday. Transactions abounded across counters, people chatted animatedly in small groups, and streamed in and out amid long, snaking queues.
    From this office and 279 more across India, PACL runs an operation that the Securities and Exchange Board of India (Sebi) deems illegal because it considers it a collective investment scheme in the garb of a real estate company. But the final word has not yet been said about what kind of an animal PACL actually is. That dispute will be settled by the Supreme Court, where the case has lain for eight long years.
    ET spent six weeks interviewing about two dozen people to piece together the picture of a company that looks suspiciously like a pyramid scheme and whose downfall could wipe out the savings of millions of people. While the dispute waits to be resolved by the Supreme Court, PACL has grown a 100-fold, aided by customers who have given money to the company ostensibly to book a plot of land they can’t see or choose. Deposits with PACL—the company calls them ‘customer advances’—have ballooned to 20,000 crore. It has used the money to buy land in various parts of the country, including barren desert land. Its land bank, PACL said in a filing with the Registrar of Companies, is 1.85 lakh acres, roughly the size of Bangalore (In comparison, large realty firms such as DLF or Unitech typically own 12,000-15,000 acres).
    More than the prospect of owning land, customers are more likely lured by the ‘expected value of land’ the company indicates for investment terms ranging from 5 to 10 years. This works out to more than a 12.5% annual return on investment.
    PACL’s deposits are brought in by a network of about 8 lakh agents, who are organised in the manner of a classic pyramid scheme, or “chain system”, and stake their credibility for the company in return for attractive commissions on deposits brought in by them and other agents linked to them
    in the chain.
    If the Supreme Court decides in favour of Sebi and says PACL indeed operates a collective investment scheme that must be strictly regulated, several million small investors risk losing the savings they have invested in the hope of an attractive return. Those at the bottom of the pyramid will be the worst affected.
    PACL is perhaps only the largest among a number of such schemes mushrooming across the country. Their growth is fuelled by the universal lure of getrich-quick schemes, protected by lackadaisical enforcement and, in some cases, ambiguous rules. Arrests have occurred on consumer complaints in a few cases. The ministry of corporate affairs has launched an awareness campaign through major newspapers across the country, warning investors against collective investment schemes. Looks, Walks & Talks Like Pyramid Plan Advertising campaign by government was prompted by a number of complaints against online schemes and other collective investment schemes. Gwalior collector Akash Tripathi had received more than 10,000 complaints against 16 companies running collective investment schemes, including PACL
    MCA secretary DK Mittal said the government’s advertising campaign was prompted by a number of complaints against online schemes and other collective investment schemes. They have not received complaints against PACL, he said. Elsewhere, there have been complaints. Gwalior collector Akash Tripathi said he has received more than 10,000 complaints against 16 companies running collective investment schemes, including PACL. His administration last month moved to freeze the bank accounts of PACL and similar companies, and started sealing the properties owned by them. “This is a big menace. These companies are saying they are collecting deposits for land or cattle or what not, but they are essentially a finance operation,” Tripathi said.
    PACL may look like a pyramid scheme, walk like a pyramid scheme and talk like a pyramid scheme, but it is not called a pyramid scheme.
    “We are a real estate company. We are in the sales purchase business of land. Customers pay us to buy land,” said PACL director S Bhattacharya. “Customers pay for the land in instalments and at the end of their term, they can decide to either get a randomly allotted plot, or we will help them sell that plot and get whatever is the value of the land at that time.” Irrespective of where the plot is—suburban Mumbai or rural Madhya Pradesh—the company treats them alike, and assigns identical expected returns. A brochure of the company distributed by its agents says PACL has more than 10 crore ‘plot owners’. Bhattacharya said the company has no more than 50 lakh customers. Even that estimate means one in every 170 Indians over 15 years of age is a PACL customer.
    PACL is unique in that not only are its plots randomly allotted, but when money is paid, the company issues a certificate with the amount the customer is expected to get at the end of the plan term. If a customer puts down Rs 50,000 for a 500 square yard plot, he or she can expect to get back Rs 1,01,365 in six years, or Rs 1.85 lakh in 10 years. Bhattacharya said about 80% of customers opt to take the money at the end of the plan term instead of the plot of land they supposedly paid for. From a customer’s point of view, he or she can entirely ignore the plot of land that is supposed to back their investment, walk into a PACL branch, deposit money and expect to get a very attractive return at the end of the plan term. It is not hard to see how this plan quickly gets morphed into a “double your money in six years” scheme.
    That is exactly what happens. Through the army of agents who get up to a 15% commission on investments they help bring in, PACL’s schemes have acquired a cult-like following in many parts of the country, particularly in small towns and rural India. Anyone who joins a PACL scheme can become an agent. It is these agents, a network of exponentially growing microentrepreneurs, who give word-ofmouth publicity for PACL, staking their credibility among friends, relatives and community for the company. From Paschim Vihar to Madurai to Navi Mumbai, their elevator pitch remains the same.
    “PACL is a public limited company”. “It is a company under the Ministry of Corporate Affairs”. “It’s a company operating since 1983 and has never missed a payment”. A number of agents across the country repeated these claims, indicating systematic training.
    Any company with more than 50 shareholders is deemed a public limited company, even though PACL agents use this term to insinuate some kind of government backing or the sanction of law. Same is the case with the MCA claim, as all companies have to register with the ministry’s Registrar of Companies. The claim of a 28-year record is a more complex truth, as the company was registered only in 1996. It is perhaps a reference to a related company—PGF Ltd—that was indeed founded in 1983 and was asked to wind up and pay back investors in 2002.
    Bhattacharya said the agents may make many promises or talk up the company to maximise commissions but the company cannot be blamed for it. But at the Paschim Vihar office, where this correspondent spent the better part of two days, plenty of agents were peddling the “double your money” line quite openly, using brochures and pamphlets that had complex charts showing return on investments and agent commissions across levels. Little effort seemed underway by the company to regulate these pitches. The agents perpetuate the PACL cult, and the company benefits from it the most.
    Thirty-one-yearold Anil Verma, who contracted polio as an infant and walks with the aid of crutches, is one such agent. Verma said working as an independent agent for PACL has given him hope and a steady income. Unable to pass the Class X exam, he dabbled in many jobs, including as a plumber. But Verma said it was not until he became a PACL agent that he started dreaming of a better future. The PACL network of agents around him was a testimony to that. Verma knows one agent who used to be a vegetable vendor at the Azadpur wholesale vegetable market in North Delhi. “Now he is big. He bought his own house, he has a car... you know, steady income every month,” Verma said. Two levels above Verma in the pyramid is a man who clears Rs 10 lakh in commissions every month. “He has shown everyone the cheques.” Under an incentive scheme, PACL gifts motorcycles and cars to agents who recruit the most investors.
    --- read the complete article in the link..
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  • pearl city sector 100 greater mohali

    hello Mr manu813
    Thanks for responding to this thread. I just want to say that every big real estate firm is involved in accepting deposits from public and subsequently increasing their land inventory and all the deposits accepted by the subsidiaries of the real estate firms are suitably covered by their land bank. Same is the case with pearl and therefore there is nothing to worry.pearl is very trusted name in real estate business.
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  • Chalo it's good if you are not worried about it and convinced.. Shared it so that one should be aware of it's investments..

    Originally Posted by pawang42
    hello Mr manu813
    Thanks for responding to this thread. I just want to say that every big real estate firm is involved in accepting deposits from public and subsequently increasing their land inventory and all the deposits accepted by the subsidiaries of the real estate firms are suitably covered by their land bank. Same is the case with pearl and therefore there is nothing to worry.pearl is very trusted name in real estate business.
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  • manu, thanks for highlighting this . One friend is actively considering investing with this Builder . I have passed yr. post/link to him .


    Originally Posted by manu813
    Guys seems like this is the same company in the below news.. BEWARE!!!

    Article Window

    COLLECTIVE INVESTMENT SCHEME MASQUERADING AS REALTOR?
    ................
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  • Are there any 150 sq yards plots available now?
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  • Hello Pawan, I am planning to buy a plot in sector 100. I have send you a PM. Can you please reply?
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  • Clarification from PACL India Limited

    http://.com/wp-content/upload/2011/07/Pacl-Group-Projects.png

    There official website also showing the clarification - http://www.paclindia.in/clarify.php

    God knows whats the truth here !!!!

    cheers

    sgverma
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  • Originally Posted by gauravkapila
    Hello Pawan, I am planning to buy a plot in sector 100. I have send you a PM. Can you please reply?


    I can arrange plot in sec 100 at nominal premium
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  • I can arrange plot in sec 100 at nominal premium
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  • hi vinay ji...at what price can you get me a plot 150 sqyds , 200 sqyds in sec 100

    any idea
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