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Good investment option in tricity

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Good investment option in tricity

Last updated: July 1 2013
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  • #11

    #11

    Re : Good investment option in tricity

    To GuptaSameer

    Hi GuptaSameer, I think this property is on the zirakpur side..
    As per my knowledge zirakpur is getting crowded day by day, and at least not a good option for living (comparatively) so unless you have some other strong reasons to go for it I would advise you to invest in greater mohali side
    My personal favorites are pearl city sectors , mullanpur and sector 123

    Dig more into it..

    Ricky

    Comment

    • #12

      #12

      Re : Good investment option in tricity

      Greater Mohali set to get its 5th residential urban estate

      Greater Mohali set to get its 5th residential urban estate - Indian Express



      GMADA identifies 1,050 acres in 8 villages for acquisition, to develop estate along 200 feet-wide Mohali-Kharar bypass


      Another residential urban estate will come up at Mohali. Spread over 930 acres across four Sectors (120, 121, 122 and 123), the fifth urban estate of Greater Mohali area will be developed along the already approved 200 feet-wide by-pass from Mohali to Kharar. To take up the project, the Greater Mohali Area Development Authority (GMADA) has identified 1,050 acres of land in eight villages — Daon, Mianpur, Hassanpur, Tarauli, Barmajra, Raipur, Jandpur and Jhungian — for acquisition and requested the state government to issue a notification under Section 4 of the Land Acquisition Act. While 930 acres will be used for the urban estate, 120 acres of land are required for the by-pass, which will decongest the busy Mohali-Kharar stretch of National Highway 21, which has assumed the distinction of “killer stretch

      Besides the urban estate, a Sub City Centre to cater to the commercial needs of Sectors 120-125 too will come up in the area already earmarked for the purpose in the approved Master Plan of Mohali. Also, a water treatment plant for treating 40 mega gallons daily (MGD) of canal water, being fetched from the Bhakra Main Line Canal in Kajauli to quench the thirst of Greater Mohali area, will be set up in Sector 120.


      To make the by-pass, Sub City Centre and water treatment plant projects self-sustained, GMADA has planned to develop a residential urban estate in their vicinity. Approving the ambitious project recently, GMADA worked out two alternatives to acquire the land identified for the purpose.


      Confirming the development, a senior GMADA official disclosed that in case all the farmers opted for cash compensation, which will tentatively be Rs 1.5 crore per acre, GMADA will need to pay a Rs 1,575 crore award whereas Rs 525 crore will be required to develop the area at the estimated rate of Rs 50 lakh per acre.


      Since GMADA has no funds to meet such a huge expenditure from its coffers, it will have to procure loan, the interest on which was worked out over Rs 500 crore, which will take the total project cost to almost Rs 2,600 crore.


      To decrease the cash compensation award, GMADA decided to attract more and more farmers towards the Land Pooling Scheme (LPS), which has been revised recently to offer 2 kanal (1000 square yards) residential and 4 marla (100 square yard) commercial sites to the farmers against acquisition of 1 acre land.

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      • #13

        #13

        Re : Good investment option in tricity

        good investment options in tricity

        hello Mr Rickyy
        You said that u like pearl sectors in Greater mohali Area. I have invested in 200 sq yd Pearl 100 sector. What are the future prospects with 2-3 yrs of time horizon.

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        • #14

          #14

          Re : Good investment option in tricity

          is the new cgewho mohali II site somewhere near new sunny enclave or old sunny enclave

          Comment

          • #15

            #15

            Re : Good investment option in tricity

            pawang42

            Hi pawang42,

            The pace of development of pearls sectors is very slow but it's there brand and quality on which you can count..if everything goes as per plan then you can expect 40% or more rise in price in next 3-4 years…

            Here is my math on ROI

            Mullanpur :- risky but max returns
            Pearls: safe, good return but wait period is long
            Sector 123: safe, good ROI w/ less waiting time

            Ricky

            Comment

            • #16

              #16

              Re : Good investment option in tricity

              Hi Itnikhil

              Hi Itnikhil,

              Yes, cgewho mohali II site is close to old sunny enclave. New sector 123 is more towards chd (39 west).

              pls open the below link for more on this.

              Wikimapia - Let's describe the whole world!


              Ricky

              Comment

              • #17

                #17

                Re : Good investment option in tricity

                Rickyy,

                I won't classify Mullanpur as risky bet rather an expensive bet. All those who say govt change will in some way scuttle Mullanpur are just too naive. Every politician has bought land there even our very own Amrinder Singh (after all it was his baby) , further more almost all babus have bought plots- just look at the paradise they are creating for themselves there.

                Only unfortunate thing is that the area has been priced too high for the wait. All those who get plots in the Urban estate would sure be corepaties in 5 years.

                Comment

                • #18

                  #18

                  Re : Good investment option in tricity

                  investment options in tricity

                  hello Mr Rickyy
                  Thanks for responding. I do have different opinion. GMADA is expected to launch their Mullanpur scheme around 18000/- per sq yd. My personal view is that after the draw these plots will trade at least 12-13000/- per sq yds premium thus the then prevailing rate per sq yds will be around 30-32000/-.Greater Mohali area is at least 5-7 years ahead of Mullanpur in terms of development. Moreover, GMADA has fixed RS 25000/- per sq yads rate for his schemes in Greater Mohali area. Tenders have also been floated for laying three link roads from Mohali to Greater Mohali areas which will make huge impact on pricing in these sectors of GMADA. The work is likely to be completed within a year or so. Don't u think all these developments makes investments in Greater Mohali very attractive. I expect prices in EMMAR MGF and PEARL to double within a time span of two years. If U think the above expectations are bubbles in the air please don't hesitate to elaborate.

                  Comment

                  • #19

                    #19

                    Re : Good investment option in tricity

                    hi gurdial

                    Hi gurdial,

                    Risk has different definitions..a politician who has 20 cr can invest 2 cr in mullanpur and can make double, and even if he doesnt make anything he doesnt have much to loose..but for a guy like me who has limited capital has everything to loose(in worst case scenario) so I was just talking from that point of view..
                    Now govt change in punjab can be a game changer, and frankly speaking it can go either side..what if congress govt decide to put more focus on mullanpur..in this scenario one can definitely become crorepati

                    Till this point everything is on paper for mullanpur..unless until we dont see clearance from all the ministries and clear word from gmada i think we shd be lil careful..
                    just to mention two points...havent seen much development from omaxe in mullnapur, and we all know how much aerocity plots have appreciated since draw..

                    So bottom line.. definitely try ur luck in gmada lottery but dlf and rest i will pass to politicians

                    Ricky

                    Comment

                    • #20

                      #20

                      Re : Good investment option in tricity

                      pawang42

                      Hi pawang42,

                      I have already responded about mullanpur..

                      Now regd. greater mohali area..i dont think anyone has doubt about the potential of the greater mohali area but the problem is only w/ the execution of gmada plans..i completely agree w/ u, if all infrastructure plans get executed then we can expect much more appreciation..

                      Wish gmada also focus on bringing industries to the area rather than just housing and shopping malls..its really frustrating to see 1 cr home in mohali cant fetch nice amt of rent per month ..

                      Ricky

                      Comment

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