Announcement

Collapse
No announcement yet.

Chandigarh Tricity Property Updates

Collapse
X
Collapse

Chandigarh Tricity Property Updates

Last updated: June 20 2012
12 | Posts
2930 | Views
  • Time
  • Show
Clear All
new posts

  • Chandigarh Tricity Property Updates

    Chandigarh and its suburbs are growing rapidily with so many projects launched daily, so much news flow and promotions that one left confused to shortlist the right investment or end user property, we'll try to have the updates with USP's and other details for community members to decide it yourself, the best options suited as per budgets and other priorities.

    Disclaimer: We can be wrong in our assessment but try to accurate at best.
    broker by profession
  • #2

    #2

    Re : Chandigarh Tricity Property Updates

    Omaxe is coming with a new Commercial tower giving 12% assured returns till possession and 1 year after possession with Post dated cheques given in advance.
    Expected launch date: First week of july 2012
    Details: New Commercial tower (G+24) of 400-1000 Sq feet office at 5950/sq feet with pre-launch early bird discount to customer.
    3 payment plans:
     DP Booking 2.5 lacs and rest 100% in 45 Days with 12% assured return till possession+ 2years or if possession extends than returns will extend accordingly PDC will be given from the first day itself for all the months
     CLP Booking 2.5 lacs and 25% in 45 days and then linked with construction, no returns on it(expected possession 2-3 years)
     Combo: Booking 2.5 Lacs and 50% in 45 days and rest 50% within 1 year of first payment cheque, assured return of 12% after 1 year till possession+2 years on it as well.

    Retail space on 1-3 floors and swimming and health club with sports and recreation facilities and many others

    can look as an investment purpose as new Chandigarh is a low density plan and very few commercial spaces given in it

    Comment

    • #3

      #3

      Re : Chandigarh Tricity Property Updates

      DLF G+2 Independent floors launch soon in New Chandigarh

      Details:
      Company- DLF
      Location - New Chandigarh (Mullanpur)
      Stage- Pre-Launching expected launch in july 2012 first week
      Size- 1800 Sq feet
      Description: G+2 Floor (50-50% right of terrace for 2nd and 3rd floor), 3 BHK+ servant
      Aprx Price: 4200-5000/Sq feet
      Booking Amount: 6 lacs in Favor of “ DLF India Ltd. Collection Account” for allotment consideration

      limited 110 Flats on offer now, DLF with its last ime debacle of not able to allots to all the applicants in panchkula is trying its best to learn from it and not to repeat it again.
      Project details seems to good but un-necessary lifts given to 3 floors will increase the cost and maintenance charges as well. good for some premuims in long term scenario

      Comment

      • #4

        #4

        Re : Chandigarh Tricity Property Updates

        CnC Virtual space- Launched first time in North India the option of owning virtual space at world’s leading Multiplex Cinepolis at.
        A good concept for small investor with future investment insights and trends developing to suit the uncertainties around.
         A 7.02 Acre Project with State of the Art Bus Stand, Office spaces, Big retail Brands
         international model of owning virtual space being adopted 1st time in India
         Integrated project: Mall, 10 screen VIP Megaplex By “Cinepolis México & Entertainment Zone”
         Corporate office, Hotel “THE HYATT PALACE”
         AC ISBT, 1900 buses plying in single day with over 60,000 footfalls expected on first day
         3 FLOOR Multi-level fully Automated Car-Parking for 3500 vehicles

        VIRTUAL SPACE OF CINEPOLIS AT Rs 2800/SQ. FEET (Rs 2.8 LACS FOR 100 SQ.FT) for 90 years.

        About Cinepolis: Cinépolis - Wikipedia, the free encyclopedia

         Total Space 67,200 Sq Feet in Cinepolis with 10 Screens & 55 Shows in single day
         Variety of Ticket sizes available
         Assured return 11% from date of depositing 85% Amount till commercial operation date
         60% of Revenues Collection * over and above value escalation of transferable rights

        Payment Plan
        At the time of booking--------------------------------------------------------- 15%
        Within 30 days of booking----------------------------------------------------85%

        Comment

        • #5

          #5

          Re : Chandigarh Tricity Property Updates

          Thanks Chandigarh for valuable information. i would like to add in Mohali Junction Project, they have recently come up with limited Business Condo-suites in Hyatt building Rs 8750 per sq ft. that is also a good opportunity.

          Apart from Virtual Space in Cinepolis, they are offering virtual space of Big Bazar 4500 per sq ft with assured return of 11 % on 85% of the amount till Commercial operation date and Minimum Guarantee of Rs 38 will be given + guaranteed Buy Back 6000 per sq ft after 6 years and @7000 per sq ft after 9 years. every 3rd year there will be 15 % escalation in Minimum Guarantee.

          Payment Plan is the same as above

          Thanks & Regards
          Ravi

          Comment

          • #6

            #6

            Re : Chandigarh Tricity Property Updates

            I am little confused - Why you calling it "Vitual space"

            Comment

            • #7

              #7

              Re : Chandigarh Tricity Property Updates

              Originally posted by chandigarh View Post
              CnC Virtual space- Launched first time in North India the option of owning virtual space at world’s leading Multiplex Cinepolis at.
              A good concept for small investor with future investment insights and trends developing to suit the uncertainties around.
               A 7.02 Acre Project with State of the Art Bus Stand, Office spaces, Big retail Brands
               international model of owning virtual space being adopted 1st time in India
               Integrated project: Mall, 10 screen VIP Megaplex By “Cinepolis México & Entertainment Zone”
               Corporate office, Hotel “THE HYATT PALACE”
               AC ISBT, 1900 buses plying in single day with over 60,000 footfalls expected on first day
               3 FLOOR Multi-level fully Automated Car-Parking for 3500 vehicles

              VIRTUAL SPACE OF CINEPOLIS AT Rs 2800/SQ. FEET (Rs 2.8 LACS FOR 100 SQ.FT) for 90 years.

              About Cinepolis: Cinépolis - Wikipedia, the free encyclopedia

               Total Space 67,200 Sq Feet in Cinepolis with 10 Screens & 55 Shows in single day
               Variety of Ticket sizes available
               Assured return 11% from date of depositing 85% Amount till commercial operation date
               60% of Revenues Collection * over and above value escalation of transferable rights

              Payment Plan
              At the time of booking--------------------------------------------------------- 15%
              Within 30 days of booking----------------------------------------------------85%
              hi chandigarh.
              Welcome to the forum, its good to see real estate professionals joining the forum openly without any pseudo cover.
              In fact the forum actually requires people like u who have the ground perspective of many a projects. Hope u keep on contributing positively to the forum.
              As asked earlier also, can u elaborate on the concept of virtual space.

              Comment

              • #8

                #8

                Re : Chandigarh Tricity Property Updates

                Originally posted by chandigarh View Post
                CnC Virtual space- Launched first time in North India the option of owning virtual space at world’s leading Multiplex Cinepolis at.
                A good concept for small investor with future investment insights and trends developing to suit the uncertainties around.
                 A 7.02 Acre Project with State of the Art Bus Stand, Office spaces, Big retail Brands
                 international model of owning virtual space being adopted 1st time in India
                 Integrated project: Mall, 10 screen VIP Megaplex By “Cinepolis México & Entertainment Zone”
                 Corporate office, Hotel “THE HYATT PALACE”
                 AC ISBT, 1900 buses plying in single day with over 60,000 footfalls expected on first day
                 3 FLOOR Multi-level fully Automated Car-Parking for 3500 vehicles

                VIRTUAL SPACE OF CINEPOLIS AT Rs 2800/SQ. FEET (Rs 2.8 LACS FOR 100 SQ.FT) for 90 years.

                About Cinepolis: Cinépolis - Wikipedia, the free encyclopedia

                 Total Space 67,200 Sq Feet in Cinepolis with 10 Screens & 55 Shows in single day
                 Variety of Ticket sizes available
                 Assured return 11% from date of depositing 85% Amount till commercial operation date
                 60% of Revenues Collection * over and above value escalation of transferable rights

                Payment Plan
                At the time of booking--------------------------------------------------------- 15%
                Within 30 days of booking----------------------------------------------------85%


                thanks chandigarh ji
                i know when a small investor asks the guarantee of this assured investment he is made to feel like a fool by these posh brokers

                do you really think with hundrerds of projects coming up and every one giving assured returns.... with growth rate coming down is it possible........

                i think every sector of greater mohali will have its own multtiplex

                is there any broker who is giving assurance that if the company fails to give that assured return he will give it or do the buy back.
                i am trying to find one but cant find

                its like buying a shares of the company for a particular project
                they will distruibute the dividend after taking aout all the expenses


                everty thing is virtual, except your hard earned money which will become virtual as well....................

                please read the fine print before giving check
                Last edited June 16 2012, 08:01 PM.

                Comment

                • #9

                  #9

                  Re : Chandigarh Tricity Property Updates

                  Originally posted by ATLGUY View Post
                  I am little confused - Why you calling it "Vitual space"
                  Actually the space will be given on a share basis without demarcating the actual area in it. so if you take 100 Sq feet 2800/sq feet, you are having a share of 100 sq feet out of total 67200 sq feet area of Cinepolis where there are other owners owning other area in it, so the sharing of revenues from cinepolis sales will be shared accordingly.
                  E.g. technically cinepolis gives 40%(audited statements as done for listed companies for dividends) of revenues to CnC which has share holders of space in it and got the returns as per their investement shares for 90+ years. it can be transfferable. Returns given by multiplxes in chandigarh are somewhere around 80-90/sq feet per month right now and delhi and other centres it's more.
                  USP here is the 10 screens for first time with 3 and 4D screens as well with 55 shows every day commitement and agreement with punjab govt over 1900 buses plying every day and 60,000 minimum footfall from day one in this 7.02 acre project with 3 level multiparking for minimum 6500 vehicles, office spaces, hotels, big bazaar and other showrooms with prominent position of the project, only apprehension if delay in delivering the project as its already been delayed a lot. and cinepolis is no looking toi operate till next financial year but CnC is giving minimum returns till then.
                  potential is huge as the time goes by and owner is paying todays price.
                  must look in details offer

                  Comment

                  • #10

                    #10

                    Re : Chandigarh Tricity Property Updates

                    Chandigarh - Thanks

                    Few qq

                    1) I remember CnC launching it 2 years back - What was the launch price that time and if i remember correctly - they did mention floor, location etc "

                    2) How would one know what floor/what "say 600 sf" location he/she owns as it totally depends upon nature of business etc ?

                    3) "Assured return 11% from date of depositing 85% Amount till commercial operation date" - How this is backed up by - Any guarantees ?

                    Appreciate your response.

                    Comment

                    Have any questions or thoughts about this?
                    Working...
                    X