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Wave Estates, Sector 85, Mohali

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Wave Estates, Sector 85, Mohali

Last updated: September 4 2017
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  • Re : Wave Estates, Sector 85, Mohali

    wave gardens vs jlpl

    hello pamona ji and rohit ji
    same question as panoma ji
    I saw the website of falcon views, but have not seen the actual site.Can some one local throw further light. Couple of things i picked up

    The railway line seems quite near in google map. What is the actual distance of rail line from appartments. What about any ht wires passing.

    The jlpl site is not mentioning the tottal area. Is it just 17 acres???? then 1400 flats that too 3,4 br makes high density. other thing that i saw from the website is that for 3br the area is 2500 psf which is too much

    i have seen the wave site there is no railway line or ht wires. the area is alright 1880 something looks decent and 1990 with servant can actaually be used as 3.5 bhk is some known comes to stay and the have about 500 flat in 17 acres.

    the biggest draw back with wave is uncertainity about time in execution but jlpl will definately deliver on time

    i dont think the price is going to jump too quickly. i am keeping an eye on both these properties and may be we have about 6 months to see how they do and then i will pick one.

    i am even following gurgaon and noida as well. it only looks good to hear that its appreciating astronically but its not resale prices are almost stuck there also for about 4 months now so need to hurry.
    Last edited March 7 2013, 02:29 PM.

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    • Re : Wave Estates, Sector 85, Mohali

      Originally posted by Yaaranmule View Post
      hello pamona ji and rohit ji
      same question as panoma ji
      I saw the website of falcon views, but have not seen the actual site.Can some one local throw further light. Couple of things i picked up

      The railway line seems quite near in google map. What is the actual distance of rail line from appartments. What about any ht wires passing.

      The jlpl site is not mentioning the tottal area. Is it just 17 acres???? then 1400 flats that too 3,4 br makes high density. other thing that i saw from the website is that for 3br the area is 2500 psf which is too much

      i have seen the wave site there is no railway line or ht wires. the area is alright 1880 something looks decent and 1990 with servant can actaually be used as 3.5 bhk is some known comes to stay and the have about 500 flat in 17 acres.

      the biggest draw back with wave is uncertainity about time in execution but jlpl will definately deliver on time

      i dont think the price is going to jump too quickly. i am keeping an eye on both these properties and may be we have about 6 months to see how they do and then i will pick one.

      i am even following gurgaon and noida as well. it only looks good to hear that its appreciating astronically but its not resale prices are almost stuck there also for about 4 months now so need to hurry.
      I bot in jlpl and hence can share following:
      1702 apartments in 34 acres
      No HT wires
      Railway line is quite far
      Project layout approved in. September, launched in October and work started by December. Already basement and water proofing work going on.
      Project given to supreme infra of mumbai which is pretty reputed firm.
      I think in 6-8 months JLPL execution will be much ahead of wave and that will attract a lot of buyers. Plus JLPL is on existing 200 ft road, while wave will be on 100 road whose construction has not even started and no one knows how long govt will take.
      JLPL location is best among others , eir current pace of execution is also pretty decent.
      Super area is 2500 n 3000 sq ft for 3 n 4 bhk ad they r not targeting mid class? They are looking at NRI, Punjab resident looking to shift to mohali, chandigarh kochi owners, who wants all facilities of flat, Scotty still have open space like kothi.

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      • Re : Wave Estates, Sector 85, Mohali

        Well Said Rohiji. I also went to site but ,alas, could not get appartment of my prefernece.

        Excellent for staying. May not be so for investment as Punjabis are for plots...

        Comment


        • Re : Wave Estates, Sector 85, Mohali

          Originally posted by Panoma View Post
          Rohit ji, which one of the two will you prefer as an 1. investor and 2. end user - JLPL or wave gardens?

          thanks in advance!
          I will not invest in wave as investor or end user given their poo track record of execution. They have got v good layout but too risky given their track record
          JLPL if get completed in time is excellent from end use prospective,
          For investor, they will need to wait for 2 yrs to make decent returns because in 2 yrs following will happen:
          - mohali intl airport work will get completed by l&t t. Their deadline is 2014
          - aerocity road will be thru to patiala road. This will be 200 ft road passing from mohali I front of jlpl to patiala road
          - jlpl some of towers be near completion. Jlpl has given 30 months completion time which means in 24 months structure wld be complete.
          -a five star hotel project cld start in front of jlpl project but that's subjected to one of five start hotel becoming interested.

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          • Re : Wave Estates, Sector 85, Mohali

            Originally posted by chdire View Post
            Well Said Rohiji. I also went to site but ,alas, could not get appartment of my prefernece.

            Excellent for staying. May not be so for investment as Punjabis are for plots...
            Lot of people now shifting to aprtments as nuclear families staying in large kothis.
            Plus too much supply of plots( unitech, emaar , wave, DLF , omaxe etc. ), while only v few good Apartment project. In fact I did nt find any other project of good quality except manimajra UPPAL MARBLE ARCH projects but that has only 125 apartments selling above 12000 per sq ft.

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            • Re : Wave Estates, Sector 85, Mohali

              Originally posted by chdire View Post
              Well Said Rohiji. I also went to site but ,alas, could not get appartment of my prefernece.

              Excellent for staying. May not be so for investment as Punjabis are for plots...
              If you like project , you shall book apartment even if u don't get if your choice as later on when investor sell , unwill get your choice. Or even co may offer in case if cancellation.however if u don't book, later on price cld become higher.

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              • Re : Wave Estates, Sector 85, Mohali

                Thanks rohit ji
                What is the official rate in Jlpl is broker discount available on bsp
                What's the option in resale

                What's the rate for resale in beseech no one talks about it

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                • Re : Wave Estates, Sector 85, Mohali

                  Originally posted by Yaaranmule View Post
                  Thanks rohit ji
                  What is the official rate in Jlpl is broker discount available on bsp
                  What's the option in resale

                  What's the rate for resale in beseech no one talks about it

                  Official rate of jlpl is 4050 per sq ft for 3 bhk. All broker get around 3% discount from co so u can negotiate to get 2% discount on 4050.
                  Resale u will have to Chk with dealers but my assumption is if co is selling at 4050 and initially booking started at 3700 per sq ft, u get in resale around 3800 per sq ft as work has just started. Also some people wld have booked in pre launch at 3600 so they sell at 3800 .

                  I am not sure if bestech rates. I think co was selling was around 5500 per sq ft . No idea on resale prices. Just check their location. I think it's opposite to a sewerage treatment plant ( not sure) and also a desk liquor selling shop.

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                  • Re : Wave Estates, Sector 85, Mohali

                    Rate of company is 4050 per sq ft for 3 BHK, pre launch rate was 3700 and launch rate was 3790. you can get 3790 + 1% discount.
                    Thanks
                    Ravi
                    Last edited March 7 2013, 09:57 PM. Reason: omission

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                    • Re : Wave Estates, Sector 85, Mohali

                      Originally posted by ravirocks View Post
                      Rate of company is 4050 per sq ft for 3 BHK, pre launch rate was 3700 and launch rate was 3790. you can get 3790 + 1% discount.
                      Thanks
                      Ravi
                      Hi Ravi,

                      a) Just to clarify, are you suggesting it is available in resale option in secondary market for Rs 3790 +1% commission to the agent?

                      b) Any idea on the transfer fees?
                      c) Also there were some mix messages above saying 1700 total apartments but only 400 plus already sold. This means JLPL will be selling rest of them in future phases?
                      Last edited March 8 2013, 08:55 PM.

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