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Wave Estates, Sector 85, Mohali

Last updated: September 4 2017
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  • #31

    #31

    Re : Wave Estates, Sector 85, Mohali

    Friends, Wave Estate is a good buy if you have a horizon of 4-5 years. will give you good appreciation in long term.
    Thanks
    Ravi

    Comment

    • #32

      #32

      Re : Wave Estates, Sector 85, Mohali

      [QUOTE=Rickyy;423913]Congrats Harsimran on your buy, wish u good luck.

      Will appreciate if you can update the forum on current ongoing price.

      It's amazing that we all discuss here fall in RE sector and market stagnant things but on the ground picture is very different.

      Despite all the cons of this project builder is still able to sell on very high prices..either we call it good marketing strategy or something else...

      Thanks,
      Ricky[/QUO

      Thanks
      It was a very difficult one
      We visited the site 3 times
      My dad will be retiring in 3 yrs so were looking for a home In chandigarh
      Visited almost every site in chd
      My take

      1. As far plots r concerned where the rate is 25000 it would take at least 10 yrs to develop was interested in Ireo hamlet but you actually don't know what lies at the back of the house beyond the map they are showing

      2. Aero city eco city has become too expensive the price is different when you ask for buying as compared for selling

      3. Omaxemullanpur will take 10 yrs to develop the la d has been refilled from brick factories so housing will not be that great

      4. Ireo rise was a good option but when you go to the site there is a village sukhgarh and a pond sec 99has 4 different builders so you can't expect a homogenous developmen

      5. Sunny enclave there r hundreds of plot available for sale in Saturday tribune paper and the general crowd will be not that great

      6 coming back to wave it
      1. It was approachable by proper road thru sec 80 where price is 60-70k
      2.the whole sector is with one. Builder and you have people living across the road in sec 80
      3. We would have come back because it was out of pocket
      4. They told about group housing the location was excellent see the previous map 12 acre of landscaped garden at front 5 star hotel on one side commercial on other excellent club house in place most people buying would be a descent class
      There would be the new. Commercial sec on side and the sec west to it has been earmarked for it and research

      5. Compared with group housing of other projects
      1.ireo rise available from. Ireo at 4100 non ac no wood flooring
      2. Location of Ireo sec development not at great
      3. Benefits work started so if you buy in resale you. Need coloured money
      4. Bestech too expensive
      5. Other near by completed group housing about 1-1.5 crore to be given stat

      So basically we were looking to buy a home with our total tax payed money where we could pay in instalments location should be good

      I tried to. Convince my dad to wait but the. It would have been at least one year when I go to India again

      The most important Thing was my father wanted to live there so I think it was it
      ..............

      I know they will delay it but it suits us ......
      Builder has so much more inventory to sell still that he will have to develop
      If I was the builder of sec 85 I would not have developed it until sec 80 got developed and there were proper roads coming to sector obviously. No one would have bought if there was no apparent. Connectivit

      We went there 3 times with the last thing my dad told was that even if they develop this sec half of what they r showing it would be one of the best places to live in Punjab and I some how agreed to it........

      Guys my views would be biased because I already bought it but please visit the anything you buy at least 3 times yourself

      Comment

      • #33

        #33

        Re : Wave Estates, Sector 85, Mohali

        Harsimran, Congrats on your booking with Wave Estate. Hope you get, what u are looking for.

        Generally, with so much of uncertainty in the real estate market now a days, delays in construction schedules, compromises in quality at a later stage by the builder, I feel one should look into possession-able properties and buy what you see, what is visible on ground.

        Anyhow, Good luck.

        Comment

        • #34

          #34

          Re : Wave Estates, Sector 85, Mohali

          Originally posted by Thapa1 View Post

          New info: Old clients like me who booked apartments in the year 2006 will be allotted apartments in GH 1 scheme. Other vacant units will be open to fresh applicants. GH 1 is getting launched after about 6 months. GH 1 is located close to sector 80 road (North West corner).
          The apartments that have been launched few days back are of GH 2 scheme which is located in the centre of sector 85 near to 5* hotel and 2 commercial areas. In my Opinion, GH 2 has the best location, its right in the centre and in vicinity of huge green belts.


          Dashmesh Canal will be passing just outside GH 1 in the North West corner of the wave estate (refer to approved map in the PUDA website)
          http://puda.gov.in/img/mega_uploads/...,sec-85,99.pdf
          This will be underground and entirely covered by a green belt as assured by the sales staff.

          GH 3 scheme is in sector 99.

          Housing for E.W.S which is compulsory for all PUDA/GMADA approved projects has been cleverly pushed into sector 99 pocket of this project.
          Thapa ji thank you for sharing all the information. It is very cheeky of the builder to put all the old investors in GH1 and keeping the prime location open for new investors. They should have put you in GH2 after all these years of wait. Could you not upgrade yourself to GH2 with slight increase in the amount ? I hope with a little pressure you are able to negotiate a good deal.

          Other than that, i think this is the only new development which has generated some interest in the market. Also, as pointed by Harsimran there are so many plots for sale in newspapers. All the builders seems to be struggling to sell for now. Looks like the slowdown/stagnation has clearly started showing up.
          Last edited May 17 2012, 08:04 PM.

          Comment

          • #35

            #35

            Re : Wave Estates, Sector 85, Mohali

            [QUOTE=harrychd;424406]Harsimran, Congrats on your booking with Wave Estate. Hope you get, what u are looking for.

            Generally, with so much of uncertainty in the real estate market now a days, delays in construction schedules, compromises in quality at a later stage by the builder, I feel one should look into possession-able properties and buy what you see, what is visible on ground.

            Anyhow, Good luck.[/QUOTE
            I completely agree but there were two things
            Built up properties in proper or good areas were out of my budget
            I am not in India and dad is posted outside Punjab as well so we don't need it for next 4 yrs
            Flat appeared safe after recent theft at my House in Ludhna

            Comment

            • #36

              #36

              Re : Wave Estates, Sector 85, Mohali

              Dear Harsimran ji,

              Did you visit sector 86- Preet City? Why i am asking you is because i had invested in Preet City and you had surveyed all the adjoining areas. I am sure you must have checked this sector also. Can you pls share what all info did you get and why you have not preferred this sector. The rates there are around 22-24 k/sq yds.
              I shall be thankful to you.

              Rgds

              Comment

              • #37

                #37

                Re : Wave Estates, Sector 85, Mohali

                Originally posted by gpskang View Post
                Dear Harsimran ji,

                Did you visit sector 86- Preet City? Why i am asking you is because i had invested in Preet City and you had surveyed all the adjoining areas. I am sure you must have checked this sector also. Can you pls share what all info did you get and why you have not preferred this sector. The rates there are around 22-24 k/sq yds.


                I shall be thankful to you.

                Rgds
                You r right i did not personally visit it due to time constrain you r right the rate is good for location better than unitech and Ireo I think in company booking it is available at 29000 not sure is there a village in location go there a couple of times go for it of you like it

                All the best

                Comment

                • #38

                  #38

                  Re : Wave Estates, Sector 85, Mohali

                  Wave gardens

                  One of my friends in England is looking for a 3bhk+s in wave garden in prelaunch my dealer says they r totally sold of

                  Do the locals know any underwriter who still have them at prelaunch price

                  Comment

                  • #39

                    #39

                    Re : Wave Estates, Sector 85, Mohali

                    Hi Harsimran

                    You mentioned about OMAXE Mullanpur

                    "Omaxemullanpur will take 10 yrs to develop the la d has been refilled from brick factories so housing will not be that great"

                    Can you please elaborate and provide more detail on the current development status of the project? What do you mean by land been refilled? Has the approach road from Sec-38 started? Also, what was the current price that was quoted to you?

                    Thank you for your help!!
                    -Gaurav




                    [QUOTE=Harsimran;424195]
                    Originally posted by Rickyy View Post
                    Congrats Harsimran on your buy, wish u good luck.

                    Will appreciate if you can update the forum on current ongoing price.

                    It's amazing that we all discuss here fall in RE sector and market stagnant things but on the ground picture is very different.

                    Despite all the cons of this project builder is still able to sell on very high prices..either we call it good marketing strategy or something else...

                    Thanks,
                    Ricky[/QUO

                    Thanks
                    It was a very difficult one
                    We visited the site 3 times
                    My dad will be retiring in 3 yrs so were looking for a home In chandigarh
                    Visited almost every site in chd
                    My take

                    1. As far plots r concerned where the rate is 25000 it would take at least 10 yrs to develop was interested in Ireo hamlet but you actually don't know what lies at the back of the house beyond the map they are showing

                    2. Aero city eco city has become too expensive the price is different when you ask for buying as compared for selling

                    3. Omaxemullanpur will take 10 yrs to develop the la d has been refilled from brick factories so housing will not be that great

                    4. Ireo rise was a good option but when you go to the site there is a village sukhgarh and a pond sec 99has 4 different builders so you can't expect a homogenous developmen

                    5. Sunny enclave there r hundreds of plot available for sale in Saturday tribune paper and the general crowd will be not that great

                    6 coming back to wave it
                    1. It was approachable by proper road thru sec 80 where price is 60-70k
                    2.the whole sector is with one. Builder and you have people living across the road in sec 80
                    3. We would have come back because it was out of pocket
                    4. They told about group housing the location was excellent see the previous map 12 acre of landscaped garden at front 5 star hotel on one side commercial on other excellent club house in place most people buying would be a descent class
                    There would be the new. Commercial sec on side and the sec west to it has been earmarked for it and research

                    5. Compared with group housing of other projects
                    1.ireo rise available from. Ireo at 4100 non ac no wood flooring
                    2. Location of Ireo sec development not at great
                    3. Benefits work started so if you buy in resale you. Need coloured money
                    4. Bestech too expensive
                    5. Other near by completed group housing about 1-1.5 crore to be given stat

                    So basically we were looking to buy a home with our total tax payed money where we could pay in instalments location should be good

                    I tried to. Convince my dad to wait but the. It would have been at least one year when I go to India again

                    The most important Thing was my father wanted to live there so I think it was it
                    ..............

                    I know they will delay it but it suits us ......
                    Builder has so much more inventory to sell still that he will have to develop
                    If I was the builder of sec 85 I would not have developed it until sec 80 got developed and there were proper roads coming to sector obviously. No one would have bought if there was no apparent. Connectivit

                    We went there 3 times with the last thing my dad told was that even if they develop this sec half of what they r showing it would be one of the best places to live in Punjab and I some how agreed to it........

                    Guys my views would be biased because I already bought it but please visit the anything you buy at least 3 times yourself

                    Comment

                    • #40

                      #40

                      Re : Wave Estates, Sector 85, Mohali

                      Phase 1&2 at 19-22k
                      Depends on negotiation power and plot location

                      Phase 3 at par it means the investor is paying money to the broker from his pocket

                      As far as the land filling it was told by my uncle who is living in chd since it was made and heard it from other investors

                      As far as mulla just focus on ecocity

                      Comment

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