February 22 2016, 18.52 PM IST || Pocket News Alert
Mohali an upcoming high end mega township spread over in an area of approx. 300 acres. It is an upcoming tier-II city located adjoining Chandigarh which is also the capital of Punjab. It is almost an extension to Chandigarh but is now developed as a separate city. After Chandigarh real estate, the investment in Mohali real estate is the most favorable option. Major Indian property developers and property buyers are penetrating into the booming potential of Mohali real estate market. Indian real estate developers are now developing residential and commercial sectors in Mohali. The commercial advancement in the city is conducive to the emergence of residential sector.
This area is fast developing as a great residential destination owing to its seamless connectivity to tricity, quality infrastructure development and very affordable and realistic prices. With the new international airport becoming operational soon, Mohali will be seen as a prospective international property investment destination, just like Chandigarh. NRIs have always had an interest in Mohali’s realty sector and with this new development the city is bound to give a boost to the realty sector here. As it is an International Airport it is expected to see good number of NRIs flying to the city with an aim to invest in in Mohali.
The real estate market in Mohali is prospering fast paced with a substantial increase in availability of plots and projects. The property in Mohali comprising all types of real estate units is a lucrative option for many investors looking at realty projects as an investment choice. The rapid development in infrastructure and addition of excellent facilities has contributed to a substantial hike in property rates in the city that has benefitted investors and will benefit future buyers as well. One can enjoy regular income stream through rental of a property in Mohali. You can also convert your home in Mohali to a serviced apartment that caters to tourists which in turn contributes to the economy of the city by boosting tourism potential.
The escalating demand of real estate sector in Mohali in the recent times is not hidden from anyone. Beautiful landscapes, spacious residential and commercial areas are some of the other attributes of Mohali which has made it one of the most sought after places today. You can have 1/2/3/4/5/6 BHK flats here as per your requirement and affordability. If not the flats, you can also choose to opt for villas or bungalows which are the fulsome and traditional 2-3 storey dwellings with a lavish structure and sprawling lawns.
Since more & more companies are being set up in the IT Park and Industrial area in Mohali and more residential villas and apartments are coming up in Greater Mohali area, investors are looking to invest in both saleable commercial property and housing properties. Mohali, the city, has come to symbolize development in Northern part of India.
And of course, Mohali remains the cricketing destination of the north, with Punjab Cricket Association's celebrated world-class stadium located in the city. For investors, Mohali is turning out to be one of the most-favoured destination in north India. It is a commercially viable option to buy property in Mohali. An investment in Mohali is surely beneficial for buyers.
Real Estate in Mohali comprising both Residential Real Estate and Commercial Real Estate is ready to welcome investors. Buying and Rental of all kinds of properties in Mohali are on a rise with the booming real estate in this region. Moreover, increasing number of residential and commercial complexes, multiplexes, malls, etc. have a very positive effect on the market of real estate in Mohali.
(The author Mr. SimarjitBhogal, Senior Consultant, MB Infrabuildpvt Ltd, is looking forward more challenging projects)
MB Infrabuild Private Limited
MB Infrabuild has established itself as one of the leading developers conglomerate in the highly dynamic and competitive Real Estate Market. The company has served the Residential, Commercial & Educational sector.
The Company aims to develop Residential and Commercial Projects that are at par with the best in the country and largely in the continent. With this objective, the company has purchased 7.123 Acre of Land from Greater Mohali Area Development Authority (GMADA), in an Open Auction, at a Price of Rs. 133.19 Crores. The Land is located in Sector 65, SAS Nagar, Mohali, Just Opposite Sector – 48, Chandigarh and adjoins Golf Range.
Each of their projects, whether residential or commercial, is created to provide state of the art features along with all the contemporary facilities for our patrons. With the team of realty expertise and success, MB Infrabuild realises the trivial to significant effects of rise in huge amount of construction and its environmental consequences in the country. The company will build Super Deluxe Air-conditioned Luxury Apartments with world class amenities, in the name and style of “Beverly Golf Avenue”.
“Beverly Golf Avenue” are the new age homes for those looking for an International lifestyle. Located right amidst the posh location of Mohali, the condominiums bring world class facilities with fantastic views of Mohali Club and lush Golf Range.
Vision:
To be a Trusted and Preferred Choice of Real Estate Customers in India.
Mission:
To develop and timely deliver Residential and Commercial Projects with state of the art facilities and high-end quality.
PROJECTS BY MB INFRABUILD PVT LTD:
• Beverly Golf Avenue,Punjab
If you dream to live a lifestyle that goes beyond usual, Beverly Golf Avenue is a stylish living experience with opulent standards. Own a world of International living with your apartment overlooking the lush green Golf Range
• Spring Valley Apartments, Delhi
Boasting affordable luxury, the apartments offer modern architectural and state of the art facilities.
• Panchsheel Apartments
Offers 90 HIG flat units for families to enjoy unsurpassed comfort and facilities in Dwarka
• New Model Town,Punjab
• New Town Apartments, Punjab
• Vaishali Lord Buddha CGHS
On-going:
The company is proud to launch its Super Deluxe Luxury Apartments, in the name and style of
“Beverly Golf Avenue”. For this project, the company has purchased 7.123 Acre of Land from Greater
Mohali Area Development Authority (GMADA), in an Open Auction at a Price of Rs. 133.19 Crores.
The Land is located in Sector 65, SAS Nagar, Mohali, Just Opposite Sector – 48, Chandigarh and adjoins
Golf Range. “Beverly Golf Avenue” are the new age homes for those looking for an International lifestyle. Located right amidst the posh location of Mohali, the condominiums bring world class facilities with fantastic views of Mohali
Club and lush Golf Range.
Company’s website: http://ift.tt/20Q7pyq
Profile of Mr. Simarjit Bhogal, MB Infrabuild
Consultant Infrastructure Projects.
Actively involved in Business Development Initiatives in the Advisory Sector, Mr. Bhogal has been providing assistance to the firm for seeking all requisite clearances from all, related Government Authorities and Departments be it Environment Clearance, Clearance for achieving permissible Height from the Airport Authority of India, approval of building plan approvals from the Competent Authority, Approvals for water supply & sewerage connections, coordination with Municipal Authority for various related permits, Framing of agreements for hiring of consultants, handling matters pertaining to project finance etc.
Mr Bhogal joined MB Infrabuild last year and brings along with him the expertise in Public Private Partnership Consultancy/Transaction Advisory Services. Previously he was also involved in productive interaction at the level of the Hon’ble Chief Minister/Deputy Chief Minister, Punjab, Concerned Cabinet Ministers and Administrative Secretaries for achieving tangible results & attracting Private Sector Investments in various sectors like Hospitality/Toursim, Transportation, Real Estate/Urban Development, Health & Education and Expressways etc in the State of Punjab.
Some of the key projects for which transaction services have been successfully completed are detailed as below:
i. Operation and Maintenance of Heritage Village at Amritsar on PPP mode.
ii. Selection of Event Manager for Opening and Closing Ceremonies for 4th World Cup Kabaddi, Punjab 2013.
iii. Development of 11 Tourist properties of Punjab Tourism in Punjab on PPP mode.
iv. Development of “Integrated Township at Baran, Patiala” spread over 336 acres on PPP mode - Project involves development of residential, commercial, IT & BT sectors assuring minimum employment of 5000 people in 3 consecutive years. Transfer only of possession and not ownership of land to the Private Sector Player.
v. Optimum Utilization of Vacant Govt. Lands (OUVGL Scheme) in Punjab.
vi. Development of Parking Cum Commercial Complex at Mandi in Himachal Pradesh on PPP mode.
