Punjab works on roadmap to rationalize realty rates

CHANDIGARH: Punjab is trying to revive the real estate sector in the state by going in for realistic pricing in government projects. The housing and urban development department has begun work on a plan to rationalize the rates of properties in the state, which are believed to be a put off for prospective buyers.

The realty sector has been hoping to get a boost from the new government. Sources said following the recent meeting convened by Chief Minister Capt Amarinder Singh with officials of the Punjab Urban Development Authority (PUDA), a roadmap is being finalised to remove disparities in pricing of domestic and commercial projects in the state.

"At some places, there is huge difference in prices even within a radius of 5 km. If the government projects undertake some course correction, it will have an impact on the overall real estate scenario in the state. In the past, the development authorities only revised prices after getting repeated poor response at auctions," said an official. 
 

http://timesofindia.indiatimes.com/city/chandigarh/punjab-works-on-roadmap-to-rationalize-realty-rates/articleshow/58541738.cms
 

SCO for sale in Mohali

Looking for a shop cum office? Don’t miss this!

Introduction: Shop Cum Office is an advantageous substitute to commercial space though in commercial space, you don’t have the option to sell the products or services openly. This is the main advantage of SCO since it can accommodate both your office and shop, allowing you to focus better upon the clients who come for meeting and the sales team under one roof. 

For Book Your SCO For sale in Mohali

If you wish to utilize your time and energy effectively by refusing to spend time on commuting between office and shop, SCO is the best option available to you.  As location is the obvious yet most important factor in buying shop cum office, it’s better to choose the location after utmost consideration(think about the value of this location in future).

In case, opulent lifestyle is on the top of your priority list, Mohali is certainly one of the best locations to attain hold of due to a wide number of reasons. Though, this lavish city of Punjab has already witnessed a lot of advancement in corporate sector(especially IT), lifestyle, infrastructure and most importantly the real estate sector but still continues to flourish with each passing day as  government has many master plans in mind. Not to forget, Mohali is all set to have a world class cricket stadium in 2020. Since the future of  tier 2 city seems really good with all the favourable points in its kitty, it makes sense to invest in Mohali, not just for SCO but for residential and commercial property also.

In this piece of writing, we discussed about location and pros of shop cum office but one significant aspect is still remaining and i.e. is choosing a trustworthy real estate developer. You can’t take your eyes off from the fact that a reliable real estate developer has a substantial role to play in making you feel contented with the project.

Thanks to the availability of some reputed and reliable real estate developers in Mohali, you don’t have to squander your valuable time here and there. Mona Townships Pvt Ltd is certainly one of the most experienced, trustworthy and transparent real estate developers in Mohali who has successfully executed countless residential and commercial projects in Mohali, Zirakpur, Panchkula and Chandigarh. With 30 years of vast experience in its kitty, the real estate company continues to be the forerunner in real estate sector.

Some of the most appreciated projects of Mona Townships Pvt Ltd are-

• Mona Greens, Zirakpur
• Mona Greens 2, Gazipur Road, Zirakpur
• Mona Aeroview, Swastik Vihar, Zirakpur
• Mona Cityhomes, Sec-115, Zirakpur
• Mona Paradise, Greater Mohali
• Jade Business Park, Sector 90, Mohali

Jade Business Park, also known as J90 is the thriving and in-demand commercial project by Mona Townships which is doing rounds for its exceptional structure and various other reasons. Sprawled up to 1.3 million sq. feet, J90 boasts of evolving workspaces, a well-planned functional space and the Jade Courtyard. Shop cum office in J90 is undeniably the most fruitful investment to make as offices, malls and residences are located under one roof in J90. There’s no doubt that interiors, exteriors and location of an office play a great role in the productivity of employees. Well, when it comes to the layout of Jade Business Park, there are 3 towers dedicated to J90.  

Along with all the basic amenities available inside the business park, there are some excellent features that will convince you to buy your shop cum office here. Let’s take a look on some of the features of J90.

• A lavish entrance lounge reception
• An ample space for parking
• A 3 tier security
• Six elevators which include modern exteriors facade
• Seminar and conference rooms
• Cafeterias and parks
• Balcony and big-sized windows
  
  

 

commercial property news from Hindustantimes

Despite assurance of political parties that there will be no property tax in the villages, SAS Nagar municipal corporation targets to earn additional revenue of Rs 2 crore.

The municipal corporation plans to go ahead with the imposition of the property tax in six villages and new sectors even as the voices opposing the same grow stronger.

The state government gave the shocker to the villagers soon after the election in Punjab got over. The government had rejected the MC resolution seeking exemption of property tax in villages and asked the civic body to collect tax from six villages under the MC limit from April 1.

Last year, the MC had sent a proposal to the local bodies department to exempt six villages — SAS Nagar, Shahimajra, Madanpura, Kumbra, Mataur and Sohana — from paying property tax.

More than 1,400 commercial and residential establishments have been asked to pay property tax.

“Tax per year from residential properties of six villages is Rs 28 lakh, from commercial properties is Rs 12 lakh while the tax from new sectors residential Rs 90 lakh and commercial properties is Rs 50 lakhs,” said Rajesh Dhiman, commissioner, MC SAS Nagar.

The civic body has collected Rs 12.33 crore as property tax from April till December 2016.

The rate of tax for commercial property in sectors is Rs 6 per square feet for the ground floor and Rs 3 per square feet for the other floors while for the village these rates are Rs 3 and Rs 1.5 per square feet.

Panchayat union chief Balwinder Singh Kumbra said, “Just to get votes be it MC election or assembly election all political parties had assured no property tax will be imposed in villages.

But as soon as the voting is over the villagers are being burdened by the tax thus cheating the voters.” Kumbra said in case the decision is not rolled back they would gherao the MC bhawan.

Congress MLA of SAS Nagar, Balbir Singh Sidhu, said, “We will not let the MC impose tax on the villages. We had promised the residents that no additional burden would be imposed on them and will stick to the same. No fee for building plans (naksha Fee) as well as property tax will be imposed”.

Article taken from : http://www.hindustantimes.com/punjab/property-tax-mohali-mc-targets-income-of-rs-2-cr-from-six-villages-and-new-sectors/story-xaThJcIO4UghOMEuYDC3QL.html

Residential And Commercial Property in Mohali

Mona City : Residential Property in Mohali

 

About Mona City

Project name : Mona City

Property Type : Residential Property

Builder Name: Mona Townships Pvt Ltd.

Type of Flats: 3 BHK flats/floors

Possession date: 

Website For More Info:  Residential Property Info Mona City 

 

Commercial Property  

Property Type : Commercial 

Project Name : Jade Business Park

Possession : Booking Open

Call For Booking : 1800 3000 3143

Best For: Commercial property, office space, investment

Website: Commercial property Mohali J90

 

MT Mohali Real Estate Company

If you are looking for world class residential apartments that offer all the facilities and amenities necessary for a comfortable living, then MT Mohali’s latest offering Mona City is just the right choice. Mona City is a dream project being developed under the aegis of Mona Townships Pvt. Ltd., a leading real estate developer in the region. The City is intended to provide a dream home to people who seek luxury and comfort within a reasonable enough price. Apart from being strategically located quite close to major national and state highways, Mona City has all the characteristics required by a project to become instantly successful.

Press Release of MT Mohali : http://www.free-press-release.com/news-mona-city-new-residential-property-project-from-mt-mohali-1409747951.html

MT Property Mohali

Property Projects from MT Mohali in SAS Nagar district of Punjab. The city is very near and dear to the present chief minister of the state called Mr. Prakash Singh Badal. Mohali is a paradise for the builders of real estate and there are various builders of nation and internation nicke who have made various flats in this area. The various builders include the names of famous and new names like, Gillco, Sunny Enclave, Pearls, Som Dutts, Ansals, TDI, Emaar MGF,IREO, JTPL, JLTP and many many more. These builders are are not only just developing various residential and commercial projects in the area, but bringing people from close by regions to come and settle in this area. The prices are at a very competitive price and the people after getting saturated in the Chandigarh region are quickly settling here. There are various investors who are making huge amount of investments in this area too. Mr. Badal recently met with the prime mister of India who is recently elected in the lok sabha election of 2014, Mr. Narender Modi to discuss the further development in the state of Punjab in which SAS nagar is of major focus. One can hope that there will be more and more names coming up in the area along with our company and other reputed builders in the area already established to offer people more and more options.. If you have any personal, wholesale purchase or investment related inquiry in the area of Mohali and around areas of Punjab, please visit our website MTMohali.com and contact there. We will be glad to offer the best we can.

For More Visit :http://www.directory.edu.vn/detail/mt-mohali-property-88472.htm

Smart plans keep the real estate industry moving

Placing the population issue at the core, governments all over the world are insisting for the prudent use of land. Unlike most of the other countries, this is a very serious matter in India, where the proportion of population and land availability stays asymmetrical. Hence giving a genuine punch to this framework, many initiatives and programmes are being put forward by our government in accommodating everyone, especially the economically weaker sections, in the available space. For giving momentum for this, state governments too are holding their hands with the central initiative. Here, Punjab government has some interesting moves in their record.

 

The Punjab government has plans to set up the Punjab State Affordable Housing Development Authority. Moreover the Greater Mohali Area Development Authority too is all set to enter the affordable segment in SAS Nagar. There are also plans to construct 10000 apartments over a period of time in a phased manner, with 2000 flats being built in the first phase. 

With Chandigarh Masterplan 2031 receiving green signal, this holistic housing plan envisages judicious use of land, group housing instead of independent plotted developments, and allocation of land for the economically weaker section.

Since the prices of property have come down, with Zirakpur-Kaka Highway and Mohali displaying a downward trend during the first quarter of 2015, the chances for coming forward for purchasing property in this enclave is high. At this point of time, people are ready with their wallets to invest in the real estate market. There is another interesting turn to the story. Owing to the lower liquidity in the market and the falling down of property rates, it is said that most of the deals are now being done in exchange mode. Government’s involvement is expected here to keep a check on it.

Flats In Zirakpur - Mona Greens

Now, with “Housing for All” plan by the central government, India is stepping forward in sheltering everyone by 2022. Affordable prices are being offered by real estate companies for the growing needs of a family. When family set up got shifted from joint to nuclear type, the need to construct more houses too increased. Mona Townships has been involved in this sector for providing affordable houses to its customers. Flats in Mohali and Zirakpur and the apartment culture got life by the presence of Mona Townships.  

Flats in Mohali - Mona City

The new policies taken forward by the government are expected to display their result by getting better cooperation from state governments. To make the government initiative a success, real estate sector too has to take part in the race of this noble mission of providing roof for all.

 

 For More Visit : www.mtmohali.com