Fourth Quarter Research Report - Property Vertical · 2008-10-01 · Fourth Quarter Research Report...

PropertyVertical.com

Fourth Quarter Research Report 2006

www.propertyvertical.com

A comprehensive analysis

of Chandigarh tri-city

real estate market

http://www.propertyvertical.com

The real estate market in India is

experiencing an all time high.With the

emergence of multinationals, the demand

for office and residential space has

increased manifolds. Chandigarh which

comes under Tier III cities category is

positioned to emerge as major centres for

offshoring by IT and ITES companies over

the next five years.The appreciation in the

buying capacity of these professionals and

the easy availability of home loans have

seen a shift from rentals to purchase of

residential properties.

Introduction

Ritu Sharma

Research Analyst

Vipin Sharma

General Manager

Contents

Introduction 2

Residential Market Scenario 3

Impact of Elections 4

Proposal for Change in the Registration Rate 4

Home Loans Impact 4

Future Predictions 4

Zirakpur Residential Rate Comparison 5

New Residential Projects in Zirakpur 6

New Residential Projects in Dera Bassi 8

New Residential Projects in Chandigarh and Panchkula 9

New Residential Projects in Mani Majra 10

Dera Bassi Residential Project Rates Comaprison 10

Mohali Residential Project Rates Comaprison 11

New Residential Projects in Mohali 12

Baddi Residential Project Rates Comaprison 14

New Residential Projects in Baddi 15

Commercial Market Scenario 16

Commercial Projects in Chandigarh tri-city 17

Source of Information, About Propertyvertical.com, Our Addresses, Disclaimer 19

Chandigarh Map 20

Mohali Master Plan Map 21

Panchkula Map 22




During the last quarter residential real estate prices have been

stagnant in Chandigarh. The market is overall even slower as

compared to the third quarter due to limited availability and

high prices in Chandigarh. The demand in far off and outer

sectors in Chandigarh like sector 40 and 38 and sectors 25, 26,

27 and 28 in Panchkula is less. But there has not been much

impact in the central sectors in Chandigarh and Panchkula.

Housing Board Flats in Chandigarh and Mohali:

Floorwise Rates in Chandigarh of old construction and new construction 10 marla house:

RESIDENTIAL MARKET SCENARIO

65-70 lakhs 80-90 lakhs






3rd Quarter

3rd Quarter

4th Quarter

4th Quarter

Mohali




Floor

10 Marla House Old Constructed 10 Marla House New Constructed

Ground FloorFirst FloorSecond Floor

Category of flats Chandigarh

LIG(2BR))

4th Quarter

MIG(3BR+DD)

HIG(3BR+DD

Due to expensive plots and non transferability of Group Housing Society flats, people prefer independent floors in Chandigarh.

Plots in Chandigarh:

The Resumption Order declared by the government stipulates the construction on residential plots in Chandigarh and Panchkula to be done till 31 December 2007.

Area of plot

60-65 lakhs 37.5-43.75 lakhs 25-31.25 lakhs

1.25-1.45 cr 75-87.5 lakhs 50-62.5 lakhs

3-3.25 cr 1.5-1.75 cr 1-1.25 cr

4.25-4.50 cr 7.5-8.75 cr 2-2.5 cr

3rd Qtr 4th Qtr 4th Qtr 4th Qtr

Chandigarh Mohali Panchkula

5 Marlas

10 Marlas

1 Kanal

2 Kanal

50 - 60 lakhs

1.35 - 1.5 crores

2.65 - 3 crores

5.5 - 6 crores

Area of plot

5 Marlas

10 Marlas

1 Kanal

2 Kanal

Area of plot

5 Marlas

10 Marlas

1 Kanal

2 Kanal

Copyright © 2007. PropertyVertical.com



Fourth Quarter Research Report 2006 03




IMPACT OF THE ELECTIONS TO BE HELD ON 13 FEBRUARY 2007:

PROPOSAL FOR CHANGE IN THE REGISTRATION RATE:

When someone plans to buy a property than one always think about government policies, market value and future of investment. People are waiting for the election results and the new government to come into force as this would result into formulation of new regulations and laws influencing the residential projects in the pipeline for government approval. The impact of the much awaited elections has been mainly on Mohali real estate with the sale/purchase going on a slower pace as the majority of residential projects are coming in this area. Thus the prices have plummeted.

Zirakpur and Mohali are swarmed by private builders and developers and many more are foraying into this area with their residential and commercial projects. National builders like Jaipuria Group along with several other small and local ones are up coming with their projects in Zirakpur. In Mohali too developers such as Chadha Group, TDI, World One, Ansals, Emaar-MGF have launched their projects.

Pearls Infrastructure Projects Ltd and Emgreen Projects Ltd are coming up with their residential projects in Zirakpur as well as Mohali.

The prices have gone down around 15-20% in the last quarter. One of the reasons attributed to this can be increased inventory but less demand and the new development is making the inventory to rise further. There is decline in the demand as people are trying to play safe waiting for the elections as the majority of the developers are still waiting for the licenses and government approval for their projects.

The current registration rate in Chandigarh is Rs 19,200 per square yard which is proposed to increase to Rs 25,000-30,000 per square yard. The stamp duty will be decreased from 6% to 5%. There will be no change in Panchkula and Mohali registration rate. This will affect the financers/investors looking for long term gains from their investments rather than the genuine buyers.

HOME LOANS IMPACT:

FUTURE PREDICTIONS:

REASONS:

In a response to the RBIs move to raise the reverse repo rate by 25 basis points and increase loan-loss provisioning for real estate and consumer credit, private bank ICICI has also announced within the same week of RBIs decision to increase its Benchmark Advance rate (I-BAR) and its Floating Reference Rate (FRR) by 1% for consumer loans, including home loans. The revised I-BAR would be 14.75 % p.a. payable monthly as against 13.75%. The revised FRR would be 11.75% p.a. as against 10.75%.

The increase in the home loan rates would affect the financers/investors in a larger proportion rather than the real and genuine buyers.

-In Chandigarh there is limited availability and limited scope of development so hardly much change or impact in the real estate scenario is expected.

-Panchkula and Mohali real estate prices are expected to decrease further in the future.

In Panchkula the government and the laws are expected to change with the upcoming elections.In Mohali there are a lot of new developers and builders coming up with their projects. The prices are attractive but people are bit reluctant in accounting to their reliability.


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2006 05Fourth Quarter Research Report

Nirmal Chhaya Towers

Comparison of 3rd and 4th qtr rates of Residdential Projects in Zirakpur

Residential Projects

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Sunrise Greens

Zirakpur Location Type AreaRate (INR)

4th Qtr3rd Qtr

Nirmal Chhaya TowersPearls Infrastructure Projects Ltd.

On VIP Road

Patiala Road & VIP Road

Sunrise GreensJaipuria Group

Apartments2 BR3 BR4 BR5 BR Penthouses

ApartmentsCAT I - 2 BRCAT II - 3 BR

1260/ 1315 sq. ft.1715/ 1795 sq. ft.2285 sq. ft.3495 sq. Ft.

2100/ sq. ft.

2100-2200/sq. ft.2100-2200/sq. ft.

2100-2200/ sq. ft.2100-2200/sq.ft.

1282 sq. ft.2063 sq. ft.

2100 / sq. ft.

Table:Comparison of 3rd and 4th qtr rates of Residdential Projects in Zirakpur

Comparison of 3rd and 4th qtr rates of Residential Projects in Zirakpur :


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2600

In the 4th Qtr, there has not been any change in the residential projects rates in Zirakpur.

Due to suitable location of Chandigarh and easy accessibility from the states like Punjab, Haryana and Himachal Pradesh, people have preferences accordingly. For instance, close proximity to the area and easy accessibility is much sought after reasons. People from Punjab prefer to buy/invest in projects in Mohali and the suburbs like Kharar. Likewise the residents of Haryana prefer Zirakpur and people from Himachal Pradesh prefer Baddi and Panchkula.



2006 06Fourth Quarter Research Report

Zirakpur Location Type Area Rate (INR)

Zirakpur-Ambala Highway

Panchkula-Zirakpur Road

Near sec 20 pklPeer Machala

Rishi Apartments

Green Valley Apartments Pvt. Ltd

The HeritageShresth colonizers Pvt. Ltd.

Apartments3 BR4 BR

Apartments3 BR

Apartments

2334 / sq. Ft.2353/ sq ft

1780/sq.ft.

30 lakhs1935/ sq. ft.

1500 1700

sq. ft.sq. ft.

1506 1465 1485

sq. ft.sq. ft.sq. ft.

1550 sq. ft.

Tricity HomesShresth colonizers Pvt. Ltd.

Near sec 20 pklPeer Machala

Apartments2 BR

40 lakhs

On Chd-Delhi HighwayAastha Apartments Apartments5 F4 F3 F2 FFF6 F

18.90 Lakhs19.90 Lakhs20.90 Lakhs21.40 Lakhs21.90 Lakhs26.90 Lakhs

New Residential Projects in Zirakpur :

Regalia Towers Zirakpur-Shimla Highway

Apartments2 BR3 BRPenthouses

1152 1483 1483 and 1392 sq. ft.

sq. ft.sq. ft.

2050-2070/ sq. ft.

On Chd-Delhi Highway Motiaz Royal Estate AC Apartments 2350 / sq. ft.1503, 1597, 1612, 1640 sq.

CHD-Patiala HighwayGreenview Apartments Apartments3 BR 2175/ sq. ft.- 2275/ sq. ft.1200 sq. ft.

1300 sq. ft.

Table:New Residdential Projects in Zirakpur

Opposite VIP RoadOpera TowersCCPL Group

ApartmentsSapphire and Jade

Solitare

1566.6 sq ftGF

st1 Fnd2 Frd3 Fth4 Fth5 Fth6 F

1543.22 sq ftst1 Fnd2 Frd3 Fth4 Fth5 Fth6 F

1880/sq ft1835/sq ft1800/sq ft1765/sq ft1730/sq ft1695/sq ft1660/sq ft

1835/sq ft1800/sq ft1765/sq ft1730/sq ft1695/sq ft1660/sq ft

2115/sq ft2070/sq ft2035/sq ft2000/sq ft1965/sq ft1930/sq ft1895/sq ft

2070/sq ft2035/sq ft2000/sq ft1965/sq ft1930/sq ft1895/sq ft

Semifinished Finished

VIP Road ZirakpurEmgreen ResidencyEmgreen Projects Ltd.

AC Apartments 2370/sq. ft.





Rishi Apartments Green Vally MotiazRoyal Estate

Regalia Towers GreenviewApartments

EmgreenResidency Opera Towers

Jade Solitare


New Residential Projects in Zirakpur

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Minimum Rate Maximum Rate

In the 4th Qtr a number of residential projects have been established by both national and local developers in Zirakpur. A vast majority of projects are coming up in this area which is able to catch the attention of investors/ buyers. As compared to other locations like Kharar, Dera bassi and Baddi, Zirakpur has witnessed more development and thus

more sales are recorded in this area. It is expected that within 3-4 months the rates in this area would certainly rise. With the expansion of NH-21 from two-lane to four-lane, this area is expected to witness great demand and boom real estate.

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Ambala- Chandigarh Road, Jharmari

ApartmentsBeta 2 BRAlpha 1, 2 BRAlpha 2, 2 BRTau, 2 BRDelta 3 BRPhi 3 BRGamma 3 BRDelta 1, 3 BR

G.F. 1695/ sq. ft.1 & 2 F 1595/ sq. ft.3 & 4 F 1570/ sq. Ft.

1250 sq. ft.1250 sq. ft.1250 sq. ft.1225 sq. ft.1590 sq. ft.1590 sq. ft.1590 sq. ft.1524 sq. ft.

Omaxe Greens

Dera Bassi Location Type Area Rate (INR)

Silver City Themes Apartments2 BR CAT B-23 BR CAT B-13 BR CAT A-23 BR CAT A-1

35 lakhs 40 lakhs

1145 sq. ft.1294 sq. ft.1641 sq. ft.1727 sq. ft.

2800 sq. ft.2200 sq. ft.1800 sq. ft.

ATS Golf Meadows Prelude Dera Bassi ApartmentsType A- 4 BRType B- 4 BRType C- 3 BR

2000/ sq. ft.(InstallmentPlan)

1800/ sq. Ft.(Down Payment Plan)

Dera Bassi Apartments2 BR3 BR4 BRDuplex

1000 sq.ft.1200 sq.ft.15090 sq.ft.1300 sq.ft.(700+300)

1171-1291 /sq. ft.1200-1300 /sq. ft.1220-1300 /sq. ft.1516 /sq. ft.

Gulmohor City Extension

New Residential Projects in Dera Bassi :

Table: New Residential Projects in Dera Bassi Copyright © 2007. PropertyVertical.com

Omaxe Greens Silver City Themes ATS Golf Meadows Prelude

Gulmohor City Extension


New Residential Projects in Dera Bassi

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Chandigarh Location Type Area Rate (INR)

Parsvnath Paredesia

Near IT park CHD Apartments1 BR2 BR3 BR4 BR

8000/ sq ft.800 sq. ft.1300-1500 sq. ft.1800-2500 sq. ft.2500-3000 sq. ft.

Panchkula Location Type Area Rate (INR)

ParikramaSuncity Projects Pvt. Ltd. Santur Projects Pvt. Ltd.

Non AC 3 BR sssAC 3, 4 and 5 BR Apartments6 BR Penthouses 6 BR Duplexes

3100/ sq. ft.3600/ sq. ft.

3600/ sq. ft.3600/ sq. ft.

1850 sq. ft.2150,3050,3600 sq. ft.

6000 sq. ft.6300 sq. ft.

2446 sq. ft.3590 sq. ft.

3306 sq. ft.3548 sq. ft.4518 sq. ft.

Amravati Enclave 6 kms from PanchkulaPanchkula-Kalka Highway

ApartmentsType A- 4 BRType B- 4 BRType C- 3 BR

1838/ sq. ft.1838/ sq. ft.

1844/ sq. ft.1831/ sq. ft.1681/ sq. ft.

Opp. Sec 20 ApartmentsPenthouses 2350/ sq. ft.

Opera Gardens Emgreen Projects Ltd.

Sec 20

New Residential Projects in Chandigarh :

New Residential Projects in Panchkula :

Table: New Residential Projects in Panchkula

Table: New Residential Projects in Chandigarh

Parikrama Amaravati Enclave Opera Gardens


New Residential Projects in Panchkula

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Mani Majra Location Type Area Rate (INR)

Uppal's Marble Arch Near CTP ApartmentsType A- 3 BRType B-3 BRType C-4 BRType D-3 BRType E- 4 BRType F-3 BRType G-3 BR

6500/ sq. ft.2300 sq. ft.2325 sq. ft.2450 sq. ft.2300 sq. ft.2650 sq. ft.2375 sq. ft.2050 sq. ft.

New Residential Projects in Mani Majra :

Table: New Residential Projects in Mani Majra Copyright © 2007. PropertyVertical.com

Dera Bassi Location Type AreaRate (INR)

4th Qtr3rd Qtr

Parsvnath Greens Plots 200 sq. yards.250sq. yards.300sq. yards.350sq. yards.450sq. yards.

10000/ sq. yard.10000/ sq. yard.

Comparison of 3rd and 4th qtr rates of Residential Projects in Dera Bassi :

Table:Comparison of 3rd and 4th qtr rates of Residential Projects in Dera Bassi Copyright © 2007. PropertyVertical.com

There has not been any change in the rates offered by the developers like Parsvnath in the 4th Qtr as compared to the 3rd Qtr.

The national developers are exploring the suburbs along with tier II and III cities. Following the footsteps of Delhi NCR, Chandigarh too is witnessing the introduction of luxury and super luxury apartments like penthouses and condominiums. Developers like Emgreen and Emaar-MGF are offering these luxury apartments trying to woo the upper class segment. It is expected that in the coming 3-4 years the demand for apartments will be more as compared to other properties. This would surely see advancements and innovations in this category.




Mohali Location Type AreaRate (INR)

4th Qtr3rd Qtr

Westend Estate The Chadha Group

Sec 105

Apartments2 BR3 BR3 BR4 BR4 BRPlots

Sec 85

Apartments

Penthouses

1250 sq. ft.1675 sq. ft.1875 sq. ft.2375 sq. ft.2650 sq. ft.

350 sq. ft.500 sq. ft.

Coral 2300/ sq. ft.Sapphire 2600/ sq. ft.

18000/ sq. Yard.

2750/ sq. ft.

2950/ sq. ft.

2750/sq. ft.

2950/sq. ft.

1350 sq. ft.1550 sq. ft.1750 sq. ft.

2475 sq. ft.2875 sq. ft.3225 sq. Ft.

Coral 2200/sq. ft.Sapphire 2500/sq. ft.

18000/sq.yards.

Emaar-MGF

Sec 100 and 104 Plots 14000-15000/sq. yard.

14000/sq. yard.150,200,256.67, 400, 450, 500 sq. yards.

Pearls City

Westend Estate

Coral Sapphire

Emaar MGF


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Comparison of 3rd and 4th qtr rates of Residential Projects in Mohali :

Table: Comparison of 3rd and 4th qtr rates of Residential Projects in Mohali Copyright © 2007. PropertyVertical.com

3rd Qtr Min Rate

3rd Qtr Max Rate

4th Qtr Min Rate

4th Qtr Max Rate

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Mohali Location Type Area Rate (INR)

Rishi Apartments

Gee City Builders Pvt. Ltd.

Apartments3 BR4 BR4 BR + Terrace GardenPenthouses

2667 /sq. ft.2647 /sq. ft.1833 /sq. ft.2333 /sq. Ft.


1286 sq. ft.1446 sq. ft.1528 sq. ft.1678 sq. ft.1760 sq. Ft.

Acme HeightsMarvel Buildcon Pvt. Ltd.

Chajju Majra Road, Mundi Kharar

Apartments 2 and 3 BR 1750/ sq. ft.

Sec 91 Condominiums3 BR

2950/sq. ft.Emgreen Golview 91 Emgreen Projects Ltd.

Sec 70

Sector 86

CHD-Kharar Highway, Mundi Kharar

A. B. Apartments

Gillco Valley

Apartments2 BR3 BRPlots

2150/sq. Ft.

12900/ sq. yards.

1793 /sq. ft.2204 /sq. ft.2645 /sq. Ft.

1000 sq. ft.1400 sq. ft.

1450 sq. ft.2042 sq. ft.(duplex)15550 sq. ft.(single story)

Apartments3 BR Villas

Shivalik City Kharar-Landran Road Apartments3 BRDuplexes

1927 sq.ft.200-235 sq yards140-155 sq yards

1863 /sq. ft.

46-50 lakhs

Sec 91 Whistler Heights Apartments4 BRPenthouses5 BR

2283.30 sq. ft.

3958.30 sq. ft.

2201-2310/ sq ft

2201 /sq ft

Sunny Enclave

Bajwa Developers

On NH-21, CHD-Ropar road, Kharar

Apartments2 BR3 BR

1370 sq. ft.1600 sq. ft.

1752/ sq. ft. 1688/ sq. ft.

CHD-Mohali-Landran Road

Swami Villas Apartments3 BRVillas

1447-1535/ sq ft27.50 lakh

1140 sq. ft.1969 sq. ft.

New Residential Projects in Mohali :

Table: Residential Projects in Mohali Copyright © 2007. PropertyVertical.com





On Ropar-Chandigarh NH-21 Kharar

Jamuna Apartments

Apartments2 BR4 BR5 BR

2000/sq. Ft.1590 sq. ft.2150 sq. ft.2475 sq. Ft.

Landran-Kharar RoadWorld One Apartments3 BR 2129 sq. ft. 1750-1900 sq. ft.

Ansal Orchard County ApartmentsAC-3 BR

Non AC-3 BR

nd th2 F-8 F@2550/sq. ft.st1 F @2650/sq. ft.

GF @ 2700/sq. ft.nd th2 F-8 F@2350/sq. ft.st1 F @2450/sq. ft.

GF @ 2500/sq. Ft.

1630 sq. ft.

1630 sq. ft.

150 sq. yards.Golf Links Sec 114 Plots

Plots

14000/ sq. yard.

Sec 91 250, 350, 500, 950 sq. yards.

13500/ sq. yard. Ansal API

Kharar-Landran Road

RishiApartments

AcmeHeights

Emgreen Golview 91

A. B. Apartments

GillcoValley

ShivalikCity

Whistler Heights

SwamiVillas

SunnyEnclave

Jamuna Apartments

WorldOne

Ansal Orchard County


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New Residential Projects in Mohali

Table: Residential Projects in Mohali Copyright © 2007. PropertyVertical.com

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Baddi Location Type AreaRate (INR)

4th Qtr3rd Qtr

Omaxe Parkwoods ApartmentsUniversal- 1BR

2 BR 2 BR

2 BR3 BR3 BR3 BR

Imperial - 1BR 2 BR

2 BR2 BR3 BR3 BR3BR

Opposite Housing Board Colony Phase 2 713 sq. ft.

963 sq. ft.1185 sq. ft.1250 sq. ft.1542 sq. ft.1566 sq. ft.1590 sq. ft.713 sq. ft.963 sq. ft.1185 sq. ft.1250 sq. ft.1542 sq. ft.1566 sq. ft.1590 sq. ft.

1305-1500/ sq. ft.

1458- 1670/ sq. ft.

1620-1670/ sq ft

Omaxe Parkwoods


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Comparison of 3rd and 4th Qtr rates of residential projects in Baddi :

Table: Comparison of 3rd and 4th qtr rates of Residential Projects in Baddi Copyright © 2007. PropertyVertical.com

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3rd Qtr Max Rate

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Baddi Location Type Area Rate (INR)

Nalagarh-Pinjore HighwayRishi ApartmentsGee City Builders Pvt. Ltd.

Apartments2 BR3 BR

16.5 lakhs24 lakhs

1000 sq. ft.1550 sq. ft.

Along NH-1 RajpuraParsvnath King Citi Plots in Sq yards200250300350500Villas4112 sq ft2799 sq ft

4500/ sq yard

6362000 lakhs 4401000 lakhs

Amravati Apartments Apartments2 BR2 BR2 BR3 BR

1649/ sq. ft.(top floor)1649/sq. ft. (top floor)1641/ sq. ft.(top floor)1717/ sq. ft.(top floor)


Sai Road, Phase III

Amravati Apartments Rishi Apartments


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New Residential Project in Baddi :

Table: New Residential Projects in Baddi Copyright © 2007. PropertyVertical.com

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Due to the industrial development in Baddi, there has been demand for residential development too. National developers like Omaxe and Parsvnath along with other local developers have established their operations in Baddi.

Location Type Area Rate (INR)


Rajpura

Table: New Residential Projects in Baddi

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COMMERCIAL MARKET SCENARIO:

There has been a lot of movement in the commercial market in Chandigarh city. The commercial rates in Chandigarh have increased between 10-15% in the last quarter. Panchkula commercial rates have also increased to about 15%. The auctions held in December 2006 in Panchkula for commercial property in sectors 8,9,11 and 14 witnessed around 20% increase in the rates. Due to this, rates in nearby sectors in Panchkula have also increased.

The rentals have also increased more than 50% in the last quarter in the sectors like 17 and 22. A lot on MNCs have set up their offices in Chandigarh and many more are in an attempt to enter this market. Lack of space availability and high

demand in Chandigarh has resulted in sky rocketing commercial prices.

Rental:

Following the footsteps of Delhi NCR, mall culture is picking up in Chandigarh is too. The tri city will witness around 6-10 malls in the next 1-2 years.

A showroom or a SCO in Chandigarh would cost somewhere between 2 cr to 2.5 cr. SCF (minimum) 2 cr.Booth- 30-35 lakhs

Sale/purchase of floor wise showrooms is also there in Chandigarh. The demand and thus the rates in Chandigarh in the central sectors like 17, 22, 19, 34, 35, 37, 20 and 21 is the maximum. In sector 35, Uppals; developer of Uppals Marble Arch, the residential project near CTP and the Centra Mall in Chandigarh Industrial area has taken a commercial land on leasehold for construction of a five star hotel. The construction of which has already started. In Panchkula the maximum demand is in the sectors 8, 9, 10, 11 and 14. Recently a SCO on auction went for 8-9 crores. In the interior sectors the rate is around 1 crore to 1.5 crores.

The commercial real estate market scenario is contrary to the residential one as the inventory is less but the demand is more resulting in shooting up of the prices. The prices will increase further as the availability is very less in the developed sectors in Chandigarh and demand is very high.

Malls could prove to be an alternative option for the commercial space but there has not been much new development in the office space.

- --

Future Trend:





Mall Matrix, ParsvnathMohali

Sec 74 Retail Mall & Hotel GFUpper GFFFSF

16500/ sq. ft.15000/ sq. ft.12500/ sq. ft.12000/ sq. ft.

Fashion Technology Park Sec 90 Industrial Zone

Commercial Zone

Residential

GF1st F

nd2 Frd3 Fth4 Fth5 Fth6 F

GF1st F

nd2 Frd3 Fth4 Fth th5 F and 6 F

G + 10 storey Basement and GF

nd2 Frd3 Fth4 Fth5 Fth6 Fth7 Fth8 Fth9 F

th10 Fth11 F

12,000/ sq. ft.10,500/ sq. ft. 9,000/ sq. ft.7,500/ sq. ft. 6,000/ sq. ft. 5,000/ sq. ft.4,000/ sq. ft.

15,000/ sq. ft. 12,500/ sq. ft.10,500/ sq. ft. 8,500/ sq. ft. Food Court7,500/ sq.ft.Multilplex

Parking3,650/ sq. ft.3,600/ sq.ft.3,550/ sq.ft.3,500/ sq.ft.3,450/ sq.ft.3,400/ sq.ft.3,350/ sq.ft.3,300/ sq.ft.3,250/ sq.ft.3,200/ sq.ft.

Panchkula Location Type Area Rate (INR)

Metropolis Mall Sec 32 Retail and Hospitality LGFGF

st1 Fnd2 F

12,200/ sq. ft.13,700/ sq. ft.12,700/ sq. ft.12,500/ sq. ft.

Table: Commercial Projects in Panchkula.

Table: Commercial Projects in Mohali. Copyright © 2007. PropertyVertical.com


Chandigarh Location Type Area Rate (INR)

Centra Mall Industrial Area Retail Mall 400- 6000 sq. ft.GF

st1 FSF

19,000/ sq. ft. 16,000/sq.ft.10,000/sq. ft.

Commercial Projects in Chandigarh :

Table: Commercial Projects in Chandigarh . Copyright © 2007. PropertyVertical.com

Commercial Projects in Mohali :

Commercial Projects in Panchkula :




Commercial Projects

2,000

Centra Mall Mall Matrix Industrial Zone Commercial Zone Residential Metropolis Mall

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

0

Chandigarh Mohali Punchkula

Rat

/q

ft in

NR

e S

I

Commercial Projects in Chandigarh tri-city

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Source of Information Our Addresses


! Property Dealers in Chandigarh Tri-city and Suburbs

! Chandigarh Tri-city and Suburbs

! .propertyvertical.com

Builders/Developers in wwwW

Chandigarh Office:SCO - 58 & 59, Level 2, Sector 34 A, Chandigarh, India.Ph:0172-5017354, 5088814

Source of Information

Our Addresses

Delhi Office:#155, Level 2, Lane-4, Mahipalpur Ext. New Delhi- 37, IndiaPhone: +91-11-55094144

US Office:115 Broadway, Suit 1304New York, NY, 10006Phone: 201-484-0468

All material presented in this report is intended for information purposes only and has been compiled from sources deemed to be reliable. Though

information is believed to be correct, it may be subject to errors, omissions, changes or withdrawal without notice. Property Vertical does not warrant

or assume any legal liability or responsibility for the accuracy and completeness of any information.

Copyrights 2007 Online Real Estate Pvt Ltd.

For more information of this report please visit www.propertyvertical.com.

Email report author Ritu Sharma at [email protected] with questions or comments

About PropertyVertical.com

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purchase, rent, lease to advisory services and transaction management of residential, commercial, land, hotels, etc. in

any part of India. With an extensive database, latest updated information, authentic and reliable research analysis,

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