New Step by Step Map For Acre and Acres
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New Chandigarh, located in the vicinity of Chandigarh is set to emerge as next real estate destination. Ireo is the first and the largest Private Equity Fund dedicated to the Indian real estate sector. Is currently developing Fairlakes(Wave Estate), a 242 acre mega township project comprising of 750 luxury villas, condominiums, 1.6 million sq. ft. of retail and commercial developments.
The Indian Express had first reported on October 19, 2013 about the allotment of the industrial plots to those allegedly linked to the ex-CM, including the widow of his nephew, the son of his secretary, the daughter-in-law of his OSD, and the son of a close aide.
The AO mentioned that the Hon'ble Supreme Court has further discussed the test of intention and in cases where me purchase has been made solely and exclusively with the intention of resale at a profit and the purchaser has no intention of holding the property for himself or otherwise enjoying it or using it, the presence of such intention is a relevant factor and unless it is off-set by the presence of other factors, it would raise a strong presumption that the transaction is adventure in the nature of trade.
Out of that 8 are one kanal and 60 are ten marla plots. Those looking to buy property in older sectors of Panchkula have been offered a golden opportunity by HUDA. (i) Above land has not developed get more info into any plots and roads. Lately, there has been a great surge in prices for plots in Chandigarh, Panchkula, Mohali and Zirakpur, Derabassi, etc.
The AO has clearly brought on record the fact the land was purchased at low prices from marginal farmers and sold within a short interval of time co industrial houses for earning huge profits. We are one of the prominent service provider of real estate properties for commercial and residential establishments.
These plots will be offered through draw of lots and are likely to be offered at Rs 12,000 to 13,000 sq yard. Now to build a sheer abode, Sector 12 the heart of city was chosen to entrench Panchkula Eco City. The First Eco-Town of Punjab, the city could provide more space to new development with better planning and is well connected to Chandigarh.
Property dealers and consultants claim that the move will boost the realty market, while also leading to increased revenue for the market. Independent Plots available in 35 acre project in sector 3, Derabassi. For Group Housing Societies in sectors 14 and 20 the rate has been fixed at Rs 3,800 per sq feet.
Flats are in demand not only in Panchkula but in most of the regions. Most of the spaces on Panchkula are equipped with upcoming and ongoing apartments, villas and plots projects of various big and new here premium builders. As a real estate company, we are catering to all the needs and requirements of our clients under one roof - be it sale or purchase of their property, relocation services, investment in properties, property advice, property management, etc.
With a multi-facility clubhouse, proposed wellness resort and other social amenities, it promises a resort-like lifestyle in all of its residential options that range from 3-4 bedroom apartments to villas and plots. Panchkula's connectivity will receive a huge boost from this and the realty value of the city will rise.