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In a move to provide affordable housing Punjab plans to develop Mohali and New Chandigarh as model cities. Addressing some of the leading real estate Mohaliflats Deputy Chief Minister Sukhbir Singh Badal said that real estate in Punjab is on the rise and New Chandigarh being set up adjacent to Chandigarh and Mohali would be developed as Model Cities. He also added that holy city of Amritsar would be developed as a model city in the next two years and the same will be replicated in other cities of Punjab with world class infrastructure like roads, sewerage, portable drinking water, beautification, landscaping, creation of green belts etc. He further emphasised on the potential investment opportunities in Punjab, he said that the upcoming New Chandigarh and Greater Mohali area will give the necessary boost and pace to economic growth and development of the state. The Government of Punjab is thinking of giving added incentives to developers builders who would be constructing complexes along landscaping, green belts, providing environment friendly solutions, solar energy, attractive entrances and a healthy living atmosphere. Laying stress on the need to build affordable houses/flats/apartments, Deputy Chief Minister Badal said that it is the need of the hour to build such houses in various group housing schemes so that the common masses of the state will be facilitated at large. Badal said these should be constructed with quality work to witness development having all necessary amenities and maintaining environment, pollution norms. With these announcements Deputy Chief Minister gave indications that his government is serious about development in the state and he is willing to the go the extra yard to give boost to developers to initiative in this effort of creating smart cities which will be replicated across cities in India. A home is certainly not one-size fits all kind of deal. It’s more than that as you put your life-long investment in the home- the home which is meant to witness next generations. Among innumerable factors deciding the overall worth of your sweet home, location is the chief factor that defines everything further. If you have decided to invest in the real estate sector of Mohali, it’s quite obvious that you must be familiar to the pros of this location. Corporate advancement, expanded stadiums, good lifestyle and green belt have definitely made the city most favourable among investors. Well, the best point in your kitty is that Mohali is bustling with a number of eminent and trustworthy real estate developers who streamline their services as per the government’s norms and policies. Not only they stay abreast of the latest trends in the real estate market but also stay transparent to their clientage at every step. ,Besides the fact that all the favourable points are in your kitty, a sound knowledge of real estate sector never hurts rather it keeps you one step ahead of others. If you’re looking for a reliable real estate developer, the below mentioned points will certainly help you build your dream home with utmost ease and transparency. Ask yourself the below mentioned questions while looking for real estate developers. For how long the real estate developer has been into this business? An immense experience in a particular industry is a proof that the veteran has in-depth knowledge of the field and he can utilize this very knowledge in giving you an extra edge over others. A real estate developer gets to learn a number of things from his previous projects. Thus, it’s always wise to rely upon an experienced real estate developer for your home. Status of his current clients. How satisfied are they?, It has surely to do with your contentment level. A good real estate developer can never compromise with his reputation as any word that spreads about him in the market can go a long way in making or breaking his business. Yes, a developer is just few words away in the path of making new clients. Ask for his license Never ever go with a real estate developer that doesn’t own a license to develop residential spaces. The two alternatives available to you in this kind of situation are i.e. either you can go with the one who is the member of Confederation of Real Estate Developers’ of India or the one who has approvals from the licensing authorities. Is the project free from any legal hassles? A project stuck in any legal trouble can delay your project for years. Before agreeing to signing any project, the first thing to do is to get assured that a particular project is free from any kind of legal hassles. Never forget to check all the significant documents related to the project. Moreover, it also has to be checked that a particular real estate developer has sufficient funds to carry on the project since it can also lead to delay in your project. Is your real estate developer wary of the key provisions of RERA Last but not the least, a real estate developer that stays abreast of the current provisions and trends of real estate market can never let you face any problem as he already knows the importance of documents that have to be given before commencing a project and after the execution of any project. Providing every document at time hardly interrupts with the consistency of any project.
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