Real estate developments in Dera Bassi
Dera Bassi is a city in Punjab, situated near the boundary of Himachal Pradesh, Union territory of Punjab and Haryana. It lies under the jurisdiction of the Mohali district and is located at a distance of about 20km from the capital city, Chandigarh.
Connectivity
Dera Bassi lies in close proximity to the Ambala-Chandigarh Expressway and is well-connected to the National highway 73, which makes it easily accessible from almost all the regions in and around the state. Buses ply frequently to and from the place, making transportation easier for the commuters. The Chandigarh railway station lies at a distance about 17km from Dera Bassi.
Social Infrastructure
Dera Bassi is one of the best upcoming market areas in the state and has been witnessing rapid growth across educational, residential real estate and retail sectors. The region is famous for its educational institutions in and around, which include Lord Mahavir Jain Public School, Guru Harkrishan Public School, ATS Valley, Longowal Polytechnic College and National Dental College.
Orthomax Hospital, Civil Hospital, Chandra Hospital and Sri Sukhmani Multispeciality Hospital are some of the well-known hospitals in the locality. Dine-out options in the locality include Hotel Saugaat Regency, Paras Hotel, Hotel Sartaj and Jyoti Hotel.
Residential projects
The residential real-estate sector in Dera Bassi has been developing rapidly, and faces competition from similarly priced areas like Kharar-Landran, Mullanpur.
Most of the residential projects in the area offer 2 and 3 BHK apartments. Some of them are SBP Housing Park by Singla Builders and Promoters, Silver City Themes by Silver City Group of Companies, Omaxe Greens by Omaxe Construction Ltd. and Rosewood Estates by Gupta Builders and Promoters, in Dera Bassi. Gulmohar City Extension by Raglan Infrastructure Ltd. offers 4BHK apartments, in addition to 2 and 3BHK apartments.
Size and price of apartments
The size of 2 BHK apartments in Dera Bassi vary from 1150-1300 sq.ft, and the price ranges between 25 lacs to 29lacs. The sizes of 3 BHK apartments range 1700-1800 sq.ft, and the sale price ranges between 35 lacs to 45 lacs.
Rental values of apartments vary from Rs.500 to Rs. 6500 for a 2BHK apartment, per month. A 3BHK apartment’s rental value ranges about Rs.12000 to Rs.14000 per month.
Price Trends
At present, multi-storey apartments are sold at an average price of about Rs.2,680/sq.ft. The rental value of multistory apartment at Dera Bassi is about Rs.6/ – Rs.7/sq.ft. The area witnessed an appreciation of about 5-6% in the sale price of multi-storey apartments during the third quarter of 2013, when compared with previous quarter.
