The Indian Suntec City Plots

By: The Indian Co-op House Building Society Ltd. in Mullanpur

About Project:. The Indian Suntec City Plots is an ultimate reflection of the urban chic lifestyle located in Mullanpur, Chandigarh. The project hosts in its lap exclusively designed Residential Plots, each being an epitome of elegance and simplicity.

About Locality:. Located at Mullanpur in Chandigarh, The Indian Suntec City Plots is inspiring in design, stirring in luxury and enveloped by verdant surroundings. The Indian Suntec City Plots is in troupe with many famous schools, hospitals, shopping destinations, tech parks and every civic amenity required, so that you spend less time on the road and more at home.

About Builder:. The Indian Suntec City Plots is engineered by internationally renowned architects of The Indian Co-op House Building Society Ltd.. The Group has been involved in producing various residential and commercial projects with beautifully crafted interiors as well as exteriors.

Units and Interiors:. The Indian Suntec City Plots comprises of Plots that are finely crafted and committed to provide houses with unmatched quality. The Plots are spacious, well ventilated and Vastu compliant.

Amenities and security features:. The Indian Suntec City Plots offers an array of world class amenities such as Plots. Besides that proper safety equipments are installed to ensure that you live safely and happily with your family in these apartments at Mullanpur.

Mullanpur, also called New Chandigarh, is a small town on the outskirts of Chandigarh. It gets its name from Garibdass, who founded the town. It’s an upcoming area, with many progressive planned developments like non-polluting industries and world-class hospitals.

Greater Mohali Area Development Authority (GMADA) has designated Mullanpur as an eco-city. Plot allocation and land acquisition is already underway. The town will be made up of 32 villages. Besides the GMADA, other developers like DLF, Omaxe, and Altus have also initiated large projects here. It’s going to be a low density development region with around 1000 people per acre.

Connectivity and Transit Points

Mullanpur is connected to Chandigarh by DLF Mullanpur Road and Kurali Chandigarh Road.

Mullanpur’s proposed road networks are being planned keeping in mind development over the next 50 years. Four major roads will connect the town with Mohali, Chandigarh, Panchkula, Zirakpur, Baddi, Kharar, Sirhind, and the Mohali airport.

Two metro stations and one junction are set to come up in the area. This metro system will be connected to the planned Chandigarh Metro, which is expected to be operational in 2018.

While the nearest railway station, Chandigarh Junction, is around 17 km away, Chandigarh Airport is at a distance of 19 km from here.

Currently, most transit points are located in the main Chandigarh area, with a few bus stops in the Mullanpur area.

Major Landmarks

•   Dhanas Bus Stop
•   Botanical Garden
•   Shiv Mandir
•   Army Area

Factors for Growth in the Past

The main factor fuelling growth in Mullanpur is the proximity to the city of Chandigarh and its satellite towns, many of which are close to reaching the saturation point, both in terms of population and real estate. With land prices soaring in Chandigarh, Mullanpur is quickly becoming an attractive option for developers and investors alike.

Residential and Commercial Market

Residential Market Trends

The real estate market in Mullanpur is dominated by independent houses and flats. A large percentage of the area is still under development.

Buying price can range from Rs 100 per sq. ft., for plots in Mullanpur , to Rs 30,000 per sq. ft. for premium housing.

Commercial Market Trends

There’s a lot of potential for commercial development in Mullanpur. Buying commercial real estate can cost anywhere between Rs 500 per sq. ft. to Rs 1 lakh per sq. ft.

Major Challenges

Most of the area in Mullanpur is still under development, and will be for quite some time. This means that construction noise and debris might be a problem for people until most of the work is finished.

Transportation might also prove to be a problem since it’ll take some time to set up the public transport systems.

Factors for Growth in the Future

Mullanpur area is a great investment opportunity because of its connectivity and prime real estate. Apart from the GMADA, private developers like OMAXE, DLF, Altus Space Builder, Reliance Group, Ansals, and Rahejas are developing this area.

There’s an ‘edu-city' and a ‘medi-city’ in the works as well, which will bring reputed institutions to the town. Companies like ARK Microsystems have already set up offices in Mullanpur and more are likely to follow.

The introduction of the planned metro system and roads will ensure that Mullanpur is very well connected, making it a premium location.