Category Archives: about mohali

Process of Home Repayment- Mohali

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When you are planning to buy a house, it is very important to choose the right mode of payment, the most difficult part in buying the house is the payment plan, because of which investors back out from purchasing a house. Whenever you are planning to buy a property in mohali, it is very important to discuss the various modes of payment with the builder and understand them very carefully to avoid any further confusion after you bought the house. In India the popular modes of payments are:-

Road of Mona City Project

  • Down payment plan.
  • Construction linked payment plan.
  • Felix payment plan.
  • Time linked payment plan.

Let`s analyse these plans in details

Down payment plan:- Under this plan generally to have to submit 10% of the total amount at the time of booking, 80% payment within the next 60 days and the remaining amount at the time of possession, however the thing to keep in mind here is that when you are making the final payment it is not just the remaining amount you have to pay but also 5% of the total amount as stamp duty for registration, property taxes, society maintenance charges, club house charges, parking charges any other charges applicable and payable at the time of possession.

Construction linked plan:-

Under this plan at the time of booking you have to pay 10% to 12% of the total amount, rest is payable in different stages which is linked to different stages of construction, the moment construction reaches a particular stage you will get a demand note for payment generally it is around 20%. This plan is beneficial because it is linked to the performance of the builders in mohali, however the loan gets a bit costlier simply because till the time you get the final possession of your house you only have to pay the interest of the loan amount and the actual repayment starts only after possession hence the term of the loan gets longer and becomes expensive.

Flexi payment plan:-

This plan is a combination of the both Down payment and construction linked plan, under this the buyer needs to make one third payment of the total amount and the rest is paid according to different stages of construction, the remaining amount is paid at the time of possession.

Time linked payment plan: –

Under this plan bank loan is taken and payment made according to a specified time and made proportionately, however the biggest risk here is that if there is delay in possession of the house, it affects your repayment plan in this scenario it is important to calculate how much interest you will further incur and how much can you save.

It is imperative that you do not invest in any property without properly studying various payment options, prepare yourself beforehand on down payment, EMI, possession date given by the builder and you will end up making a smart deal.

Changing Face of Real Estate in India

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Presently, India is the fastest growing economy with 7.5% growth, when most of the global economies are exhibiting a slowdown. Hence, with the largest youth population, India is projected to be running the race, overtaking all the emerging economies at least for the coming fifteen years. But, with a huge number of people without basic facilities, it announces the importance of embracing them also into the clutch.

The Indian real estate market indeed has a vital role in opening up the future avenue for the country’s economy. As a large population sleeps on streets and many stay without proper accommodation, the construction sector would be the one that has the potential to drive India a developed country. Blessed with a handsome number of working population, we can concentrate on the construction and related real estate sector. Regarding employment generation, real estate stands second to agriculture. Moreover, the other linked industries like steel, cement and brick, transport etc. are significantly getting benefited by this growth. Roughly, 5% of India’s GDP is being contributed by this sector, and it is estimated to touch 6% in the coming five years. Due to all these positive features, it is highly potent to pull more foreign investments.

Mona City-Central View

When all the developed countries have reached saturation point with well-built housing complexes and office site, there is not much scope for real estate boom in such countries. But, in India, considering its vast land area and huge population, the high possibility of this sector makes us think about its importance in the topical scenario, and we all have to run the marathon to get the trophy.

For tapping the sumptuous working human resource, most of the multinational companies are fixing their foot in India. Hence, a lot of IT based and other official complexes are expected to grow exponentially. Moreover, India is moving towards an organized retail culture, unlike previous days. This requires additional land space. Real estate companies can meticulously utilize the space for the construction of these. Now, for achieving all these, Indian real estate markets are declaring its presence in tier-1 and tier-2 cities also. Almost 80% of the real estate market in India occupies residences, and the remaining is covered by offices, hospitals, schools, shopping malls and other public spaces.

Now, the real estate companies could also take part in the government’s initiative of accommodating all within four walls by 2022, Housing For All project, thereby making the job easier for the government. With the new government’s policies, the market price of houses and flats has come down, which has become an attractive factor for the buyers to come forward. With the relaxed tenets in the policies, buyers are feeling more secured and confident, regarding registration and other processes.

It is estimated that by 2030, approximately 600 million people will live in the cities. Therefore, affordable housing has become a huge demand. But, the industry has a large gap to meet. Taking the demand and the current infrastructure into consideration, real estate sector has a titanic job to accomplish.

Read More : Real Estate Blogs

India, a treasure island in real estate market

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The real estate market is booming day by day than ever. People show a particular kind of interest in dumping their money in real estate. Though there are several options for investment, property stays as their first preference. As it is flourishing every day, more investors are coming forward to find their fortune in real estate to obtain capital profit and regular cash flow.

green home in mohali

As per a recent report released by Price Waterhouse Coopers (PwC) Pvt Ltd, India is favored among other nations in the Asia Pacific in the real estate market. Keeping in view of India’s track record with an almost consistent economy, which is not much affected by the global market fluctuations, most of the foreign investors find it lucrative to bank their money in real estate sector. Strong growth, reform push, stable currency etc. too add up to the story.

In just last one year, overseas fund has amounted around 50% of total investment in India. Year after year, the tendency of foreigners to invest in Indian economy is escalating. This can be attributed to some of the favorable and liberal measures adopted by the government in the recent past. For example, reducing minimum size of built-up areas in foreign direct investment linked real estate projects to 20000 sq.m from its earlier requirement of 50000 sq.m. This has become an attracting factor for the foreign money to flow into Indian peninsula. A fair knowledge in Foreign Exchange Management Act (FEMA) and Income Tax Act will help Non Resident Indians in taking intelligent decision in making real estate investment, taking into consideration of the laws that affect the respective sector.

There are various benefits attached to investing in real estate like leverage, appreciation, tax benefits and capital growth. When looking at the advantage of renting or buying a flat, many people prefer buying an apartment as it can increase the net profit through appreciation. Like residential area, demand for industrial plots too has increased in the recent past in India. This mentality has been meticulously utilized by many real estate companies like Mona Townships in Mohali, by providing commercial spaces.

The organized real estate scenario in the country helped in attracting more FDI inside. When major economies are displaying a slower growth, India, with its exceptional performance, is perceived as a bright spot, pulls most of the investors into its clutch. Moreover, it is less vulnerable to currency shocks and has adequate foreign reserves. All these factors made foreign investment to flow into India.

Overview of HIV/AIDS in Punjab (Till April 2015)

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PUNJAB STATE AIDS CONTROL SOCIETY

National AIDS Control Programme in Punjab

India:

  • Estimated HIV/ AIDS cases in India 2.08 Million
  • Estimated adult HIV prevalence 0.27 %

(Male- 0.32%; Female- 0.22%)

Punjab:

  • Estimated adult cases in Punjab(PLWHA) as per Estimation 2011 31,961

  • Estimated adult HIV prevalence 0.18 %

  • HIV Positive Cases Reported (1993 to April 2015) from 45948

(Integrated Counseling & Testing Centres- ICTC)

  • HIV Positivity (1993 to April 2015) in ICTC 1.63%

  • Total Patients registered in HIV Care till April 2015 34819
  • Total Ever started on ART in Punjab till April 2015 21587

  • Currently on ART in Punjab till April 2015 15575

  • Cummulative no. of deaths on ART till April 2015 4221

  • Number of licensed blood banks 102

(Govt. -45, Private-52, Military-5)

  • Number of BCSUs 45

  • Number of ICTCs 371

(112 Stand Alone, 3 FI ESI, 2 PPP, 191 CHC/PHC, 24 MMU, 3 TB Sanitorium, 36 FI PPP)

  • ART Centres (Amritsar, Jalandhar, Patiala, Ludhiana, 09

Pathankot, Bathinda Ferozepur, Hoshiarpur and Tarn Taran)

  • Link ART Plus Centres (Rupnagar, Sangrur & Moga) 03
  • Link ART Centres

(Kapurthala , Fatehgarh Sahib & Faridkot) 03

  • ART Plus Treatment Centre, Amritsar (Designated) 01
  • FI-ART Centres (Batala) 01
Aids In Punjab

Aids In Mohali (Pic. Source: (TribuneIndia.com)

 

Since Inception District Wise HIV Data (Till April 2015)

District

Tested for HIV

HIV Positive

% age Positivity

Amritsar

387437

12372

3.19

Barnala

60128

372

0.62

Bathinda

134691

1699

1.26

Faridkot

68769

1345

1.96

Fatehgarh Sahib

49353

400

0.81

Fazilka

39265

203

0.52

Firozpur

89210

1131

1.27

Gurdaspur

163781

2390

1.46

Hoshiarpur

148355

1527

1.03

Jalandhar

170378

4847

2.84

Kapurthala

90001

992

1.10

Ludhiana

397391

5241

1.32

Mansa

71706

470

0.66

Moga

70092

1128

1.61

Mohali

118168

583

0.49

Muktsar

67192

337

0.50

Nawanshahr

51736

677

1.31

Pathankot

28266

307

1.09

Patiala

283188

5955

2.10

Rupnagar

104398

1004

0.96

Sangrur

136773

1265

0.92

Tarn Taran

86453

1703

1.97

State Total

2816731

45948

1.63

 

Overview of HIV/AIDS in Punjab

PUNJAB STATE AIDS CONTROL SOCIETY

National AIDS Control Programme in Punjab

 

2008

2009

2010

2011

2012-13

2013-14

2014-15

2015-16 (April)

INDIA

Estimated HIV/ AIDS cases in India as per Estimation

2192511

2141706

2106227

2088642

Estimated adult HIV prevalence as per Estimation

0.31

0.30

0.28

0.27

PUNJAB (Cummulative)

Estimated cases in Punjab (PLHIV) as per Estimation

25320

27252

29491

31961

Estimated adult HIV prevalence as per Estimation

0.16

0.16

0.17

0.18

Total tested in ICTC ( 1993 to April 2015)

 

2816731

Total Detected HIV Positive in ICTCs (From 1993 to April 2015)

45948

HIV Positivity (1993 to Dec 2015) in ICTC

1.63

Total Patients Registered in HIV Care in Punjab

34819

Ever Started on ART

21587

Currently on ART

15575

Cummulative no. of deaths on ART

4221

 

2008-09

2009-10

2010-11

2011-12

2012-13

2013-14

2014-15

2015-16 (April)

ICTCs (Interated Counseling and Testing Centres):

 
No. of ICTCs

73

148

168

211

224

272

367

371

Total no. of Cases tested during the year

167307

228207

277678

348445

430833

502289

516119

54081

Total no. of Cases detected Positive during the year

4954

5351

5433

5387

4863

4537

4509

503

HIV Positivity in ICTCs during the year

2.96

2.34

1.96

1.55

1.13

0.90

0.87

0.93

Total no. of ANC Mothers Positive during the year

184

182

244

280

275

260

196

21

No. of Positive Deliveries

89

102

308

356

234

252

154

10

No. of MB Pair given

79

93

141

208

195

133

49

4

% age of MB Pair

88.76

91.18

45.78

58.43

83.33

52.78

31.82

40.00

ART (Anti Retroviral Therapy Centres:

No. of ART

3

5

6

6

7

7

9

9

No. of Link ART

2

5

6

7

4

4

4

3

No. of Link ART Plus Treatment Centres

 

 

 

 

2

4

3

3

No. of FI-ART Centres

 

 

 

 

 

 

 

1

No.of ART Plus Treatment Centres

 

 

 

 

1

1

1

1

Total Patients registered in HIV Care during the year

4119

4443

5231

5024

4897

4639

3602

359

Total Ever started on ART in Punjab during the year

2382

2609

2958

3064

3725

3011

2504

299

Total no. of patients currently on ART during the year

1729

1569

1713

1952

2272

2434

1532

220

TIs(Targeted Intervention):

No. of NGO TIs Projects

24

31

50

57

62

69

69

66

Typology Wise Distribution of Tis (Operational)

FSW (Female Sex Worker)

3

6

8

11

12

16

16

14

MSM (Men having Sex with Men)

0

0

2

2

0

0

0

0

IDU (Injecting Drug User)

7

11

19

20

24

24

24

23

Truckers

0

3

3

3

4

5

5

5

Migrants

4

2

14

3

3

4

4

4

Composite

10

9

4

18

19

20

20

20

HRG Coverage

Coverage Target

Achievement with percentage

FSW

20200

19377

96%

MSM

10750

8924

83%

IDU

12500

13345

107%

Migrants

65000

66435

102%

Truckers

35000

9011

26%

STD (Sexually Transmitted Disease):

No. of STD Clinics

22

23

24

26

28

29

31

31

No. of patients attending STD Clinics

39655

55554

53911

54800

58691

61326

78600

6867

BB (Blood Bank):

Number of licensed blood banks

93

93

96

96

97

99

102

102

Number of Blood Component Separation Units

22

25

31

32

36

36

42

45

Total Collection in all BBs

307222

312864

340186

371266

388717

386980

414651

28491

Voluntary Collection in all BBs

89303

129642

185714

219479

247172

242585

282794

20217

% age VBD in all BBs

29.07

41.44

54.59

59.12

63.59

62.69

68.20

70.96

Total Collection in Govt. BBs

145491

148443

169821

183512

199102

190078

206815

12683

Voluntary Collection in Govt. BBs

63483

86173

118460

143539

163391

154134

183911

12246

% age VBD in Govt. BBs

43.63

58.05

69.76

78.22

82.06

81.09

88.93

96.55

Source Data From : http://www.punjabsacs.org/overviewHIV.aspx

Housing ministry sets tougher builder norms

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property in mohali

Property in Mohali

People waiting to get possession of their houses may get is sooner than expected, the housing ministry went ahead and said okay to tougher builder norms and accepted the parliamentary committee recommendation on the real estate bill that prohibits developers from diverting more than 50% of money collecting from the buyer to other projects.

The ministry also said that the panel recommendation to empower the state governments to impose stricter guidelines for the developers and see that the developers are not going against the norms, the housing ministry has accepted and agreed to all the recommendations made by the panel, comprised of 21- member select Rajya Sabha committee.

The ministry will go to the cabinet very shortly to the cabinet to get the changes approved so that the bill is presented in the parliament in the winter session. One important recommendation that was accepted is a provision that all projects over 500 sq mt must be registered with the proposed real estate regulator. Earlier the provision was for 1000 sq mt. The interest rate paid by the developer in case of default however stays the same. Real Estate observers and experts feel that these recommendations will go a long way to protect the home buyer`s interest and will further give a boost to the industry and encourage investments.

The government in turn will have to see that the projects are not stuck up in red tape and there are no unnecessary harassment and delay for the developer. This bill which was in cold storage since 2009 covers both residential and commercial projects and there is also a proposal to set up a real estate regulator. Developers will have to submit all the details of their projects like plans, project delivery time schedule, and status of all the mandatory approvals required etc.

If the developer fails to comply with these guidelines there would be a penalty of 10% of the total cost of the project. If the developer violates these guidelines again there would be again a penalty of 10% of the project cost and there could be a jail sentence for the developer.

Read Blog , Click Here  About How to Save Tax Buying Home

REIT Can Change Market ?

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Lankness of capital is very problem in real estate and it is one way that we can remove this big problem, it is REIT means Real estate Investment trust. This type of projects helps your funding issue in commercial project and as well as investments too. Lots of real estate market expert  will thing about this is good in India or not.

REIT Investment in India

REIT Investment in India

In 2014 Finance minister Mr. Arun approved this project. Because in India lots of small business ruining there and they want to grow in there sector but the lankness of money or capital they can not do any things.  And India have biggest young mans , they can do very best for his country but they need a chance and they want a capital from stated this business. In real estate all matter of Capital and REIT remove your problems.

 

 

REIT like nectar for real estate. And it is control black money in real estate. 

REIT Very successful in America, and it is established in 1960.

What is effect   of REIT?

Main effect of REIT may be commercial property get down in rate. And you can buy your office space with best rate.

Travel And Tour Around Mohali

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One of the prime reasons that keep humans involved with the universe. If it wouldn’t have had been for traveling the sole purpose of the universe will cease to exist. They give us reasons to explore a whole new dimensions of reality be it a new place, experiencing new culture and people comprehending lives in various forms. One can’t always be get along with the monotony schedule of life. Change is always welcome and it is as imperative as we need to earn money for our living. The importance of change once in a while in our daily routine is culminated with lots of benefits. Monotony schedule may lead to frustrations and then they only take a toll over your work life and personal life. Both of them are directly proportional to each other one is affected the other begins to have its own set of side-effects. Both of these hold prime importance in the lives of human beings. It has been tried and tested that thoughts define the personality of human beings and if thoughts are not moving in the right direction then they take a massive toll affecting your mindset as a result affecting your work-life and personal life. The more refined the thought is the better the personality. That is why once in a while it is highly recommended that taking a break from the monotony schedule which is considered a healthy step towards yourself and your lifestyle.

Travel And Tour Around Mohali

Chapar Chiri , Mohali

For tourist place in mohali Click Here.

Railways

Travel may not always mean that one needs to go on a vacation. There are times when work call to gorge over the the clients needs. There are times when we have go to meet our relatives. Sometimes for wedding and there are just thousands of reasons involved behind traveling. The mediums used for traveling also a huge impact on the moods of a traveler. There are many who are not comfortable with open skies some are prone to seasickness so they hate traveling via water. Many people have their own reasoning. There are many modes to travel via flights, on road, via sea. Not every place can have accessible to all kind of routes. Mohali has access to all the modes except the sea. Railways which is just 21.1kms with thirty five minutes drive from the J90 complex. This is very good if your commercial property find here raliways station.

Traveling via trains have its own charm and best if traveled with family. All of them are gathered together in one cabin, this is the time when they get along with each other endlessly. Get over a long over due chat that was missed all due to the long working hours and tight schedules. If travelling alone, the other families too make a great companion. Its a comfortable journey where you can sleep, relax and get over a chat. However, the trains from Mohali runs through Chandigarh.

The trains running from Chandigarh which is only 21.1 km from the complex.

As seen in the chart there are many places from Chandigarh itself which has a direct connectivity to many hill station and other prominent cities all over India. These connectivity have a huge impact for the residents living in Mohali. For business people who would like to visit the cities for their Business Transactions the Chandigarh trains connects itself to many other cities.

Lets have an exhaustive list of the many cities and states that the Chandigarh station is connected to and a brief about the city.

  • Dibrugarh known as the tea city of India is located in Assam

  • Varanasi also known as Benares is the Indian city on the banks of Ganga is located in Uttar Pradesh

  • The capital city of India, Delhi

  • Madgaon also MAO is Goa

  • Amritsar in Punjab also known as Ramdaspur

  • Ajmer is the 5th Largest city in Rajasthan

  • Allahabad also known as Prayag and Ilahabad in Uttar Pradesh

  • Trivandrum also known as Thiruvananthapuram is the capital of the state Kerala

  • Madurai is the major city in the state Tamil Nadu

  • Formerly known as Bombay now Mumbai the capital city of Maharashtra

  • Una although in Himachal Pradesh but is located in Punjab region of Indian sub-continent

  • Shri Ganganagar is the planned city of Rajasthan state

  • Kalka situated in Panchkula district, Haryana. The name is derived from the goddess Kali.

  • Ramnagar is a small town in Nainital district of Uttarakhand

  • Haridwar is an ancient city situated in Uttarakhand

  • Howrah known as the Industrial city in West Bengal

  • Kolkata formerly called Calcutta is the capital of West Bengal

As seen from the list above the train connects itself to the North, the South, the West and the East of India. It is covering almost all the states of India. One looking to go on for a pilgrimage to Haridwar or even towards the south, the trains are directly connected to the specific place. Making the lives of the worshipers a cake walk. Families longing to travel, Himachal Pradesh is the most sought after place for vacation because this state is known for its hill stations like Shimla, Dalhousie, Mcleodganj, Kufri, Khajjiar, Chail, Rohtang Pass, Kullu, Manali amongst others. At one go there are so many hill stations that are names. Moreover the states Punjab and Himachal Pradesh are connected so the families looking for a vacation at the hill station won’t have the need to wonder around. Working men and friends looking to vacation during the extended weekends there can be just no better option for the people living in Mohali. The Hills station it seems is just next door. Impromptu Trips to the hills station too can be planned for they are not very far away.

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