Construction Industry News
Punjab-based real estate developer Motia Group has launched Motia’z Gill Estate, a freehold residential and commercial plots project, on NH 205, Chandigarh- Ropar Road, Kurali. Spread over 21 acres, the residential and commercial township offers different variants in the varying sizes of 75 sq.yd , 100 sq.yd, 120 sq yd, 135 sq yd and 175 sq yd.
Plots and floors have traditionally been buyers' first option in India; demand has surged and is expected to continue strong. The fundamental reason for planned development's popularity is the flexibility it provides and the immediate high appreciation it promises, as land value never decreases.
Strategically located, the township is around 15 minutes from Chandigarh, 25 minutes from Airport, 5 minutes from Kharar, and 8 minutes from ISBT Mohali. The gated community will have 24x7 security, sewage treatment plant, well-lit roads, water storage tank, bore well, rain/flood water harvesting, multiple green parks, and 40 feet wide internal roads. The main entrance of the township is through 60 feet wide road, and there is 70 feet wide parking in front of the commercial units.
The demand is primarily due to the inherent nature of these developments to help the owners follow the new norms of living that kicked in recently. “These colonies, if created by reputable developers, provide the best of amenities in addition to the normal flexibility that such abodes provide. The prospect for high profits in places where infrastructure is being built is also causing buyers to jump at the chance,” says LC Mittal, director, Motia Group.
“Plots in townships give the best of both worlds - an independent housing unit and the benefits of community living,” Mittal says of the main aspects of plotted projects. “Despite the current growth in multi-story structures, most Indians aspire to own their own independent home,” he adds.
