Punjab’s first planned eco city, christened New Chandigarh by the State Government, has started to buzz with the major real estate developers and housing societies, which have a sizable presence in the area, starting their development work.
Reinforcing its commitment to deliver on time, the market leader, DLF, has also started onsite development work in its premium integrated township project, “Hyde Park Estate”. The plots of sizes 350 and 500 sq yards were sold within days of launch in this premium township. The company is learnt to have obtained all necessary approvals and is complying with all regulatory guidelines for starting the development activity.
Property consultants say the investors in the Hyde Park Estate have already benefited by almost Rs 4,000 per sq. yard since March this year when the project was launched. A limited number of more such plots in Hyde Park Estate may be offered soon, they add.
Set to compliment Chandigarh in modernity and planning, being developed under a master plan approved in 2008, the New Chandigarh township, with the unobstructed views of the Shivaliks, promises to have state-of-the-art health village, knowledge village and eco-tourism related activities.
The township will also have a slew of recreational facilities like amusement park, spa village, open-air theatres, theme parks and lifestyle hub, including golf course and sports facilities around the seasonal rivulets, passing through the area. All mega projects coming up in the area will adhere to the master plan norms proposed by the consultants to the project, the Singapore based Jurong International.
A visit to the area reveals deployment of workforce and heavy earth moving machinery at the various project sites dotting the region that includes the Hyde Park Estate from DLF, another township and a commercial tower from Omaxe and developments of various housing societies like the IAS society. GMADA (Greater Mohali Area Development Authority) is also readying to launch the first of its urban estates in New Chandigarh.
Some of the developments likely to have a positive impact on New Chandigarh are the proposed Metro project which envisages to connect upto New Chandigarh. This will help build connectivity to Hyde Park Estate of DLF and the other planned projects in the area.
A new cricket stadium planned by Punjab Cricket Stadium at New Chandigarh over an area of 40 acres to replace the PCA Stadium Mohali as a venue for international cricket matches is also to come up in the next two-three years. This will bring New Chandigarh on the global map. The new stadium being much larger will overcome the problems of traffic congestion during matches and also accommodate much larger crowds.
The broadening of the existing Chd-Mullanpur-Siswan road has been cleared by the MOEF. This development should happen soon and shall give definite boost to the Master Plan Area (MPA).
Major road under MPA passing through villages Togan, Teera, Basenpur, Sangala setcor has been decided to be put under secton 4 of Land acquisition.
In a nutshell, it seems to be just the beginning of the buzz, as New Chandigarh seems to have the potential to emerge as “The Destination” in the region
