New Chandigarh setting new Trends in Real Estate Market

Looking at the trend of settlers in Chandigarh and Mohali, GMADA took the plan of setting up a new ‘intelligent city’ neighbouring the very city beautiful. Known as New Chandigarh it has been planned well by the government and will be self-sufficient.

New Chandigarh setting new Trends in Real Estate MarketSeeing the recent development in the cities of Chandigarh and Mohali, The greater Mohali area Development association in 2007 appointed Jurong Consultants Private Ltd. Singapore to develop a new township of Mullanpur. The city has been named as ‘New Chandigarh’ in the Punjab Regional & Town planning & Development Board meeting held on 28-5-2013. New Chandigarh has come up with an aim to rise in a distinctive manner and self-sufficient manner.

The New Chandigarh Area is bound my Chandigarh and Mohali and has an area of approximately 15,000 acres. The area is comprised of 32 villages, that are scattered over the area and the largest of these is the historic Mullanpur village. There is a 140.8 ha area that is restricted and dedicated to military purposes.

In June of 2014, Deputy Chief Minister Sukhbir Singh Badal gave orders to approve the Presentation that gave the outlook of the entire city and its development. New Chandigarh will soon have a ‘Green necklace of nature trails, bicycle paths and water front’ which would ensure that the city in recognised as one of the best planned cities in the world. Creation of a hectare lake has also been planned.

The city is called ‘Intelligent city’. With no poles to carry wires and cables the city will be low carbon emission city with residential areas. To aim is to also make it more green than the city beautiful Chandigarh and thus the consultants were asked to make plans to increase green cover around the sectors.

33% of the total area of New Chandigarh will be made up of green spaces. 900 ha of the land will consist of parks and open spaces. 250 ha additional area is for recreation and tourism. In the south-western side of New Chandigarh land has been left out for sports recreation zone. Here, sports stadiums, grounds and golf courses might be built. 27% of the area is dedicated towards residential use. A metro station has been planned to be set up in the area in future.

The proposal is to have service oriented industries in New Chandigarh. 3-5 % of the total area of New Chandigarh has been planned along the south of the residential area.

The roads in the area of New Chandigarh will cost around 1,750 crores. The roads will connect the area to UT and even to the road connecting it to Himachal Pradesh. At present there are 6 lanes present with 22.5 feet service roads being constructed. In the proposed roads to be constructed the road that starts from Slamatpur to UT boundary will cost around Rs. 325 crores.

It has been estimated that two number 220 KV sub stations will be required to full fill the electrical needs of New Chandigarh. 300 crores has been estimated as tentative cost for this. For the next 25 years 400 MW load will be taken by New Chandigarh.

Water supply, sewerage and storm water drainage system will cost 400 crores, 160 crores and 180 crores respectively. There will also be sewerage treatment plant installed exclusively for new Chandigarh. This clearly would make it self-sufficient and the development of the newly structured Chandigarh will be easy with all the provided resources.

Punjab election commissioner, Shivender Brar and DGP SS Saini are among those VIP’s wh have land in the New Chandigarh locality. Deputy CM also owns 30Kanal, 8 Marlas in the surrounding villages along with the Kairon family who have 22 Acres and 5 Marlas there.

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