Sunny Enclave(Bajwa developers) flats in sector 74- A Review

  • Jatinder Singh
    Tue Mar 5, 2013
    Bajwa developers has launched a new set of flats in sector 74 of Mohali. 1,2 and 3 BHK flats are available in the project. The size of various flats are:

    1 BHK-500 Sq. Ft.
    2 BHK-900 Sq. Ft.
    3 BHK-1250 Sq. Ft.

    The flats are priced from 12.5Lacs for 1BHK to 33Lacs for 3BHK. Construction linked payment plans are available which give you the flexibility of making the payment streched over 18months(possession is poised to happen in 18 months).

    Pros:

    The project is by Bajwa developers who have already given possession to atleast 800 acres of land in Sunny enclave GMADA.
    The project is located at very prime location i.e very near to industrial sectors and sector 90, 91(Janta Land).

    Cons:

    Bajwa developers are not well known for their flats. They are known more for their residential land projects. Due to this reputation of theirs, the flats by them dont show much appreciation as compared to their residential land projects.
    The road connecting to the flats is very narrow road and may lead to congestion near the flats in near future.

    In a nutshell, the flats might not be a very good investment opportunity for a small period of time(say 3-4 years) but in long term due to their vicinity to developed mohali, they should give very good returns.
  • Simi Narula
    Tue Mar 5, 2013
    i think sunny enclave not right dicision for investment as per market every person sale the plot there low cost. if you are invest in property u can go kharar side or zirakpur side. preffer to small plot.
  • Simi Narula
    Tue Mar 5, 2013
    What would be your preference if not sunny enclave ?
  • Rahul Gupta
    Tue Mar 5, 2013
    i done know what is the commitment of tdi or emmar, if you are coustomer and you have sign agreement and builder not giving you possession as per contact then you can go cousumer court.
  • Jasminder Bajwa
    Tue Mar 5, 2013
    Regarding the delays, as i wrote many a times that expect a delay of atleast one year when the sector is in Mohali MC. This is mainly how it works in SAS nagar MC. The parts under Kharar MC witness faster possession. I think you dont know the delay that Emaar, TDI, Ansals etc have incurred in possessions. Check these out and you will forgot the delay in possession in Sunny enclave.

    Rest all i have to say is that GMADA is equally to blame for delays as the builders are, if not more !!
  • Manoj Gujral
    Wed Mar 6, 2013
    Sir, what is the present rate of flats if someone wants to invest in right now? What do u suggest? Two 1 BHK or one 2 BHk?
  • Inderjeet Gill
    Wed Mar 6, 2013
    Very true. Bajwa developers is asking for an EDC of Rs 1800/sq yd in sec 123 which is really punishing for the investors. Also from what I have heard that the registry rate which was earlier around Rs 6000/sq yds is being revised to Rs 10000-20000/ sq yds. Final amount has still to be decided. I don't know what impact it is going to have on the market price of the land. On above of it all the final date of registry is not being declared.
  • Jatinder Singh
    Wed Mar 6, 2013
    EDC is not a function of a builder alone. It depends a lot on what GMADA has demanded from them.
  • Simi Narula
    Wed Mar 6, 2013
    2 BHK is cheap acording to market but builder can demand more money then construction work will at peak because as per agreement there is mention EDC charge. like sector 123 there is builder demanding 4 to 5 lakh for EDC at each plot. so kindly read the agreement before purchasing.
  • Prakash Kumar
    Wed Mar 6, 2013
    It is being heard that Bajwa developers have been raided by IT deptt and a large amount of money has been surrendered by them. Do u expect any effects of this event on the development of its projects now?
  • Inderjeet Gill
    Wed Mar 6, 2013
    They have been accepting a lot in cash. This was bound to happen. The progress will definitely be hampered and the most effected people will be the ones who pay by cash because I think that they are gonna stop taking cash after this event.
  • Simarjeet Singh
    Wed Mar 6, 2013
    Sir,

    I have invested around Rs 5 Lakh in 2bhk of sec 74 bajwa developers flat, and now the due date of next installment is coming in the next 10 days. I am afraid of some fraudulent activity from the construction company, because the land where the developer promised to do the construction is still having crops grown over it and no construction has started as yet. Do you think, this is a safe investment?
  • Jatinder Singh
    Wed Mar 6, 2013
    Sector 74 falls in Mohali MC. Expect a delay of atleast one year in possession in case something falls in Mohali MC. Have a look around TDIs, Ansals, Emaar, Unitech etc are running 2-3 years delayed. One of the biggest reasons is being there in Mohali MC. Rest if you think that construction is not upto mark then you can go to their office and ask for the date extension for second installment. They have been cooperating with people in that regard and I think you should get some help in that regard.

    Regarding your safety of investment I will suggest to get a loan for their project. The bank will disburse money only when it sees adequate progress !!
  • Jatinder Singh
    Wed Mar 6, 2013
    Hi Manoj,

    Two BHK costs about 28Lacs now. I would suggest you to look at new sunny plots(Sector 123/124). Plots appreciate much faster in sunny than flats. At similar kind of investments(28 Lacs), you should get a decent location 150 sq yard plot in sector 124.
  • Sandeep Goel
    Wed Mar 6, 2013
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