PreetLand Promoters and Developers Pvt. Ltd.
Registered Office: Site office -Preet City, Near Village – Nanumajra, Sector -86, S.A.S. Nagar, Mohali (Punjab).
Business/ Activity: The company is executing Mega Project at Sector-86, S.A.S. Nagar, Mohali (Punjab) which comprises the development of residential plots in Mohali, SCOs, Group Housing, Commercial pockets, and multiplex business towers to the people at reasonable prices while assuring good quality services at low cost.
As India strides ahead into the new millennium, the seamless Tri-City (Chandigarh, Panchkula& Mohali) leads from the fore. Well connected to entire North India and especially to the Capital of India, at New Delhi, it is one of the key destinations of India.
Mohali City is located strategically contiguous to Chandigarh, the capital of two most prosperous states of Punjab &Haryana. Thus Mohali presently offers a quality of life and design system almost similar to Chandigarh with streamlined planning & architecture. Days are not far away when it would surpass Chandigarh in all fields.
Tri-City region is targeted by an increasing number of outsourcing IT companies and other Multi-National Companies (MNCs) who seek to capitalize on the rich investment opportunities available in the city.
Being a part of Mohali, our Mega Project namely “Preet Land promoters & Developers Pvt. Ltd” at Sector-86is surrounded by Sectors 79, being developed by PUDA/GMADA, Sector-85 (Wave Estate of Wave Group, formerly The Chadda Group), Sector-98 and Sector-87, which would also be developed by PUDA as Mohali City Centre similar to Sector-17 of Chandigarh. Multiplying its remarkable stance by countless folds, our Project is also in the very close vicinity of unmatched landmarks like the globally famous Mohali Cricket Stadium (PCA), the Chandigarh International Airport, the Knowledge Park that houses the Indian School of Businesses (ISB) and a score of other prominent Head offices/institutions, etc.
Location Map of Sector-86, Mohali (Punjab) :
Distances (Approx) from Sector-86
- Airport : 0 Kms
- ISBT 43 : 0 Kms
- ISBT Mohali: 5 Kms
- Mohali Rly Stn : 0 Kms
- Sector-17 : 0 Kms
- Sector-22 : 0 Kms
- Future Mohali City Centre
Sector-87 : 0.0 Kms(Adjoining Sector)
- Fortis Hospital: 5 Kms
- PCA Stadium: 5 Kms
Group Housing :
Located at the most premium site of the township, the “Group Housing” project namely “Eiffel Towers” is also coming up at Sector-86, which is being developed by our company. This group housing would take modern living to new heights of comfort and bliss. Quality literally in fact, as each condominium has been designed with an emphasis on maximum space with practicality and has been calibrated with generous storage space. So, living in this would feel like living in a villa in the sky.
As can be inferred from the above, the Megaproject of “Preet land Promoters & Developers Pvt. Ltd.” falls in the heart of Mohali and thus has great locational advantages compared to similar upcoming projects in/around Mohali. Taking this factor into account, the customers/ members had shown a great response in a booking by availing the earliest opportunity of getting plots and the company had to stop fresh booking of plots almost 3-4 years back.
Brief History/Background of Promoters/ Management:
- The company was incorporated on 16.11.2005 by Sh. Charan Singh Saini,
Sh. Kanwaljit Singh Walia, &the other Directors with the main aim to carry on the business of real estate & properties including the purchase of real estate & development of land/premises/buildings, creation of plots for the purpose of sale, lease & also to carry on the business of colonizers & development, construction of commercial/residential buildings on a commission basis.
- The company is presently managed by a Board of Directors namely Sh. Charan Singh Saini, Sh. Kanwaljit Singh Walia & Sh. Narinder Singh who have an incredible experience in the development of the real estate. The board of Directors of the company is supported by a group of professionals in the field of real estate.
- The group is in the business for the past few years at individual levels Welland have completed one project at Zirakpur& is in the process of developing another project in Sector-112, Mohali.
The staff of the Company:
The company is equipped with an adequate number of experienced staff. The company has recruited specialized persons for construction, marketing, and Financial matters with good experience in the real estate Sectors.
The Construction/ Real estate development is pre-requisite for economic Development which accounts for a major share of gross domestic Investment. The real Estate industry primarily comprises of Housing &Commercial Sector. The industry is highly fragmented with a large number of players, which are generally small sized. The housing Sector is primarily/ basic needs of the society, whereas the commercial sector is necessary for business and trade. The construction and real estate industry’s future is linked with the overall economy of the country and also has a direct relationship with the Govt. policies. Presently, because of its tremendous employment generation potential as a trigger for cement, steel, and other myriad industries contributing to construction as also cascading effect on the overall economy, the Government policies are geared towards giving a boost to this Sector.
The major bottleneck for the industry has been its highly unorganized and fragmented nature and the presence of a large number of small players who are not able to deliver the high-class products at reasonable prices in a clean and transparent manner. However, the real estate development in the organized sector has increased substantially, improving the customer’s confidence in all spheres of real estate development- both residential and commercial. Although last year the demand in the retail sector has been stagnant due to a temporary slump in the real estate market but very soon the situation is likely to improve.
Real Estate has become an important part of an investment portfolio. In today’s market, real estate is considered to be a better bet for providing fixed income returns, even better than fixed income and some of the financial instruments. Besides this, the advantages of capital appreciation are enormous if one gets it in the right place and at the right location.
On the whole, the real estate sector seems to perform satisfactorily with the economy in the boom, break up of the joint family system, increase in per capita income, coupled with the easy loan availability for housing. The Government has also recognized real estate as one of the growing and a major employment generating sector and thus has accorded it the status of the industry.
Progress of Project
The company is already armed with CLU of 104.33 acres of land in the first phase. The company has also obtained various statutory approvals from various statutory bodies towards the development of the project. All-round construction work is in full swing.
The revised layout plan of our Sector has been considered favorably by the CTP / GMADA. The approved layout plan is expected to be released shortly. Possession of plots / SCOs (paper) is already been commenced. Physical possession is also expected to be commenced as early as possible.
The long-pending issue of road connectivity of GMADA to Sector-86 is likely to provide very soon. With this erection of 11 VK Electricity feeder line to our sector will also be resolved. Efforts are in hand to complete other pending Internal development works of our Sector as early as possible.
Salient Concluding Features of Project
- “Preet Land Promoters & Developers Pvt. Ltd” falls in the revenue Estate of villages Nanumajra, Sohana, Patti Sohana&MauliBaidwan (Sector -86) Mohali.
- The development has been duly approved by the Government of Punjab as a Mega Township project.
- The company has also obtained various statutory approvals from various statutory bodies towards the development of the project.
- “Preet Land Promoters & Developers Pvt. Ltd.” is a self-contained and integrated ultra-modern township with Residential, Commercial, Retail & Community / Recreational Spaces.
- The Project area is approachable from all four sides by 200 ft. and 150 ft. wide sector roads and is seamlessly connected with Chandigarh & Mohali.
- The road network of Sector-86 is designed after a careful study of vehicular traffic so that high traffic movement areas of the township are confined and vehicles do not crisscross the residential areas, as far as possible.
- All build-up structures of “Group Housings” will be earthquake resistant and will comply with Seismic Zone IV design requirements applicable to the area.
- Forties Hospital, MC Bhawan of Mohali, famous schools (like Mallenium School, Yadvindra Public School, Doon School, etc), PUDA Bhawan, PCA Cricket Stadium, and other prominent landmarks are just 2.5 km to 4 km away from us. Mohali City Centre will be at our adjoining Sector-87.
- A 450 acre Knowledge Park is located next to us, which further strengthens the position of the Tri-City as the next big destination for knowledge industries in the near future.
- Residents & customers on a shopping spree will have adequate parking spaces.
- The largest industrial town in north India, Ludhiana is just 90 km away.
- Apart from its beautiful residential space, high profile Shop cum Offices (SCOs) will give our Mega Project a high-street air. Luxury star hotels and dazzling malls, multiplex& entertainment areas are likely to add on in the very near future. It is anticipated that Grandeur will reside at every corner of this ultra-modern township, transferring life into a truly larger than life experience.
Mission Statement :
The company is determined to give a good future to more than 1600 families with their dream living at reasonable prices.