Review : Investment in Mohali Citi Centre, Aerocity, Mohali, Loss or Profit

Chandigarh

CPR Ratings

As per Location
Saraf Mohali Citi Centre is situated on the Aerocity Road Mohali Chandigarh Punjab.  It’s a 3-side open corner property. The project has a wide frontage & very impressive layout design.

The beauty of this project is that this project is exactly facing towards the Airport road and other side facing towards the independent residences. The project has direct access from 3-ways.

Chandigarh Airport is just 7-minutes drive from Mohali Citi Centre. Mohali Citi Centre is just 16-minutes drive from ISBT (Interstate Bus Terminal). SAS Nagar railway station is just a 12-minutes drive from Saraf MCC. The project is very well connected to the main points of Mohali & Chandigarh city.

Prominent institutions & schools are in the closest proximity such as Indian School of Business,IIISER (Indian Institute of Science Education & Research), Manav Rachna International School, Mai Bhago Armed Forces Preparatory Institute, NFCI Hotel Management and cooking Institute, Army Institute of Law, RMS School, Ryan International School, Chandigarh Institute of Hotel Management & Catering Technology, etc.

The project is close to several government offices such as Kissan Vikas Chamber, Central Warehousing Corporation, NSSO FOD GOVT OF INDIA, Real Estate Regulatory Authority (RERA) Punjab, Punjab Mandi Board, PUDA Bhawan, Punjab Forest Department, District Treasury Office, Department of Health & Family Welfare, PWD Office, District Administrative Complex, etc.

Saraf Mohali Citi Centre is the top-most visible project of  Aerocity Road Mohali. The project is 100% visible and walkable for nearby residential sectors of Aerocity. The project is very well connected to multiple public transportation facilities and other civic facilities.

Mohali Citi Centre caters to an immediate catchment of a big crowd of Aerocity Airport road traffic and nearby residents of GMADA Aerocity. It’s a truly high street retail open market to cater to all kind of shopping, fine dining, fun, entertainment, and business needs of nearby localities. So can say that the Saraf Mohali Citi Centre is an excellent location property.

Possession | Construction Update
The Mohali Citi Centre project is under construction. According to several real estate portals and builders, the promised date of delivery/possession of the project is in the year of  December-2019. The possession date according to RERA in August-2023.  RERA Registration No PBRERA-SAS81-PC0068.

Mohali Citi Center, Aerocity Road, Mohali, Chandigarh, Punjab, India

Advantages | Good Factors
The Aerocity Mohali is the fastest developing locality of GMADA. There are more than 20-thousand residents stayed near the Mohali Citi Centre and can denser more in upcoming years. And which is a very good sign of commercial property investment.

The layout design, elevation of Saraf Mohali Citi Centre is very impressive. The project has a very wide frontage. All retail shops & SCO are perfectly designed for maximum visibility. The project has multiple entry & exit points.

The elevation and layout design of the Saraf Mohali Citi Centre is to enchant the mind. The project has wide corridors with proper sittings arrangements. The architecture of the project is like this which attracts shopping. It seems like that if you do not want to go, but your feet pulled up you to Saraf Mohali Citi Centre.

The retail spaces are well furnished and designed to cater to every retail business. The project has a proper parking space for stakeholders and visiting guests.

The Saraf Mohali Citi Centre is very well connected to the multiple public transportation facilities and other civic facilities.  Which is also a very good sign for commercial property investment.

Saraf Mohali Citi Centre can be a famous Hot-Spot of Aerocity Road Mohali after completion possession.

Commercial Real Estate Project Investment Criteria Table

MUST REQUIRED FACTORS ACTUAL FACTS-SARAF MOHALI CITI CENTRE GRADING
Urban Rich Gentry Middle Class. Within walking distance several residential societies & independent houses colonies. A
Connectivity Walking Distance from- 
ISBT- 16-Minute drive
SAS Nagar Railway Station-12-Minute drive
Airport- 7-Minutes drive (Chandigarh International Airport)
A
Layout Design Highly visible retail, very impressive layout A
Multiple Entries Yes A1
Visibility Highly visible, 3-side open corner property, very wide frontage A1
High-Density population Fastest developing locality, more than 50-Thousand residents within walking distance and can denser more in upcoming years. A
Youthful Footfall Yes A
Public Security Police Station -15-Minute
Fire Station 15-Minute
A
Industrial Area Within 3-Km A
Urban/Civic Facilities Maximum facilities available B
Developers Credibility New.  

C

Price Comparison High B
Competitors A few competitors B
Expected ROI 6% to 7% Annually A

 

Products & Developer
Saraf Mohali Citi Centre is under development by the STG Developers (Saraf The Jeweller). The project consists of Premium Showrooms &  Retail Shops, Double Storey Showrooms with Basement, Four Storey Showrooms With Basement, etc.

Builder Profile
Saraf The Jeweller is a new name in Chandigarh real estate industry. He has no experience to manage and develop such type of commercial projects.

Price | Lease Price | Price List
At present, Saraf Mohali Citi Centre retail commercial shops, showrooms, SCO price starts at approx:-

CATEGORY SIZE PRICE (INR)
Double Storey SCO
(with Basement)
16’3″x48’9″
88.021 SQ YDS
3.25 Cr.
Double Storey SCO
(with Basement)
15’11″x42’0″
74.275 SQ YDS
1.80 Cr.
Double Storey SCO
(with Basement)
15’0″x42’0″
70 SQ YDS
1.70 Cr.
Double Storey SCO
(with Basement)
14’00″x42’0″
65.333 SQ YDS
1.60 Cr.
Double Storey SCO
(with Basement)
21’9″x40’0″
96.66 SQ YDS
2.10 Cr.
Double Storey SCO
(with Basement)
13’6″x40’0″
60.00 SQ YDS
1.80 Cr.
Ground Floor with Basement
Four Storey SCO
16’5″x56′ 2.15 Cr.
1st Floor
Four Storey SCO
16’5″x56′ 1.05 Cr
2nd Floor
Four Storey SCO
16’5″x47′ 75 Lakh
3rd Floor
Four Storey SCO
16’5″x35′ 55 Lakh
Ground Floor with Basement
Double Storey SCO
16’3″x48’9″ 1.70 Cr.
1st Floor
Double Storey SCO
16’3″x35′ 90 Lakh
Ground Floor with Basement
Double Storey SCO
15’11″x48′ 1.40 Cr.
1st Floor
Double Storey SCO
15’11″x42′ 85 Lakh

The price is slightly high for investment.

Conclusion
SARAF MOHALI CITI CENTRE  property is best suited if you are willing to hold your investment until completion/possession of the project.   After completion possession of Saraf Mohali Citi Centre, investors and retail business startups may get a minimum of 6% per annum returns.

Saraf Mohali Citi Centre is good for well established retail brands and also for retail business startups.

CPR Ratings

Investors Vote
[Total: 6 Average: 2.7]

NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

 

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