As per Location
JUBILEE WALK is situated on the Himalayan Marg sector 70, Mohali, SAS Nagar. It’s a 4-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 on the Himalayan Marg and other sides facing towards the residents of sector 70. The project has direct access from 4-ways.
Jubilee Walk is the top-most visible project of Himalayan Marg. The project has 100% visible and walkable for sector 70, 69, 77 & sector 78 residents and for the passers of Himalayan Marg & Airport Road. The project is very well connected to multiple public transportation facilities and other civic facilities.
Prominent schools & institutions in the closest proximity such as Sant Isher Singh Public School, The British School, Ashmah International School, Meritorious School Mohali, Vivek High School, Paragon Senior Secondary School, Doon International School, Shemrock School, Gurukul World School, Anee’s School, etc.
Chandigarh international airport is at a distance of 12.2-Km from Jubilee Walk (via Airport Road). The SAS Nagar Railway Station is just 3.7-KM. The project is at a distance of 2.7-Km from ISBT (Interstate Bus Terminal). Jubilee Walk is properly connected with the main points of Mohali city.
The Jubilee Walk caters to an immediate catchment of a big crowd of the sector 70, 69, 77 & sector 78 residential societies. It’s a truly high street retail open market to cater to all kinds of shopping, fine dining, fun, entertainment, and business needs of nearby residents. The JUBILEE WALK is properly visible and walkable to every resident of nearby localities. So can say that the JUBILEE WALK is an excellent location property.
Possession | Construction Update
|Construction Status||Under Construction|
|RERA Registration No||Jubilee Walk – PBRERA-SAS81-PC0082|
|Possession Date according to several real estate portals & Developer||August-2021|
|Possession Date (RERA)||December-2023|
|Architect Name||Shipra Bhatia|
|COVID-19 Lockdown Status||COVID-19, an event of ‘Force Majeure’. Completion/Possession extended for 6 months for all projects expiring on or after 25.03.2020 by the Government.|
Advantages | Good Factors
The Jubilee Walk is a project offering the perfect integration of retail, commercial, and hospitality in a single compound.
The Jubilee Walk is can be the finest place for shopping, fine dining, fun, masti, and entertainment at Himalayan Marg Mohali. The project location, elevation, the layout design is full of vigor and vitality. It can be the finest place after completion where you can spend your leisure time with family and friends. There are wide corridors for walking and proper sitting arrangements. There are enough parking spaces in front of the commercial complex and in the basement. So there is no doubt that this commercial property is very good for investment purposes.
The Jubilee Walk is all surrounding with several high-density residential group housing societies such as Homelands Heights, Rishi apartments, Mayfair Apartments, SCL Society, Ivory Towers, etc. And that is a very good sign for commercial property investment.
Jubilee Walk has multiple entries and exit points. Multiple exits and entries point to attract customers’ footfall quickly and provide maximum visibility/exposures to every retail area of the project. Which is also another approachable sign for investment in this project.
The retail shops are perfectly designed for maximum visibility. Office space is designed to suit international standards. Overall, the Jubilee Walk has a world-class elevation and layout design.
The Jubilee Walk is the central location of sector 70, 69, 77 & sector 78 of Himalayan Marg And all the above said sectors is the high-density population area, and can denser more in upcoming years. There is a huge urban rich residential population surrounding Jubilee Walk. There are more than 30-thousand flats and an expected residential population of more than 1-Lakh people. This is also a very good sign for commercial property investment i.e. Jubilee Walk.
Jubilee Walk is very well connected to multiple public transportation facilities and other civic facilities. The project is also very well connected to the residential sectors such as 49, 50, 65, and 70. Which is also another good sign for commercial property investment i.e. Jubilee Walk.
The JUBILEE WALK can be a famous Hot-Spot of Himalayan Marg after completion possession.
Commercial Real Estate Project Investment Criteria Table
|MUST REQUIRED FACTORS||ACTUAL FACTS-JUBILEE WALK||GRADING|
|Urban Rich Gentry||Upper Middle Class, Middle Class. Residential societies within walking distance- Homelands Heights, Rishi apartments, Mayfair Apartments, SCL Society, Ivory Towers, independent houses.||A|
|Connectivity||Walking Distance from- Sector 70, 69, 77 & sector 78 of Himalayan Marg.
SAS Nagar Railway Station-3.7Km
Airport-12.4Km (Chandigarh International Airport)
|Layout Design||Grand ceiling heights, full of vigor and vitality, excellent layouts, wide corridors, proper sitting & walking arrangements, highly visible retail, International standards office space||A|
|Multiple Entries||Yes More than 6 Entries||A1|
|Visibility||Highly visible, 4-side open corner property, very wide frontage||A1|
|High-Density population||More than 25-Thousand Flats and 1-Lakh urban rich people within walking distance and can denser more in upcoming years.||A|
|Public Security||Police Station -10-Minute
Fire Station 10-Minute
|Industrial Area||Within 3-Km||A|
|Urban/Civic Facilities||Maximum facilities available||A|
|Developers Credibility||Quality Construction. SILVER standard Developer||B|
|Expected ROI||6% to 7% Annually||A|
Drawbacks | Bad Factors
These days developers of the Jubilee Walk, offering some attractive schemes to customers to invest in this project, like the 12% assured return, lease guaranty, and other greedy payment plans.
That builder/project who offers this kind of investment offers is not in the category of secure investment, as our experience most assured return properties are the investment of loss.
Do not put your hard-earned money in the builder’s seduction, assured return & lease guaranty properties are always an investment of risk. So invest wisely.
Basically, the assured return & lease guaranty is nothing, the real estate developers sell their low money property at a very higher price and return your hard-earned money in the name of the assured return to you in the form of EMI. Actually, they are making you fool.
Investment Tips Before investing in commercial real estate, it is better to decide why you are investing. Actually, there are two types of investors, the first one who buys retail shops or office space for self-use and the second one who bought it for pure rental income and sell when getting some appreciation. So if you are buying it for your self-use, you can buy any size according to your uses, but if you are buying it for pure rental or appreciation income, then go for virtual space or buy at least minimum 1000 sq ft carpet area, because if you buy a small shop or office space for rental income you hardly get any brand to lesae out your space. The brands or multinational companies want the bigger space for their operations. And there are several must require things such as dedicated bigger parking spaces, negotiations in CAM charges, specific signage, dedicated power backup, bigger space in a single floor plate, and several must require NOCs, which are very difficult to arrange by a small or individual investor. So that, before investing in any commercial project, talk to the developer, that you won't buy it for self-use, but for pure rental income, and handover/responsible it for the developer to lease out. Otherwise, you won't get your expected appreciation or may get delayed appreciation or loss.
It is better to slash the price and go for without assured return payment plan. Actually, Assured Return plan is a trick of fundraising.
Products & Developer
The Jubilee Walk commercial project is under developing by the Jubilee Joy Homes LLP group. This project consists of commercial retail shops, showrooms, F& B outlets, lockable office space, and entertainment facilities, etc.
Builder Profile | Track Record
|PREDECESSOR||Jubilee Infra Planner LLP|
|FOUNDERS||Harpal Singh Ahluwalia|
|KEY PEOPLE||Jagmohan Garg, Bal Krishan Goyal, Jai Kishan Singal, Baljeet Singh, Sukhwant Singh, Sanyam Dudeja|
|COMPANY | PROMOTERS||Jubilee|
|PRODUCTS||Shopping Mall, Commercial Offices, Retail|
|AREA SERVED||Chandigarh, Mohali, Panchkula|
|PROJECTS COMPLETED||Jubilee Square|
|PROJECTS ONGOING||Jubilee Walk|
|DELIVERY TRACK RECORD||average|
|OFFICE ADDRESS||Corporate Office – SCO 22, 1st Floor, Airport Road, Sector 79, Mohali|
Price | Lease Price | Price List
Jubilee Walk retail commercial shops, office spacer sale & lease price starts at approx:-
|UNIT TYPE||FLOOR||SIZE (Sq Ft)||PRICE (PSF)|
|Showroom (Double Height)||Ground Floor||1200||25,000-33,000|
|Bay Shop||Ground Floor||400||24,000-27,000|
|Bay Shop||Upper Ground||277||18,000-22,000|
|Office Space||4Th to 7Th Floor||425||9000-10,000|
The office space price is already on the very higher side, and there is hardly any chance of early growth.
The Jubilee Walk is good for well established retail business groups and also for new business startups. After completion, possession of the Jubilee Walk sector-70 SAS Nagar, investors may get a minimum of 6% per annum return. If the builder completes this project in the promised time frame.
Overall, Jubilee Walk is a good project for investment if you don’t trap in the assured return deals & lease guaranty payment plans. Without assured return, the CLP payment plan is better for investment.
NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH