Review : Investment in Homeland CP-67, Sector 67, Mohali, Loss or Profit

Chandigarh

CPR Ratings

As per Location
CP 67 is situated on the Airport Road sector 67, Mohali, SAS Nagar.  It’s a 4-side open corner property. The project has a very wide frontage & properly visible from 4-ways.

CP 67 is the top-most visible project of Airport Road. The project has 100% visible and walkable for sector 68, 67, & sector 80 residents and for the passers of 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 Sebiz Finishing School, International School of Business (ISB), IISER, Learning Paths School, Amity Global Business School, Army Institute of Law, Kendriya Vidyalaya, etc.

Chandigarh international airport is just a 15-minutes drive from CP 67 (via Airport Road).  Mohali Cricket Stadium is just 5-minutes from CP-67. The SAS Nagar Railway Station is just 3.4-KM. The project is at a distance of  267-Km from ISBT (Interstate Bus Terminal). CP 67 is properly connected with the main points of Mohali city.

The CP 67 caters to an immediate catchment of a big crowd of the sector 68, 67, & sector 80 residential. 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 CP 67 is properly visible and walkable to every resident of nearby localities.

The project is close to several government offices such as Municipal Corporation SAS Nagar, Sub Post Office, Punjab Forest Department, Startup Accelerator Chamber of Commerce, Assistant Excise And Taxation Commissioner Office, Income Tax Office So can say that the CP-67 is an excellent location property.

Possession | Construction Update

Construction Status Under Construction
RERA Registration No CP-67 – PBRERA-SAS81-PC0045
Start/Launch Date 11-Apr-2016
Expected Possession Date by the Developer March-2022
Possession Date (RERA) 11-April-2026
Construction Stage Ongoing
Construction Company
Architect Name Bental Associates Realty Design Pvt. Ltd
Live Updates
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

 

Drawbacks | Bad Factors
The sale price of office spaces, studio apartments & retail shops, and other products of CP-67 are already on the very higher side. If we compare the price among other reputed, ready to move and advance stage under construction commercial properties/projects of Airport Road, IT-City Road & Aerocity Road Mohali sectors, then we find that the price of CP-67 is on the higher side.

These days developer of the CP 67, 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.

Homeland CP67, Mohali

Advantages | Good Factors
The CP 67 is a project offering the perfect integration of retail, commercial, and hospitality in a single compound. The CP 67 is can be the finest place for shopping, fine dining, fun, masti, and entertainment of Airport road Mohali.

Homeland CP-67 has multiple entries and exit points. Multiple entries and exit points 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, CP 67 has a world-class elevation and layout design.

The CP 67 is the central location of sector 68, 67, & sector 80 of Airport Road  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 CP 67.  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. CP 67.

CP 67 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 68, 67, & sector 80. Which is also another good sign for commercial property investment i.e. CP 67.

The CP 67 can be a famous Hot-Spot of Airport Road after completion possession.

Homeland CP67, office space, retail shops, studio apartments

Advice
It is better to slash the price and go for without an assured return payment plan. Actually, the Assured Return plan is a trick of fundraising.

It is probably not the right choice of investment for those who are looking for ROI in the next year or so. There may not be a real appreciation of value for resale in the next couple of years. Because of a huge unsold office space & studio apartment type ready to move and advanced stage under construction commercial property available on the Airport Road, IT-City Road & Aerocity Road Mohali sectors. And the price is also very higher.

Builders Profile | Track Record

 
PREDECESSOR A B Alcobev Private Limited
FOUNDED 2012
FOUNDERS Ajay Kumar Bindal
KEY PEOPLE Ajay Kumar Bindal, Mrinaal Mittal, Sunita Bindal
COMPANY | PROMOTERS Unity & Homeland group
PRODUCTS Apartments, Commercial offices, Shopping Malls, Retail, Hospitality
AREA SERVED Mohali
PROJECTS COMPLETED
PROJECTS ONGOING CP-67
DELIVERY TRACK RECORD
NET WORTH
STRENGTH
COMMITMENT
RISK Updating soon…
DEBT Yes
LITIGATION  Updating soon…
OFFICE ADDRESS Site No. 252, Sector 67, Airport Road, Sahibzada Ajit Singh Nagar, EMAIL: enquiry@cp67.co.in
BUILDER CATEGORY SILVER

 

Price | Lease Price | Price List
CP 67 retail commercial shops, office spacer sale & lease price starts at approx:-

UNIT TYPE FLOOR PRICE (PSF)
Office Space 6Th to 8Th Floor 9,000
Office Space 10Th to 11Th Floor 10,000
Studio Apartments 6Th to 7th (semi-furnished) 7500
Studio Apartments 9Th to 14Th (Furnished 12,000
Retail Shops Updating Soon

The price is already on the very higher side and there is hardly any chance of early growth. The price of other charges is also on the very higher side.

According to our estimation, the office space price should not be more than 4000/- per sq ft and studio apartment price should not be more than 5000/- per sq ft.

CP-67 Price & Developers Delivery Track Record Comparison With Other surrounding Commercial Projects Of Airport Road Mohali

PROJECT NAME PRICE (PSF) POSSESSION RECORD/REMARKS
CP-67 Office-9,000-12,000
Retail-
On-time
Besttech Business Tower Office-6,000
Retail-
WTC Chandigarh Office-7,450-8,450
Retail-10,000-11,000
Delay
Mohali Citi Center SCO-55cr-1.40Cr On-time


Conclusion

Profitable resale in assured return property/projects takes a very long time, can say minimum 10-years or even more. There are several examples of flop assured return projects in PAN India. Actually, assured return and pre-leased guaranty payment plans are the tricks of fundraising by fooling the public.

The price is already on the very higher side and there is hardly any chance of early growth. It is better to slash the price and go for without an assured return payment plan. Actually, Assured Return & Lease Guaranty payment plans is a trick of fundraising.

CPR Ratings

Investors Vote
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NOTE: BEFORE INVESTING DO YOUR OWN RESEARCH

 

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