Trident Realty aims for Rs 1200 crore from new project as it launches a new luxury housing development in Panchkula, part of the fast-growing Chandigarh Tricity. The company expects to earn this amount by selling 199 premium residential plots in its new project, Central Vista. Early interest from buyers already shows that this could become one of the region’s most successful real estate ventures.

Panchkula has quickly become a real estate hotspot in North India. With its clean surroundings, reliable infrastructure, and close link to Chandigarh and Mohali, it attracts both professionals and families. As urban growth continues, the demand for luxury homes keeps rising. Therefore, Trident Realty, known for its timely work and construction quality, aims to meet this demand with a modern and sustainable township.

The Central Vista project is being built in collaboration with DLF Ltd, one of India’s most respected real estate developers. It forms part of a larger 200-acre township named Trident Hills, which includes villas, apartments, and residential plots. The township will feature wide roads, landscaped gardens, and advanced infrastructure, all designed for a premium lifestyle.

Speaking about the project, S. K. Narvar, Group Chairman of Trident Realty, said that earlier phases of Trident Hills received an excellent response. He added that the growing popularity of Panchkula shows its emergence as one of North India’s preferred housing destinations.

Parvinder Singh, CEO of Trident Realty, stated that the company has already delivered over 500 homes in the township. He explained that this new phase continues their mission of providing top-quality housing with modern amenities. Moreover, he emphasized that the project combines modern living and community comfort, creating homes where families can truly belong.

The new Central Vista plots will be surrounded by greenery, parks, and walking tracks. Additionally, the township will feature schools, shopping areas, fitness centers, and a modern clubhouse. These features ensure that residents enjoy convenience, comfort, and an active lifestyle within their community.

Experts believe Panchkula’s proximity to IT parks and business zones in Chandigarh and Mohali makes it ideal for professionals. Furthermore, its good road connectivity, reputed schools, and advanced healthcare facilities attract families. As a result, the launch of this project is expected to boost property demand across the region.

Property analysts note that real estate prices in Panchkula have increased steadily because of strong demand and better infrastructure. They also predict that projects like Trident Hills will see long-term growth, especially as developers focus more on eco-friendly construction and community living.

Trident Realty continues to lead in sustainable development. The company is introducing solar lighting, rainwater harvesting, and energy-efficient designs into Central Vista. These steps align with India’s sustainability goals and attract environmentally conscious homebuyers.

Additionally, the township will include a clubhouse, gym, swimming pool, and children’s play zones. Landscaped gardens and community spaces will promote healthy and social living. Thus, the project aims to create not just homes but a complete lifestyle where people can live, work, and relax comfortably.

As demand for premium housing rises, this project will set a new standard in North India’s real estate market. It reflects a growing shift toward integrated and sustainable developments that offer both convenience and luxury.

In conclusion, Trident Realty aims for Rs 1200 crore from new project through the sale of 199 luxury plots in Panchkula’s Central Vista. With a trusted reputation, eco-friendly vision, and strategic location, Trident Realty is ready to redefine urban living and strengthen its leadership in North India’s real estate sector.

Property

In the latest land auction, Mohali plot prices drop almost 50%, surprising investors and property experts alike. The Punjab Small Industries and Export Corporation (PSIEC) auctioned 26 industrial plots in Mohali, each on a 99-year lease. The corner plot fetched ₹5.5 crore, far higher than its base price of ₹2.10 crore. Still, most plots sold for about ₹5 crore, showing a steep fall from earlier rates.

During the June 2023 auction, 15 plots in Phase 8-B sold at much higher prices. Each started at ₹1.95 crore, and many fetched nearly ₹7 crore. The highest bid touched ₹8.5 crore. That auction reflected stronger demand and high investor confidence. In contrast, the latest results show shifting buyer sentiment and changing market conditions.

Surbhi Malik, Managing Director of PSIEC, explained that prices depend on supply and demand. When more plots are available, buyers have more options, so bids drop. She said the process remains market-driven and reflects real-time conditions.

This was the second PSIEC auction since 2019 offering 500-square-yard plots. The corporation continues to promote industrial growth in Punjab through steady land sales. Since September 26, 2023, PSIEC has begun auctioning 177 industrial plots across Amritsar, Ludhiana, Mandi Gobindgarh, Kapurthala, and Pathankot. So far, buyers have purchased 55 plots, showing consistent interest from investors.

Property consultant Shalinder Anand views this as a market correction, not a collapse. He noted that frequent auctions by PSIEC and GMADA give buyers more choices. Because of this, government auction rates now stand lower than private listings. That makes it a good time for investors to step in. He also highlighted that PSIEC’s high Floor Area Ratio (FAR) of 3 helps IT and industrial companies build larger structures on smaller plots.

Experts further believe that Mohali’s expanding infrastructure, improved roads, and upcoming industrial hubs will boost long-term value. With more companies planning operations in Punjab, this dip could attract new investors who missed earlier opportunities.

In short, while Mohali plot prices drop almost 50% might seem worrying, but it actually signals a healthy adjustment. With upcoming auctions and competitive rates, this is an ideal time for businesses and investors to secure premium land in Punjab’s fast-growing industrial zone.

Property

Mohali, a rapidly growing city in Punjab, is witnessing a significant increase in collector rates for residential properties. On October 3, 2023, the district administration announced that residential property rates will rise by 20% to 32% for the financial year 2025-26. This change will begin on October 23, 2023, and aims to bring property valuations closer to actual market prices.

The impact of this decision will vary across the city. Some sectors will face a larger hike, while others will see smaller increases. It is important to note that commercial property rates will remain unchanged for now. This step is designed to balance residential growth without putting additional pressure on local businesses.

Moreover, villages that fall under the municipal corporation are also included in the revision. In these areas, the rate hike ranges from 5% to 33%, depending on the development level and popularity of the location. These new adjustments will help the government collect more accurate property taxes and ensure that transactions reflect real values.

In the previous revision in September 2022, collector rates increased by 26% to 50%. For example, residential property values rose from Rs 30,000 to Rs 36,000 per square yard, while others increased from Rs 45,000 to Rs 56,000. These changes show a consistent trend in property valuation adjustments as Mohali continues to expand and modernize.

Deputy Commissioner Komal Mittal said that officials discussed the revised rates in detail with property experts, developers, and residents before making a decision. The administration aims to ensure that property buyers and sellers receive a fair deal. In addition, this step will improve transparency in property transactions and discourage people from undervaluing properties.

For homebuyers, higher collector rates can mean increased costs, including stamp duty and registration charges. As a result, it may become slightly harder for first-time buyers to purchase homes. However, for sellers and investors, this could be a positive sign, as property values are likely to rise further.

Real estate experts suggest that this change could attract more infrastructure development. As property prices align with market trends, new housing projects, roads, and public facilities are likely to follow. Therefore, it’s essential for residents and investors to monitor these updates closely.

The administration has promised to release a complete list of revised rates on its official website, www.sasnagar.nic.in. This will help people calculate costs accurately and plan their property transactions more effectively.

In conclusion, the increase in collector rates for residential properties in Mohali marks another step toward creating a fairer and more realistic property market. With the new rates taking effect from October 23, 2023, both buyers and sellers should stay updated, review the official rate list, and make informed decisions to benefit from this evolving real estate landscape.

Property