Frequently Asked Questions: OTHER QUESTIONS
Other Questions :
  1. Who are the Minds Energies & Resources behind the project?
    • It’s a team work which comprises of Fashion Experience & Real Estate Expertise.
    • The executers of Physical Infrastructure are professionally managed group based in Chandigarh enjoys wide recognition as reputed builders & developers and are always committed to maintain the harmony of eco-systems to ensure sustainable growth.
    • The core people behind the Intellectual support are Authorities of the Fashion field, who have wide experience & recognition in the industry. The constituted advisory board of the Park consists of Brains from all backgrounds of the Fashion & Lifestyle Industry.

  2. Does the Park have any assured tie-ups?
    A definite plan & strategy is in place as tie-ups, MOUs with following alliances.
    • House of Valaya
    • Ludhiana Integrated textile club
    • Knitwear club
    • Shawlclub (India)
    • Bodhi Textiles, Vadodra
    • Munch Design Workshop Pvt.ltd, Banglore
    • Textile Manufacture’s Association, Amritsar
    • Esmod Fashion University Network, Paris
    • Punjab Agriculture University, Ludhiana
    • China wool textile association
    • China Fashion Association
    • Beijing Clothing & Textile Trade Association

  3. How India is good for Investment?
    We need to measure certain parameters & realize the new emerged reasons in India; few of them are as following:
    • The real estate spread is no longer limited to the large metropolises of India but has now permeated to the Smaller Towns & Cities; these emerging centers of growth are lending sparkle to India’s Booming Economy.
    • Consistent & Sustaining GDP Growth. The present GDP growth of 9% has recorded the trillion $ mark.
    • Proactive & Changing Government policies have all lent momentum to the rapidly growing real estate sector.
    • India’s low cost, high quality & productivity model has given India a leadership position in the outsourcing arena.
    • Rising consumerism has created a demand for new retailing & entertainment avenues.
    • Realizing that consumer across cities has similar needs, although the scale may very, new age retailing are In cashing the advantage & are expanding into hitherto unexplored smaller cities.
    • Real Estate growth has been further fueled by increase in the size of 25-55 age group of earning population & the emergence of double income nuclear families. Over the last decade the average age of Indian home loan borrower has reduced by 10 year.
    • Another variable facilitating factor in real estate growth in India is the Urbanization, according to UN population division, the urban population in India will continue to grow @ 2.5% per annum for the next 2 ½ decade.
    • As per census of India 2001, 41% of the total pop of India will be living in urban area by 2011.
    • Indian investment scenario is already undergoing a sea change & has been seen to be making roads in rural India with Telecom, Rural Retailing, Agricultural supply chain & Logistics facilities all these factors foretell that the Real Estate Growth will soon spread out the established boundaries, means III Tier cities.
    • As per the report of Knight Frank, the analyzed growth potential of fifteen major Indian cities comprising State Capitals & Cities of Tourism & Commercial interest on the basis of five factors like Real Estate, People, Physical Infrastructure, Social Infrastructure & Business Infrastructure. Chandigarh with an active state economy & a proactive government got the highest ranking on the Real Estate & Business Environment Parameter.

  4. What are the financial Aspects of the Project from the Investor's view?
    • ROI by year 2009 i.e. after the completion of the project will be 9% onwards depending on the actual lease rates prevailing at that time.
    • Recently Greater Mohali Area Development Authority has announced an auction of 11 Acres of land with a reserve price of Rs.550 Crores. Whereas our project has not increased its basic Pre-Construction Price. Therefore, if invested today, the minimum expected ROI would be 300%.
    • Pre-leased Free Hold Property.
    • Excellent Rental returns.

  5. Is there any provision of site visit from Overseas or for NRIs?
    Yes for one person, for that you may deposit 10% of the agreed value, if after visit you need the refund, the expenses incurred on your visit including boarding & lodging will be deducted from the deposited amount.

  6. Is there any provision of site visit from Delhi?
    Yes.