This new mini city is an option which people looking for a good deal in the tricity region
The aam aadmi, who feels that he has missed the bus in buying ‘out-of-reach’ residential and commercial property in the tricity area, need not despair. A mini township with state-of-the-art facilities that is taking shape in Panchkula’s vicinity along the National Highway-73 on the Panchkula-Yamunanagar road may offer an affordable option to those wanting to own property in the tricity region.
Christened as Panchkula Extension-II, the strategically-located township comprising 24 new sectors is aimed at decongesting Panchkula which is bursting at the seams due to large-scale urbanisation. “There is hardly any land left for planning within Panchkula and that is reason why Panchkula Extension-II has been planned to cater to the ever increasing housing, commercial and recreational needs of the people,” says Hitesh Sharma, District Town Planner, Panchkula.
While sectors 22 to 30 of Panchkula comprise the Panchkula Extension-I, this new phase II spread over approximately 6,700 acres will have an independent identity with sectors 1 to 24 of its own. This has been done to ensure that the area gets civic infrastructure at a fast pace as the external development charges (EDC) collected for these sectors will be utilised for there only and will not be added to the overall Panchkula head. “The main reason for the slow pace of development in Panchkula’s 22-30 sectors was financial constraint as EDC collected for these sectors was included in the Panchkula general pool but this will not be the case in Panchkula Extension-II. So this area will become livable very fast,” says a HUDA official.
In fact, the master plan of the township makes provisions for a balanced lifestyle taking care of the environmental preservation and provision for contemporary lifestyle for the residents. Areas for the wide roads, multi-level parkings, commercial, educational, administrative offices have been earmarked in the master plan besides the provision for rainwater harvesting, storm-water system and greenbelts in all sectors.
The commercial centre in Sector 17 has been modeled on Chandigarh’s Sector 17, while Sector 18 having government and semi-government buildings, secretariat, hospital and district court will cater to the administrative and entertainment needs of the residents.
Given its strategic location, big realty firms have already made a beeline for the area to cash in on the impending boom. While at least a dozen real estate firms have purchased land for developing residential and commercial complexes, at least two licences have already been issued by Haryana’s Town and Country Planning Department to builders.
Sources said the Haryana Urban Development Authority (HUDA) is also exploring the possibility of developing housing and commercial sectors in the area. “Once we get clarity on the land acquisition Bill, which is being studied by the Central Government, we will begin the process to acquire land for the residential and commercial sectors,” a government official said adding that the HUDA residential and commercial plots were much in demand in almost all urban estates and commanded a handsome premium.
The Panchkula Extension-II will be shaping up as a futuristic township overlooking the Shivalik foothills, It will be a blend of modern living and old world charm and is targeted at the upwardly mobile people. With emphasis on lot of greenery the self-contained township will boast of roads between 40-80 ft, hospital, primary and play schools, taxi stand, milk and vegetable shops, 24-hour ATMs, modern showroom and shopping arcades and multi-level parkings.
Besides its strategic location, the connectivity to the area is another plus point for the upcoming township, claim observers. The connectivity would be much faster in coming years as the Haryana Government has allotted the four-laning project of the Panchkula-Yamunanagar stretch of the road. Besides several educational and institutional buildings, the industrial estate of the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) at Barwala is in close proximity of the area giving rise to the demand for the residential accommodation and commercial property
According to market watchers, the prices of property are the lower when one compares these with the prices in other areas in the tricity region like Mullanpur and Zirakpur where premium has already been added to the original prices.
he Supreme Court’s ban on construction in certain areas of the complex at the other end of Panchkula, is set to be a positive factor for the Panchkula Extension II.
● Strategic location on NH-73 Panchkula-Yamunanagar road.
● Pollution-free living overlooking the Shivalik Hills.
● Four-laning of NH-73 to improve connectivity with towns around.
● Planned development which takes care of the future growth.