Indian Real Estate: Mullanpur Goes Western Ishtyle
Chandigarh Real Estate: Let’s go the Movies, Shop Till We Drop, and Round it Off with Dinner at the 5-Star
According to Times News Network, Mullanpur Garibdass, a peripheral village on the outskirts of Chandigarh is soon to find itself on the national map courtesy Delhi-based developers, Dynamic Continental Private Limited. With an eye to future paybacks, the company is getting all geared up for shaking-up the sleepy little village by pumping in Rs. 300-crore for a 12-hall multiplex with a world class shopping centre, and a Rs. 100-crore ritzy, modern, 5-star hotel.
Coming up on 8-lakh sq. ft., with 200-rooms, the last word in luxury, and air-conditioned for cool comfort on hot summer days, the hotel will consist of world class facilities for international crowds as Punjab begins to attract tourists and MNC investment. The area’s first multiplex, it is being built adjacent to the hotel on 2-lakh sq. ft. keeping visitor convenience in view.
With both mega projects having gained the necessary approval, land has been purchased, and construction is scheduled to begin in the coming months. The purpose behind a 5-star hotel in the area is to cater to the corporate houses flooding in and around the tri-city area. International architects have been hired to give the project the requisite global look, and many international brands have evinced a keen interest in featuring their products in the mall.
A world-class multiplex, a 5-star hotel, an IT Park and other projects in the village has got its’ residents excited about future employment prospects. And, with a proposed 4-lane highway on the Siswan road up to Baddi, business is bound to be good for the major brands establishing their presence in the mall.
Dynamic Continental living up to its name is a dynamic company with a Rs. 50-crore investment in two multiplexes in Ludhiana and Rs-94 crore in Dehra Dun. It is, further, evaluating Bathinda and Amritsar as potential options for a multiplex, each.
With an increasingly international look and presence, Mullanpur Garibdass might have to acquire an international name, in order, to roll easily off the tongues of foreigners it aims at attracting!
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