Makes a record of sorts in the current slowed down real estate scenario
CHD Developers, one of India's leading real estate developers engaged in development of prime residential and commercial properties has announced that its unique project, Karnal Business Center (KBC), has been completely sold out within just 5 months of its launch making it a record of sorts considering the current slowdown in the real estate industry in India. The Karnal Business Centre is an integral part of CHD Developers' Rs. 1000 crore mega project, CHD City at Karnal, Haryana. KBC offered prime shop-cum-office (SCO) commercial plots that a progressive business could construct upon as per its unique requirements for any commercial purpose.
Mr. RK Mittal, Chairman and Managing Director, CHD Developers said, “We are extremely encouraged with the unparalleled success of our KBC project. It is a testimony to the trust that our investors have placed in our project and our delivery capabilities. Hundreds of investors have chosen to put their hard earned money in an ambitious project like KBC because of its inherent strengths and our impeccable track record. The plots at KBC were sold out within 5 months of its launch, an incredible feat in the present times, by all means!”
Buoyed by the success of KBC project, CHD Developers has recently launched another commercial project, CHD Plaza, at CHD City in Karnal. CHD Plaza is the new emerging built up commercial complex, located right at the entrance of CHD City - the picturesque township with world class facilities in sector 45, Karnal. The opportunity in CHD Plaza is backed by a unique assurance for the property value wherein, CHD Developers Ltd. extends unique investment protection shield. Every purchase of shop at CHD Plaza comes with guaranteed assurance that if the market price of the shop comes down after 3 years, company will compensate the differential amount to the buyer.
“We are already getting enthusiastic response for the CHD Plaza properties and are confident that the same will soon be sold out just like its predecessor, KBC. It is to be noted that this specific period was particularly bad for the real estate sector when property valuations and demand for real estate was at its lowest,” added Mr. Mittal.
CHD Developers is also offering a guaranteed return of 12% p.a. on the buying price of CHD Plaza properties for a period of 24 months. The project is scheduled for completion and delivery by December 2010.
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"We are confident that our offer will excite many an insightful businessmen to set up shop at CHD Plaza and benefit from the vast consumer population expected in CHD City within the next few years," Mr. Mittal further added.
The prospect of setting up a business at the KBC or CHD Plaza is extremely promising for entrepreneurs considering the fact that even a 5-star hotel is supposed to come up in its vicinity, which will further add to the marketability of the location. This area is right opposite to the Oasis landmark on the NH and is close to Karna Lake and the golf course, which means that there will always be an abundance of greenery, making it a prime location. Moreover, the McDonalds complex, Sagar Ratna, Haveli and similar facilities are already doing good business in close proximity to this area. This developing area is thus emerging as the happening suburb of Karnal.
Also, proximity to other townships and office spaces by renowned developers provide KBC and CHD City a large captive market apart from the 25,000 families expected to inhabit the CHD City, which is expected to emerge as the most sought after destination in Karnal as its residents will be able enjoy the best of amenities in finest dining, shopping, arts and entertainment, which include a mall, food court, hotel, clubhouse, commercial centre, offices, school, hospital, multiplex, dedicated play area for kids, jogging tracks, high speed internet broadband and wi-fi connectivity, 24-hour power backup and round-the-clock security.
“CHD CITY will surround its residents with features and amenities that thrill, soothe and inspire. Whether in their own space or in the areas they share with their neighbors, CHD residents will enjoy all the comforts of fine contemporary urban living,” added Mr. Mittal.
CHD City will also feature world-class facilities at its clubhouse, which will include Swimming Pool, Lawn Tennis Courts, Badminton Courts Pool and Billiards, Health Club, Steam, Sauna and Coffee Shop.
CHD Developers Ltd has ushered in a new era of building projects for the residential as well as commercial sectors in northern India and has to its credit several residential complexes such as Gayatrilok at Haridwar, Sri Krishnalok at Vrindaban (Mathura) and CHD City, a residential township in Karnal. CHD has successfully delivered projects covering more than 700,000 sq. feet area and proposes to develop more than 10 million sq. ft. area in the next few years.
About CHD Developers
CHD Developers, an ISO 9001:2000 certified company, was originally founded by the farsighted entrepreneur Mr. R.K Mittal, CMD as “Capital Developers Pvt. Ltd.” in the year 1990. Today having proven itself time and again under the progressive leadership of Mr. Gaurav Mittal, Director, CHD Developers is one of the fastest growing ‘Real Estate Major’ in Northern India. CHD’s expertise lie in diverse field including Real Estate Development, Construction, Education and Hospitality where its reckoned for building state of art, elegantly designed, strategically located and high quality Residential Townships, Residential Apartments, Commercial Complexes and Restaurants. CHD believes in providing true value for money and forging strong relationships with its customers as it has a track record of delivering all their projects on time.