A changing district
Mohali's Industrial Area was laid out for manufacturing. Under the new policy, plots on its sector-dividing roads can now carry hospitals, business hotels and corporate offices.
Land zoned for one use and permitted for several is where much of this district's value now sits.
Road and FAR
Which road a plot sits on decides its frontage, its visibility and often what it may be used for. A plot on a sector-dividing road with a FAR of 3 can carry a substantial building; the same area one road back may not. We read both before anything else.
Land zoned for one use and permitted for several is where much of this district's value now sits.
Built stock
For investors who would rather not build, the Industrial Area also holds large finished buildings on its main roads, some with room to add floor area and some already leased. They sit between industrial and commercial property, and we advise on them as both.
The practical questions
Change-of-use charges, building approvals, basements and parking, and the condition of an existing structure all affect what a buyer really pays. We raise them early, so they never surprise anyone late.
Who we advise
Manufacturers expanding or consolidating, hospital and hotel operators looking for land the new policy has opened to them, and investors buying finished buildings to lease.