In last 18 months, Mullanpur Garibdas has undergone a realty metamorphosis with persons from around the region as well as from far off places like Bangalore and Hyderabad looking to purchase property in upcoming privately-owned and developed colonies.
Within this time period, the prevailing rate for one square yard in a residential plot in Mullanpur has risen from Rs 18 000 to Rs 22 500, an appreciation of Rs 4,500,this is one of the aspects which has favoured marketability of Mullanpur over Zirakpur and Kharar as the appreciation value there hovered around Rs 1,500 to Rs 2,500 per square yard in the same time-period. As compared to Zirakpur and Kharar, where the development has been haphazard and seemingly in knee-jerk reactions, Mullanpur is being developed in a phased manner.
Mullanpur has proximity to Chandigarh, its connectivity with Baddi and Kurali as well as the upcoming six-lane highway, the real estate prospects in the township have been on an upswing ever since the Mullanpur master-plan, designed by a Singapore-based consultant, was conceived and approved by Punjab government.Mullanpur master-plan envisages Mullanpur Urban Estate, to be developed by Greater Mohali Area Development Authority (GMADA), and other private real estate projects, which would be developed from scratch, and as such state-of-the-art health and knowledge villages as well as and eco-tourism related activities have been planned for the area.
The master-plan proposes recreational facilities like an amusement park, spa village, open-air theatres, theme parks and a lifestyle hub, including a golf course and sports facilities, around the seasonal rivulets passing through the area. The housing scheme would have residential, commercial and institutional components.
The Urban Estate would form part of the local planning area in which a health village spread over in 144.6 hectares has also been proposed. The intensity of development would be as low as 1.0 floor-area-ratio (FAR) and the height of buildings would not exceed 20 meters. According to the norms, about 100 people per acre would be allowed.
Part of the Dream Weave Walk Network 1998-2012