Punjab-based Motia Group to invest Rs. 150 crore in a residential project.

Punjab-based real estate developer Motia group will invest Rs. 150 crore to develop a residential project in Zirakpur, adjoining Sector 20, Panchkula.

Spread over 7 acres, the project will have 272 units of different composition.

“With Chandigarh on the map for NRIs, the opening of properties in Zirakpur near Airport Road has provided them with the opportunity to expect high returns on their investment. It also has excellent access to key places, nearby tourist attractions, and high quality of life, making it a popular place to buy/invest,” said LC Mittal, Director, Motia Group.

Adjoining a forest cover of approximately 300 acres, the premium residential project is expected to attract investment from people due to the potential of high returns.

“Property investment is secure because you will receive returns on your capital, whether through rental or capital appreciation; capital appreciation is predicted to range between 10% and 12% in the short term,” Mittal added.

In phase I, the group will deliver 72 units out of the total 272 units.

ET