Site Layout & Location Map

Location of the Project

The subject property is located in vicinity of Sector 2, 4, 6, 25, 26, etc., established residential hubs towards the north eastern suburbs of Panchkula city. Further, the subject property forms part of Devinagar-Chowki village micro market, located off Zirakpur-Shimla Highway (NH-22) and Panchkula- Dehradun Highway (NH-73) along the banks of River Ghaggar. It is located diagonally opposite Panchkula Technology Park Sector 22 (viz. proposed IT/ITes hub of Panchkula). The area in which the subject site is located is primarily characterized by residential activity, comprising of independent dwelling units as well as proposed IT / ITeS developments. Further, the subject micro market is also characterized by hilly area reserve forest and I.T.B.P. (viz. restricted belt of TBRL).
The subject micro market is characteristic by the presence of North Park (subject property), Bella Vista, KC Royal Park, Fort Ramgarh, etc. in business and premium category. The subject region has witnessed demand for quality accommodation catering to mainly government employees, business travelers (IT/ITES & Non IT segment) and tourist.
The site is accessible from an existing two lane metalled road (viz. approximately 80 ft wide, Sector 32 central spine road as per the Development Plan of Panchkula Extension). The property has a frontage of approx 566 ft on the said road.

Site Measurement

Site connectivity by Three modes of Transportation

The site is 10 km from the Airport, 7 km from the Railway Station, 2 km from the Panchkula city center and 12 km from Chandigarh. The site is 500 meters from Delhi–Shimla highway and 200 meters from Chandigarh–Dehradun Highway and has the famous Ghaghar River flowing on one side. The site has a great visibility from the Delhi – Shimla highway

The site location is in close proximity with IT/ITES Technology parks.

Proximity to Residential Area.

Developing Areas in Surrounding

SWOT Analysis

Strengths The subject property is Strategically located in close proximity of sector 2,4,6,25,26 etc established residential hubs towards the north eastern suburbs of panchkula city. Overall development of Panchkula as an IT, medical and educational hub. Sector 22, part of Sector- 32 is prominent upcoming IT/ITES hubs of the city. Professional hotel consultants and operators and a well planned, researched hotel concept. Established, reputable owners & developers. Experienced Promoter with established track record with an existing 4 star Running Hotel in Place. Partial New Hotel Project Debt funding already tied up.

Weakness Air connectivity for the city- insufficient air carriers commuting to and from the city.

Opportunities Early mover advantage in the luxury category hotels. To cater to the high demand for residential area. Create a ‘World hotel’ frequented by domestic and international business travelers etc Increased number of NRI’s and foreign tourists visiting Chandigarh Chandigarh Tri City is picking up as an IT & ITES destination.

Threats A large number of competitive properties in the pipeline. Overheating of market and failure to deliver Interest rate deterioration Project delays and cost overruns Delays with planning and / or development