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news details
Sushma Group attracts investments from Jammu
3/5/2020 10:44:40 PM
Early Times Report
JAMMU, Mar 5: Sushma Group, one of the largest real estate developers from Punjab organized a press conference in Jammu to showcase their projects to the dwellers of the city and to invite their interest towards investing in Tricity. The group presented their projects and elaborated the residents about the current status of the real estate sector and the Executive Director of Sushma Group announced its limited period special plans "Lease Rent Guarantee Offer" and also came forth with the benefits of investing with SUSHMA Group.
Under the lease rent guarantee offer, the group is extending attractive offers to the residents of Jammu. Wherein the group is providing a fixed lease of 8% on under construction property and 7% on ready to move in property on investing in Sushma's commercial projects. These attractive offers are being extended on almost all commercial projects located at prime locations of Tricity including Chandigarh-Delhi National Highway, Peer Muchalla and Airport Road. The remarkable thing is the group has variety of spaces with lease guarantee for restaurants, office spaces, SOHO, food courts, showrooms etc. ranging from 30 lakhs to 4 crores.
Jammu is one of the major contributors in the real estate development of Tricity and as per the records of the company in Q4 CY 2019, J&K has constituted to 12% sales of Sushma Group. Also, on the basis of a research report, Tri City has only 24 months of unsold inventory thus showing a substantial growth in the real estate sector of the region.
Group has recently launched its magnificent commercial project- Sushma Pristine spread over an area of 6 acres on PR-7 Airport Road in Mohali. Through the journey of a decade, SUSHMA has already delivered 10 residential and commercial projects in Tricity, naming few- SUSHMA Grande, SUSHMA Infinium, SUSHMA Homework, SUSHMA Villas, SUSHMA Elite Cross, SUSHMA Green Vista, SUSHMA Urban Views, SUSHMA Atrium, SUSHMA Crescent and SUSHMA Urban Plaza. Each of its projects define quality living with remarkable Post Management and professional Support team for maintaining the delivered projects.
Prateek Mittal, Executive Director, SUSHMA Group said, "Over the past few years there has been rapid infrastructural development in Tricity, specifically in Zirakpur and its periphery. The 24/7 functionality of Chandigarh International airport with added international destinations has given a further boost to Tricity's real estate. According to recent reports real estate market of tier 2 cities are performing better than tier 1 cities and in the category of tier 2 market, Chandigarh is performing better than the rest of the cities."
"Talking about Jammu, the region is very vital for our group and has been a significant contributor with a maximum demand of people. With major developments happening in Tricity and with our projects in the vicinity, specifically at all the central locations in Zirakpur, we aspire to attract a large number of buyers and investors from Jammu. Also, we are participating in estate avenues real estate expo happening on 7th-8th March and invite people of Jammu to attend the expo to know more about Sushma Group and resolve their queries related to property".
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