Is Flat at The Eastern Park costly compared to other residential colonies on Chandigarh Road, Ludhiana?

Chandigarh Road in Ludhiana is fast flourishing as the next developing residential hub of Ludhiana. In the past 3-4 years, many new housing projects have been launched on this road. Due to its proximity to the workplace and infrastructure development, this location has become the next investment destination in Punjab. However, despite new projects, more organized housing townships need to be here.

The Eastern Park is an integrated township launched in the greenest part of Chandigarh Road. Further, unlike other new projects near manufacturing plants, the project is located in the Residential zone.

About the Project

Harmony of The Soul, Mind, and Body is the key to ultimate Happiness. This philosophy is known as “The Trivedi Effect” in our scriptures. Set amidst the Greenest and Exclusive residential Zone of the East City, Chandigarh Road, Ludhiana- The Eastern Park is conceptualized around this age-old principle.

Our Strategic location, unique architecture, open spaces, Large and influential community of 1000 families & fully secured life bring you & your loved ones the best of Life they deserve.

Approvals

About Project

Lifestyle Utilities

RERA Approved Project under Affordable Housing concept

18 Acres development

18+ Lifestyle amenities with 16000sq ft. Clubhouse ‘Clarke’- Indoor all-weather swimming pool, Private Movie Audi, Modern Gym, Party Hall, Guest rooms, etc.

Dedicated car parking for each home

Far from Factories in Exclusive Residential Zone

1.5 acres central Green Park with 375mtrs. Synthetic Joggers Track

Up to 90% Funding available from all Major Banks including- SBI, PNB, Axis, AU Small Finance Bank, UCO Bank, BOB, OBC, Corporation bank

81% open and Green Area with 425+ Trees and innumerable Shrubs inside the Township

3 Tier Security

Possession by July 2022.

10 Shops to fulfil all daily needs within the Gated development

24 hrs Water supply, Piped Gas & Electricity

Amenities

The Eastern Park is fully equipped with everything you need to entertain you and your family. Its sprawling 16000 sq. ft. The clubhouse has all kinds of recreational amenities, including a Library, Crèche, Mini Theatre, Health Club, Tennis Court, Swimming Pool, Kids’ Pool, Outdoor Party Area, Banquet Hall, Gym, Snooker, Table Tennis, Other Indoor Games, Kids’ Play Area, as well as provisions for a Convenience Store.

Comparison of price between The Eastern Park and other options

Barring Sector 32, Sector 39, and Vardhaman Park, most of the residential localities in Chandigarh are unorganized.


The price of Home at The Eastern Park as on 23 August 2023 is-

Configuration

Price (in Rs Lacs)

Semi Furnished 1BHK

23.99

Semi Furnished 2 BHK

42.99

GST & Statutory charges extra



Below is the tentative EMI schedule for purchasing flat at The Eastern Park

Configuration

1 BHK

2 BHK

Tenure

30 Years

30 Years

EMI before Subsidy

15442

27672

Assumption- 80% LTV, ROI 9.00%


Price of Home at other locations -

32 Sector

39 Sector

Vardhman Park

GK Estate

33 Ft road

Rahon road

Bhamian Road

Plot Price (in ₹ per Sq. yard)

45000

40000

50000

17500

15000

20000

15000

Home Price - (In ₹ for 125 Sq. yards)

80 Lacs

75 Lacs

90 Lacs

45 Lacs

30 Lacs

45 Lacs

30 Lacs

Home Price - (in ₹ for 150 Sq. Yards)

95 Lacs

85 Lacs

1.25 Cr

60 Lacs

45 Lacs

60 Lacs

45 Lacs

Home Price - (in ₹ for 200 Sq. Yards)

1.25 Cr

1.15 Cr

1.50 Cr

80 Lacs

65 Lacs

80 Lacs

65 Lacs

Tentative price as of 1st May 2023


As you can see, the price of a home at The Eastern Park is fractions of the cost of other options on Chandigarh Road. Further, The Eastern Park is an integrated housing township, which has the following additional advantages compared to other areas -

  1. a) Organised and developed roads and infrastructure
  2. b) 100% 3 tier security in and around the township
  3. c) Green Area with more than 425+ trees
  4. d) All sports facilities inside the project
  5. e) Schools and medical dispensary inside the four walls of the housing society