Benefits of Lok Awas Homes

Welcome Home to Lok Awas – Luxury Living at an Affordable Price

In the last one decade, Mohali has seen an exponential growth, with the city emerging as the new financial hub for business, industry, health care, housing and educational institutes. With the new international airport now in Mohali, properties along the 200-feet road have not just been sold out, but have appreciated manifold.  Foreseeing this progress and with a vision towards the future, Vera Developers have conceptualized Lok Awas Mohali, the most affordable and lowest priced project under the Punjab Government Affordable Housing Policy 2018, starting at just Rs 22.90 lakhs in Mohali’s Sector 74-A, right along the 200-feet road.

In the vicinity of Lok Awas Homes are companies like Infosys, luxury malls, upcoming hospitals, and a golf course. Vera Developers are developing Lok Awas Mohali with a philosophy of not only making housing affordable, but offering state-of-the-art facilities and amenities for a life replete with comfort and ease. Beautifully designed, built with highest quality materials, centrally located, equipped with all modern amenities, Lok Awas Homes are perfect for families, corporates, business, vacation travellers and NRIs looking to invest in a home in Punjab.

Spread over 25 acres of prime land with ample green spaces within site, the Lok Awas Homes project has been curated on the lines of ‘Freedom from Rent’. Backed by the honest efforts of Punjab Government and Central Government of India, the intention is to make affordable housing a dream come true, especially for young working men and women starting their careers, who can save rent and own their home in an idyllic space, offering style, comfort, world-class amenities & superb quality.

Kindly go through the website to get a closer look at the project and all the benefits that you can avail of.

Benefits for Everyone

  1. Prime Location on 200 Feet internal road connected to 200 Feet Airport Road.
  2. Best Connectivity with 200 ft. wide road connecting to the Airport road, Shopping Mall, Hospital, Schools, Educational Institutes, Airport, Railway Station, Bus Stand etc.
  3. 24X7 Security and surveillance will ensure your homes security.
  4. With 24x7 power backup, you will not face the wrath of electricity failure.
  5. Enjoy price appreciation at an EMI which is lesser than the rent.
  6. 50% Lesser prices as compared to all other near by housing Projects in Mohali.

For First Time Home Buyers & Tenants

  1. Be a First Time Proud Homeowner at just 22.90 Lakhs.
  2. Get an interest subsidy on home loans upto 3% to 6.5% under PMAY 2018
  3. HomeLoan Tax deduction benefits of Rs. 3.5 Lakhs under section 24B and 80EEA
  4. Enjoy property price appreciation within a few years.
  5. Exemption in Income Tax on Rental Income.
  6. Affordable Home EMI's will end within a few years.
  7. Pay an EMI which is less than typical 2 BHK rent.

For Corporates/Business Travelers

  1. Enjoy creation of an asset, appreciation on your investment and subsidy under Affordable Housing Scheme.
  2. Affordable Homes at Lok Awas will cost less than a hotel stay and at the comfort of your own home.
  3. Located within 15 minutes of International Airport, Business Centres, IT Park, Shopping Malls and Hospitals.
  4. Business Centre at Lok Awas is a perfect place for Networking & Business Meets.
  5. Laundry facility available for you while on travel to keep you free from chores.
  6. Never miss your fitness schedule with inhouse Gym, Jogging track, Yoga Room & more.
  7. In-House Cafeteria, Restaurant and Banquet Hall for all your meal requirements.

For Vacation Travelers

  1. Affordable homes at Lok Awas are cheaper than the hotel rent for long‐term vacations every year.
  2. Get more space to stretch out, unwind, and enjoy by comparison, hotel rooms give you an average space.
  3. You will be able to cook healthy home cooked food in modern kitchen at Lok Awas.
  4. Detox your body in Gym, eat in the AC restaurant or explore a range of amenities.
  5. Laundry facility available for you while on vacations.
  6. Multiple swings, rides and recreational activities are available to make your kid's holidays memorable.
  7. You can also rent out your home. It will become a source of liquid cash flow, a secured asset and a premium home to enjoy the vacations every year in the vicinity of city beautiful.
  8. Lok Awas can become your stop over point for going to nearby destinations like Chandigarh, Kasauli, Shimla, Kufri, Kullu, Manali, Dalhousie, Haridwar, Mussoorie.

For NRI's

  1. Unmatched investment opportunity with Subsidy, ROI, Asset creation and future rentals.
  2. With Infosys shifting its office, Mohali has become an IT hub with huge demands for affordable rental houses. This demand will grow in the coming years.
  3. Secure Living space and full of Premium Amenities for your parents.
  4. All transit points like Bus Stand, Railway Station, Airport and Highways are only 15 minutes away.
  5. Connected with 200 Feet road you are right next to the best of Malls, Movie Theatres, Hospitals, Business Centres etc are all within reach.
  6. Tricity has one of the lowest crime rates across India. If you are willing to settle back in India, then Lok Awas Mohali offers you the safest environs.
  7. As this will be a RERA registered project, so you will need not to worry about the timely possession of the project.
  8. Online Regular construction updates at will help you to keep a check on construction progress of your home.
  9. Commitment to the project comes at a very low investment amount and Construction Linked Plan keep you updated regularly.

PG Students/Working Professionals

  1. Students and Working Professionals can now own their spacious home with an affordable EMI which is similar to their PG Rent.
  2. Live freely in your independent house, as there will be no restrictions or limitations on the entry/exit time.
  3. There will be no restrictions on social gatherings or invite friends/family members in your home.
  4. An in‐house library to give you the quiet study time whenever you require.
  5. These homes are affordable as well as spacious that will give you the freedom to use the whole space as per your choice.
  6. Bachelors/Working Professionals can benefit from sharing the home with colleagues or friends so as the EMI cost will also be divided.
  7. Amenities like Gym, Club, Sports Park etc. are free of cost.
  8. Restaurant, Laundry services, Ironing services, underground parking, Business Centre, Stationery Store, Convenience store and many more such amenities at your doorstep.
  9. Parents who are planning to send their children in Tricity for further studies can also invest at Lok Awas for future.
  10. Rents and PG after 5‐10 years are going to be very steep. You can invest and secure your child's future both for investment and education.

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