Manali is an important hill station of northern India and is the destination of thousands of tourists every year. Its cool atmosphere provides a perfect haven for the ones afflicted by the hot Indian summers. Manali is also famous for adventure sports like skiing, hiking, mountaineering, paragliding, rafting, trekking, kayaking, and mountain biking. Manali is the only organized hill station of the North from where you can drive to snow covered peaks within 10-50 minutes – all the year round (Rohtang pass)
Phase-I is ready, position/Registration completed.
Exiting member and desired applicant can go and live there and spend time in the society
Cost of Flats
700 Sq Ft – 15 lakhs - for 1 bedroom + drawing + 1 bath + kitchen.
1500 S1 Ft - 29 lakhs - for 2 bed room + drawing + 2 bath + kitchen.
Floor Plans
Available in the downloadable E-Brochure.
Inclusions
Roof top Glass restaurant.
Common servants quarters on Ground Floor.
Health club, covered car parking and Gym
PLEASE NOTE THAT THESE ARE FULLY FURNISHED HOUSES AND THE COST IS ALL INCLUSIVE
PAYMENT SCHEDULE
Project started - 2 ½ years ago. Phase -1 (Double Bedroom Apartments), is complete, ready and Phase –II (Single Bedroom apartments) is now fast approaching completion. Likely completion of Phase-II is April 2010. Payment Plan for single bedroom apartments is as follows :-
Total Cost - 15 Lakhs
50000 on registration
25 % (4 Lakhs) within 1 month
25 % (4 Lakhs) - within 3 months
25 % - (4 Lakhs) - within 6 months
Balance on Possession – 2.5 Lakhs – Possession & Registration Latest by end June 2010.
Additional Charges for 3rd (Top) Floor - 2 Lakhs
Additional Charges for 2nd (Middle) Floor - 1 Lakh
Allotment of floors will be done after receipt of 50% payment
BANK LOAN
Bank loan is now available through UCO Bank, Manali.
REGISTRATION
For Himachalis - Property will be registered as free hold.
For Non- Himachalis - Property will be registered initially as lease hold and then converted to free hold. All procedures will be carried out by GOWO.
ROI
The project started 2 years ago. The RWA has been formed. One block of 2 Bedroom apartments is fully ready. Officers have got them registered in their names. Some families have started living there.
Once the project is completed by, GOWO will assist the RWA in generating returns from this property by renting it out to tourists.
We are already in talks with a few hotels, and travel companies, so that these apartments can be used as a resort / serviced apartment complex.
All members of this scheme will be automatic members of all societies that GOWO makes in future. Next we are looking at Simla / Kasauli, / Ranikhet, Nainitaal & Mussoorie.
APPLICATION PROCEDURE
Download application form from the web site.
Send the application form duly filled up along with DD for 50,000.00
Please pay 4 Lakhs within 30 days of application.
General Rules of GOWO shall apply.
Please send only drafts in favour of “GOWO”
Please send through registered post only to the mailing address of GOWO.
Receipt of registration amount shall be forwarded to applicants on their postal / mailing address.
