Zirakpur is getting a new set of rules for what a shopping center can be. Motiaz Group announced its ‘Motiaz Capital One’ project on June 29, and the company is betting that a state-regulated approval process gives the development a clear edge. The project has its Punjab Real Estate Regulatory Authority (RERA) number in hand: PBRERA-SAS79-PC0425-042026.
That registration is not a footnote. Under RERA rules, every commercial and residential project must register before advertising or selling.
Buyers and tenants get a legally mandated level of transparency on timelines, floor plans, and project status. Motiaz has cleared that hurdle before the first brick is laid. Mukul Bansal, the group’s Co-Founder and Managing Director, used the press conference to frame the project around a local deficit.
“Capital One is our vision of creating something Zirakpur has long awaited—a destination where commerce meets culture and community,” he said. That language is precise.
The company is not selling square footage. It is selling a zoning concept: mixed-use development as a policy answer to sprawl. Zirakpur sits at a junction of two major roads, NH-7 and PR-7, also called Airport Road.
The location has drawn residential colonies and retail strips for years. What has been missing, according to Motiaz, is a single integrated site that combines retail, offices, food, and entertainment under one RERA-approved umbrella. The company’s core philosophy for the project is “More Than Retail.
A Destination.” That is a direct challenge to the strip-mall model that dominates the area. The announcement also included a new corporate logo for Motiaz Group.
Bansal described the refreshed identity as a signal for “a forward-looking era.” He said the legacy would be “taken ahead with delivery of some very innovative projects.” The Capital One launch is the first of those. What the RERA registration means in practice is that the developer has committed to a specific completion timeline and project design. Buyers of office space or retail units can check the RERA website for updates.
The authority has the power to impose penalties for delays or deviations from the approved plan. That regulatory backstop is the difference between a promise and a binding commitment.
The company is positioning Capital One as an all-in-one lifestyle hub for Zirakpur, the tricity region of Chandigarh, Panchkula, and Mohali, and beyond. The planned mix includes premium retail brands, high-street shopping, signature restaurants, cafés, food courts, entertainment zones, and modern office spaces. That blend is not accidental.
It is the same formula that municipal planners in other Indian cities have tried to encourage through zoning reforms—density, walkability, and mixed use. RERA was created in 2016 to regulate exactly this kind of transaction. Before the act, buyers in unregistered projects had little recourse when builders missed deadlines or changed plans.
The registration number on Capital One is a public record that the developer has submitted its project details to the state authority. It is a piece of paper that carries legal weight.
Motiaz Group calls itself a leading real estate developer in the region. The company is now testing whether a RERA-compliant, mixed-use destination can fill what it sees as a gap in the local market. If it works, the model could push other developers toward similar integrated projects.
If it stalls, the RERA registration will give buyers a clear path to seek redress. The rules are already written.
The question is whether the destination lives up to them.
