GMADA Aero City Mohali

GMADA Aero City Mohali (PUDA), Near Upcoming International Airport Mohali,Chandigarh

GMADA Aero City Mohali is coming up with 1000 acres of mix land use development abutting 200′ wide road connecting Chandigarh International Airport

Gmada Aero City Mohali

Mohali’s first urban residential estate near the upcoming international airport gets its name

Scheme  launched in June: Local property owners will be eligible to apply(Scheme closed on 06th July 2010 )

The Greater Mohali Area Development Authority (GMADA) has named its first residential urban estate in the vicinity of the upcoming international airport as Aero City Mohali. A total of 3,950 plots, ranging between 125 square yards (5 marla) and 500 square yards (1 kanal), will be allotted through a draw of lots at a reserve price of Rs 12,000 per square yard (Rs 3 lakh per marla).

IMPORTANT

1. The price for corner plot shall be 5% extra.

2. The price for plot facing park (100% frontage) shall be 5% extra.

3. In case both the above (1 & 2)apply, the price shall be 10% extra.

4. 5% rebate on the price shall be given to applicants under physicaly handicapped quota.

5. Reservation of plots for reserved categories shall be maintained as per punjab Government Policy.

TERMS & CONDITIONS FOR GMADA AERO CITY MOHALI

1. 10% of the plot price is to be deposited along with the application.

2. 15 % of the plot price is payable within 30 days from the date of issueof Latter of intent (LOI).

3. 5% price + extraprice (on account of corner or facing park or both + assitional price, if any) is payable at the time of        delivery of possession.

4. Remaining 70% would be payable as per the payment plans given aside (Plan A, B & C).

For details of Aero City Mohali, please refer to the brouchure.

Size Total Plots Rate per sq.yard Earnest Money Tentative Price
(in sq.yd.) Available
500 650 12,000/- 6,00,000/- 60,00,000/-
400 50 12,000/- 4, 80,000/- 48,00,000/-
300 730 12,000/- 3,60,000/- 36,00,000/-
250 520 12,000/- 3,00,000/- 30,00,000/-
200 800 12,000/- 2,40,000/- 24,00,000/-
150 550 12,000/- 1,80,000/- 18,00,000/-
125 700 12,000/- 1,50,000/- 15,00,000/-

Payment Plans for GMADA AERO CITY MOHALI

Plan A:     If the allottee deposits the balance 70% price in liump sum within 60days of the date of allocation letter/Letter og intent, 10% rebate shall be allowed.

Plan B:         Allotment are entitled to pay 70% of the amount without interest in seven bi-monthly equated installment from the date of issue allocation letter/Letter on Intent.

Plan C:          Allotteesare entittled to Pay 70%of the amount along with interest @ 10% p.a. payable half yearly, in 7 half yearly instalments from the date of  allocation letter/Letter on Intent.

Note: If an allottes under plans B & C make the payment in lump sum at any time, rebate@5% shall be allowed on the balance outstandingprincipal amount.

ELIGIBILITY CRITERIA FOR GMADA AEROCITY MOHALI

1. Must be a citizen of India.

2. Must have atlained the age of majority i.e. 18 yearsas on date of submission od application.

3. The applicant himself/herself or any member of his/her family sould not own any residential plot/house/flat alloted by any Government Agency at SAS Nagar. This means that the person who has purchased plot/flat/house by way auction or re-sale is eligible for applying the plot in this scheme. The family meanshusband, wife andminor children (less than 18 years of age).

HOW TO APPLY FOR GMADA AEROCITY MOHALI

affix a self attested passport size photograph in the application form attached with brouchure and the same should be submitted to any of the banks mentioned below, either in person or by post on or before th closing date. Application should be accompanied with earnest monry in the form of banker’s cheque/pay order/draft in favor of Estate Officer, GMADA, Mohali payable at the station where the application is sought to be submitted. Application found incomplete or defective in any respect or not duly signed by the applicant is liable to be rejected.

With 12 different public and private sector banks empaneled for the sale of brochures and receipt of application forms, the scheme would be launched in the first week of June, said GMADA Chief Administrator (CA) Vivek Partap Singh. He attributed the delay to several changes made in the terms and conditions of the policy, which was last formulated a decade ago when Mohali’s last residential urban estate was developed in Sector 76-80

NOTICE

Since all the applications are being received in the designated banks, no application should be sent by post or otherwise to GMADA’s office. Such applications will not be  included in the draw.

Refund of Earnest Money(In Gmada Aerocity Mohali)

Unsuccessful applicants shall be refunded their earnest money within 90 days from the date of draw.

Mohali, Punjab’s buzzing techno city Two lakh people, open space & fresh air. That’s what makes Mohali the perfect city future living.

Naturally, this meticulously planned City has been showered with attention from leading corporate houses & promonent national builders. Today it boasts of all amenities for modern, luxurious city living: Multiplexes, Shopping Mall, Hotels, Retailing Complexes, & Service Apartments etc. In addition, the PCA stadium is the pride of the city, ranks as it dose amongs the top cricketing Venuse in the world.

The International Character of Mohali has got further strengthened with the government’s decision to upgrade the existing airport. The new international airport will come up on an area measuring 300 acres, & will be equipped with allworld -class facilities.

Luxury living at its best, this ultra-modern city is all set to be the commercial hub of punjab, thanks to its strategic location. Close to all the important business destinations in Punjab & next to Chandigarh international Airport, its commercial facilities will attract top business housesfrom across India. Moreover, its 40′ and 60′ wide access road for residential pocket, wide enough for lavish living, evenly distributed parks & other facilities in the residential clusters will deliver a fresh definition of new age living. Poised to deliver the best pf both commercial been planned by ” JURONG International”, the leading town planners & architects from Singapore.

After Draw Plots are available on resale on Premium

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