For more details regarding this product contact:   Satnam Singh |  : +91-95011-83600 |  : satnam.castle@gmail.com

Overview

 

  • Independent integrated township developed by GMADA.
  • Strategically located very close to the International Airport.
  • Located Adjoining to Aerocity, where people have already started construction of Kothies.
  • Commercial plots allocated under Land Pooling Scheme by GMADA.
  • Land Pooling Scheme plots were allocated to farmers against their land, acquired for IT City.
  • Commercial plots allocated in 2 forms i.e. Booths & SCO Site.
  • Allocation of plots is done through Letter of Intent (LOI), which is transferrable. 
  • Size available for Booths are 10 & 20 Square Yards. 
  • Available SCO Sites are 100 & 121 Square Yards. 
  • Prices are very lucrative for commercial plots as compared to nearest sectors of Mohali. 
  • Construction work on various Industrial Plots allocated by GMADA directly to companies has already been started.

 

 

QUICK LOOK: PROPERTY & TRANSACTION ATTRIBUTES

 

A). Ownership Documents

  • Letter of Intent (LOI) provided by GMADA. 

 

B). Loan Availabilty

  • Bank Loan is available with Collateral (Secondary) Property, located anywhere in India. However, rate of interest charged on disbursement shall be of Homeloan only.

 

C). Possession Status

  • Development of Sector dividing road is awarded to L&T and on ground work started already. Tender of internal roads and basic amenities shall be awarded with in next 2-3 months. Possession of Commercial Plots expected by June 2018.  

 

D). Transfer Procedure

  • At the time of Full & Final Payment, Standard prescribed format as provided by GMADA get signed by both Seller & Purchaser submitted in GMADA Office alongwith Original LOI and Snaps+ID+Address Proofs of both parties.
  • GMADA issued new Original LOI (Letter of Intent) to purchaser within 30 days from date of submission.
 

Size & Prices

Type Size Dimension Price
Booth 10 10' X 9' 13.5 Lakh
Booth 20 10' X 18' 25 Lac
Showroom 100 18' X 50' 1.32 Cr

Highlights

  • Located adjacent to 350 Acre Knowledge City (Sector 81), where ISB (Indian School of Business) & IISER (Indian Institute of Science Education & Research) are already operational.

  • Adjoining Janta land Promoters Ltd (JLPL) Sector 82-83 developed as Non-polluting Industrial Area, where Industrial units are already operational.

  • Adjoining JLPL Sector 66-A, where High-rise Apartments already complete structures ranging from 2 to 4-BHK.

  • Other proposed institutes in Knowledge City are NABI (National Agri-food Biotechnology Institute) in 35 acres, Bio-Technology Park (80 Acres) and Management Institute (70 Acres)


Allotment Price & Transfer Details

  • Allotment Price: Booth - Rs. 70500/- PSY & Showroom - Rs. 94000/-

  • Transfer Charges: 2.5% of the Allotment Price + Processing Fees Rs 3330/- + Service Tax on both @14.5% 

 

Lastest Product Development

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Key Distance

 

Fortis: 7 Kms

 

International Airport: 2 Kms
 

Sports Stadium Sec-78: 5 Kms
 

Bestech Mall: 3.5 Kms
 

Knowledge City: 2 Kms
 

Ryan International School: 2 Kms
 

Railway Station: 3 Kms
 

Mohali Bus Stand: 5.5 Kms

Location of IT City - Commercial Sites  on Google Map

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