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

Overview

  • Sector 88-89 are allotted by GMADA itself. 
  • Plots allocated by GMADA under Land Pooling Scheme to farmers against their Land acquired 
  • Allocation of plots is done through LOI (Letter of Intent), which is further transferable.
  • Commercial Plots allocated vide BOOTH (10 & 20 Sqyds) and SCO Site (100 & 121 Sqyds).
  • Development work for Sector dividing roads has already been started.
  • Mohali's 1st Sectors planned on Chandigarh’s Sector Plan i.e. divided into four parts A, B, C & D.
  • Highest Green Area reserved for Parks and Green Belts i.e. 9% (approx) as compared to 5-6% in other sectors of Mohali. 
  • Possession of 1200 High-rise Apartments in Purab Premium Apartments already start offering.
  • District Administration & Court Complex got already operational.
  • Hero Homes has launched their High-rise Apartments having 800 Apartments (aprox).  
  • Already connected through roads with nearby School, Hospital, Market & Gurdwara in vicinity. 
  • Expected Possession of Residential Plots in March 2017. 

 

 

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 Ek-omkar 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 Dimensions Price
Booth 10 10' X 9' 14 Lac
Booth 20 10' X 18' 25 Lac
Showroom 100 18' X 50' 126 Lac

Highlights

  • Attractive Price of plots as compared to nearby Sectors of Mohali.

  • Sector 71 located just 1.2 KM, has price range of 60000-65000 PSY.
  • Sector 77 located just opposite, has price range of 35000-50000 PSY.
  • Sector 90-91 located adjoining, has a price range 32000-40000 PSY.
  • Preference of Govt Employees as various Government Departments (DC Office, SSP Office etc) shall be shifting in District Administrative Complex. Judicial Court Complex as also across the road.


Allotment Price & Transfer Details

  • Circle Rate: Booth @Rs. 25000/- PSY, Showroom Site @Rs. 1 Lac PSY

  •  Transfer Charges: (2.5% of the Circle Rate) + (Processing Fees of Rs. 3330/-) along with Service Tax @14.5% on both. 

 

Lastest Product Development

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Key Distance

 

Distt Administrative & Court Complex : 0 KM

 
Gurdwara Singh Shahedan : 1 KM
 
Sector 71 : 1.5 KM
 
Fortis Hospital : 3 KM

Location of Sector 88-89 Commercial Plots  on Google Map

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