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

Overview

  • Sector 88-89 are developed by GMADA itself
  • Plots allocated by GMADA to farmers under Land Pooling Scheme against their Land acquired
  • Allocation of plots is done through LOI (Letter of Intent), which is transferable.
  • Available Sizes of Residential Plots are 100-200-300-400-500 Square Yards.
  • Development work for Sector dividing roads has already been started.
  • Mohali's 1st Sectors planned on Chandigarh’s Sector Plan i.e. divided into 4-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. 
  • GMADA has already start offering Possession of 1200 Apartments in Purab Premium Apartment 
  • Already connected through road network with School, Hospital, Market & Gurdwaras in vicinity. 

 

 

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 plots is expected by June 2017.  

 

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 to purchaser within 30 days from date of submission.

 

E). Construction Clause after Possession

  • GMADA provides 3 years time to construct the Property after possession is handed over. After 3 years, Minimum 25% construction of the covered area of Ground Floor is required else Extension Penalty is charged, which is tentatively 1 - 2.5% of Collectoral rate of property.

 

 

Size & Prices

Size Dimensions Tentative Rate (PSY) Price Range
100 20' X 45' 30000 3000000
200 30' X 60' 26500 5300000
300 36' X 75' 23200 6960000
400 40' X 90' 21200 8480000
500 50' X 90' 20700 10350000

Highlights

  • Attractive Price Range of residential plots as compare to nearby inhabited Sectors of Mohali.

  • Sector 71 located just 1.2 KM, has a price range of Rs. 60000/- to Rs. 65000/- PSY.
  • Sector 77 located just opposite, has price range of Rs. 35000/- to Rs. 50000/- PSY.
  • Sector 90-91 located adjoining, has a price range of Rs. 32000/- to Rs. 40000/- PSY.
  • District Administration & Court Complex (DAC Complex) located across the road, where Mohali Court has already been shifted & operational.
  • Prefered Area of Govt Employees as various Government Departments (DC Office, SSP Office etc) shall be shifting in DAC Complex soon.


Allotment Price & Transfer Details

  • Circle Rate: Rs. 25000/- PSY

  • Transfer Charges: 2.5% of the circle rate plus Processing Fees of Rs. 3330/- along with Service Tax @14.5% on both. 

 

Lastest Product Development

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Key Distances

 

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 - Residential Plots  on Google Map

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