For more details regarding this product contact:   Baljeet Singh |  : +91-75088-55555 |  : baljeet.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.
  • Residential plots allocated under Land Pooling & through GMADA draw scheme (325 plots).
  • Scheme of Plots was opened at a price of Rs. 23,500/- PSY with a payment plan of 5 Years.
  • Land Pooling Plots were allocated to farmers against their land which was acquired for IT City.
  • Residential plot size available are 100-150-200-250-300-400-500 Square Yards. 
  • Bank Loan is not available directly but through Collateral Property, which means another property shall be mortgage against Homeloan.

 

 

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 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

Type Size Dimensions Tentative Rate (PSY) Price Range
Land Pooling 100 20' X 45' 31000 3100000
Land Pooling 150 22.5' X 60' 35000 5250000
Land Pooling 200 30' X 60' 27500 5500000
Land Pooling 300 36' X 75' 25200 7560000
Land Pooling 400 40' X 90' 21500 8600000
Land Pooling 500 50' X 90' 23200 11600000

Highlights

  • Prices are very competitive i.e. 1/4th as compared to nearby Mohali sectors 66-67, which are mere 2 KM away.

  • Located Adjoining to Aerocity, where people have already started construction of independent houses.

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

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

  • 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 2500 (aprox) High-rise Apartments are already under construction ranging 2 to 4-BHK.


Allotment Price & Transfer Details

  • Allotment Price: Rs. 23500/- PSY 

  • Transfer Charges: 2.5% of the Allotment Price plus Processing Fees of Rs 3300/- & Service Tax of 14.5% 

  • Premium of Allotted Plots: All Sizes available at par.

     

 

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 - Residential Plots  on Google Map

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