GMADA to offer 6,000 flats in Sector 88 Mohali.


-For the first time since its inception, the Greater Mohali Area Development Authority (GMADA) will be offering over 6,000 pre-constructed apartments in Sector 88, Mohali.

-The scheme will be launched in the first week of December and allotments will be made through a draw of lots. Possession will be handed over in 30 months from date of draw.

-Apartments will be spread across 120 acres of land in Sector 88, with at least 50 per cent of the space to be used for open green spaces.

-GMADA will offer one, two and three bedroom flats with size ranging between 500 square feet to 1,500 square feet. All sizes come with an attached but independent entry servant quarter.

-The price range will be Rs 42 lakh for the smallest flats to Rs 65 lakh for the largest.

- Though bank finance will be available we are contemplating a three-year lock-in period on sale after possession so that need stands a better chance than greed.

-Each two and three bedroom flat come with a two-car underground parking. The scheme comes complete with a community centre, a club house and a dedicated 25 meter indoor all weather swimming pool, tennis courts, a skating rink, badminton courts and a 5,000 square feet gym.

-All flats are either North or East facing with big windows and balconies. Each flat is designed to let fresh natural air flow through. There will be convenient shopping. Markets will be a quick five minute walk for all the flats.

-The project also ensures 24-hour pressurised water supply for the convenience of the flat owners. There will be no overhead or rooftop water tanks. There will also be arrangements for recycled water for watering green areas.

- There will be piped metered LPG facility, garbage chutes, common generator backup, and underground electric cabling. A card plus finger-print security will be installed at the common entry.
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  • Flats scheme by Dec 7

    The Tribune, Chandigarh, India - Chandigarh Stories

    Flats scheme by Dec 7

    A scheme for the allotment of 4,500 multi-storey flats in Sector 88 and 89 and IT City will be floated before the code of conduct comes into force, officials in GMADA have said.
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  • what is this "code of conduct" anyway ?
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  • ATLGUY - Here you go.
    What is the Model Code of Conduct?

    It is intended to provide a level playing field for all political parties, to keep the campaign fair and healthy, avoid clashes and conflicts between parties, and ensure peace and order. Its main aim is to ensure that the ruling party, either at the Centre or in the states, does not misuse its official position to gain an unfair advantage in an election.
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  • Thanks. Much appreciated.
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  • Originally Posted by singhak
    Dear Gurdial - Just a question about ecocity mullanpur, If an NRI own a property in mohali/chd/pkl by resale , still is he eligible for this scheme - Thanks

    If you asking about whether he was eligible during the initial launch of the scheme- then yes, only in case he owns property in either Mohali or Cdh (but not PkL) for more than 5 years.

    However, now after the draw non of the restrictions apply- anyone can buy off the original allottee.
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  • Originally Posted by singhak
    Dear Gurdial Ji - Pls if you can clear the following context , Will be a great help for my firend. Many Thanks

    Those who own or were allotted at any time by a government agency a residential plot fully on lease hold or free hold basis in any of the Urban Estates developed by GMADA ,PUDA, Housefed or any other Government Agency or in Cooperative Societies to whom land was allotted by any of the government agencies in SAS Nagar (Mohali) Subdivision or Chandigarh or Panchkula in own / spouse / minor children’s name are not eligible to apply.

    Means if someone (includes his wife and children under the age of 18 years) has been an original allottee in any of the above said agencies schemes then he is not eligible. For example, if someone got a plot in Aerocity or a flat in Army Welfare scheme- then is not entitle to apply.

    This would not apply in case of purchase in resale.
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  • Originally Posted by singhak
    Thanks Gurdial , It means those having immovation properties acquired after the purchase from outside market are eligible to be considered. Thanks once again

    Yes...........................
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  • One cannot sell for 5 years from the date of LOI or 2 years from posession. So, who want to make quick money after draw, should not apply. Only those, who has capacity to hold investment for long time, should involve into it.

    By the way, any bank giving loan for applying? If somebody has information, please share....
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  • inquiry

    is there any NRI facility promotion for these flats?







    QUOTE=gurdial;283226]GMADA to offer 6,000 flats in Sector 88 Mohali.


    -For the first time since its inception, the Greater Mohali Area Development Authority (GMADA) will be offering over 6,000 pre-constructed apartments in Sector 88, Mohali.

    -The scheme will be launched in the first week of December and allotments will be made through a draw of lots. Possession will be handed over in 30 months from date of draw.

    -Apartments will be spread across 120 acres of land in Sector 88, with at least 50 per cent of the space to be used for open green spaces.

    -GMADA will offer one, two and three bedroom flats with size ranging between 500 square feet to 1,500 square feet. All sizes come with an attached but independent entry servant quarter.

    -The price range will be Rs 42 lakh for the smallest flats to Rs 65 lakh for the largest.

    - Though bank finance will be available we are contemplating a three-year lock-in period on sale after possession so that need stands a better chance than greed.

    -Each two and three bedroom flat come with a two-car underground parking. The scheme comes complete with a community centre, a club house and a dedicated 25 meter indoor all weather swimming pool, tennis courts, a skating rink, badminton courts and a 5,000 square feet gym.

    -All flats are either North or East facing with big windows and balconies. Each flat is designed to let fresh natural air flow through. There will be convenient shopping. Markets will be a quick five minute walk for all the flats.

    -The project also ensures 24-hour pressurised water supply for the convenience of the flat owners. There will be no overhead or rooftop water tanks. There will also be arrangements for recycled water for watering green areas.

    - There will be piped metered LPG facility, garbage chutes, common generator backup, and underground electric cabling. A card plus finger-print security will be installed at the common entry.
    CommentQuote
  • Your username should be sleep26 :bab (45):
    Jokes apart, these apartments were alloted, a lot of allotees withdrew their applications and GMADA is thinking about launching phase-2 to sell the surrendered flats.

    Nothing special for NRI in the last scheme. Although they were eligible to apply.

    Originally Posted by seep26
    is there any NRI facility promotion for these flats?is there any NRI facility promotion for these flats?
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  • https://api.indianrealestateforum.com/api//v0/attachments/fetch-attachment?node_id=37542
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  • Gmada should ask all investors that whether they are interested to continue in scheme? I am sure most will like to discontinue. So, Gmada should cancel the scheme and refund money to all. What ever construction is already done, that can be sold to builders in open auction. Gmada should not punish public for failure of their scheme.
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  • how much the plots cost in this sector? can you please share some information? thankyou.
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