Gmada Ecocity Phase 2 Plots Prices
Latest Prices of Gmada Ecocity Phase-2 Landpooling Plots at Mullanpur
Plot Sizes and Prices
Size | Dimensions (feet) | Tentative Rate (PSY) | Price Range |
100 | 20′ X 45′ | 37000 | 3700000 |
150 | 22.6′ X 60′ | 31500 | 4725000 |
200 | 30′ X 60′ | 28500 | 5700000 |
300 | 36′ X 75′ | 23000 | 6900000 |
400 | 40′ X 90′ | 20000 | 8000000 |
450 | 45′ X 90′ | 19000 | 8550000 |
500 | 50′ X 90′ | 19000 | 9500000 |
Bay Shop (60) | 12’ X 40’ | 6600000 | |
SCO Plot (121) | 18’ X 50’ | 11500000 |
Transfer Details
- Allotment Price: 21000/- PSY for Residential Plots upto 300-Syd and 23000/- PSY for Residential Plots for 400 and 500-Syd, Rs. 1-Lakh PSY for Commercial Plots.
- Transfer Charges:5% of the Allotment Price plus Processing Fees of Rs. 3330/- along with Service Tax @14.5% on both.
Overview
- Independent integrated township developed by GMADA.
- Strategically located very close to the Upcoming Medicity and Education City.
- Located near to DLF, Omaxe and Gmada Ecocity Phase-1, where people have already started construction of Kothies.
- Residential plots allocated under Land pooling & through GMADA draw scheme.
- Scheme of Plots was opened at a price of Rs. 21000/- and 23000/- PSY with a payment plan of 5 Years.
- Land Pooling Plots were allocated to farmers against their land which was acquired for Ecocity Phase 2.
- Residential plot sizes available are 100-150-200-300-400-500-1000 Square Yards.
- Bank Loan is not available directly but through Collateral Property, which means another property shall be mortgage against Home loan.
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
- Possession of plots is expected by Dec 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 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.
Highlights
- Prices are very competitive i.e 1/2th as compared to nearby Residential Sectors Like Omaxe, DLF and Gmada Ecocity Phase-1 which are mere 2 to 4 KM away.
- Located near to DLF, Omaxe and Gmada Ecocity Phase-1, where people have already started construction of Kothies.
- Strategically located very close to the Upcoming Medicity and Education City.
- Tata Cancer Hospital – Foundation Stone laid by Prime Minister, coming in vicinity
- Prime Location Approx. 10-Kms. from PGI and PU Campus