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′ 28000 5600000
300 36′ X 75′ 22000 6600000
400 40′ X 90′ 18000 7200000
450 45′ X 90′ 18000 8100000
500 50′ X 90′ 17000 8500000
Bay Shop (60) 12’ X 40’ 5600000
SCO Plot (121) 18’ X 50’ 9800000

 

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