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′

21000

2100000

150

22.5′ X 60′

18000

2700000

200

30′ X 60′

16500

3300000

300

36′ X 75′

14500

4300000

400

40′ X 90′

14000

5600000

500

50′ X 90′

13500

6750000

SCO Plot (121)

18’ X 50’

 

6900000

Bay Shop (60)

12’ X 40’

 

3300000

Booth (10)

10’ X 9’

 

700000

Booth (20)

20’ X 9’

 

1400000

 

 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