Gmada IT City Plots Prices
Gmada IT City Plots Prices Sector 82A
Gmada IT City Plots Prices are very reasonable as compaed to prices of surrounding sector. Gmada IT City is independent integrated township developed by GMADA. Strategically located very close to the International Airport and adjoining to Gmada Aerocity, where people have already started construction of Kothies. Residential plots allocated in Gmada IT City is under Land pooling & through GMADA draw scheme (325 plots). Gmada Land Pooling Plots were allocated to farmers against their land which was acquired for IT City. Residential plot sizes available in Gmada IT City are 100-150-200-250-300-400-500 Square Yards. Bank Loan for Gmada IT City plots is not available directly but through Collateral Property, which means another property shall be mortgage against Home loan.
Gmada IT City Premium on New Allotment (Phase-2)
Allotment Price: 20000-Per Square Yard
Plot Size: 256-Syd, Premium 7500 (General Category)
Plot Size: 300-Syd, Premium 7000 (General Category)
Plot Size: 500-Syd, Premium 3000 (General Category)
Gmada IT City Mohali Rates for Landpooling Plots
Size (In SYD)
Tentative Rate (PSY)
20′ X 45′
22.5′ X 60′
30′ X 60′
36′ X 75′
40′ X 90′
50′ X 90′
SCO Plot (100)
18’ X 50’
10’ X 9’
20’ X 9’
Gmada IT City Mohali Plots | USP
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 and 750 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 sizes 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 Home loan.
Gmada IT City Mohali | Transfer Details
- Allotment Price: 23500/- PSY for Residential Plots, Rs. 70500-PSY for Commercial Plots.
- Transfer Charges:2.5% of the Allotment Price plus Processing Fees of Rs. 3328/- for residential and 6656/- for commercial plots along with Service Tax @14.5% on both.
SERVICE TAX @14%
100 @23,500 PSY
SCO-100 @70,500 PSY
Gmada IT City Plots Prices | 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.
Gmada IT City Location Map | 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.