Gmada IT City Plots Prices
Rates of Gmada IT city plots available on Resale at Mohali
Gmada IT City Mohali has spreads over more than 1700 Acres at Sector 82-A, 83-A and 101-A. IT city Mohali will be meant for IT, ITeS, Bio-Technology, Research & Development facilities and other non-polluting industries. Gmada IT city plots Prices are very reasonable as compared to plots in adjoining sectors of Mohali. Gmada IT City would act as a major boost to the IT industry with promising creation of 20,000 jobs. IT Giants Infosys has already been allotted an industrial plot of 50 acres each along with 26 other IT companies at Gmada IT City Sector 82A Mohali. Gmada IT City Plots are located just adjoining to Gmada Aerocity where people have already started construction of independent houses. IT City Mohali offers Residential, Commercial and Industrial property in which 40% will be used for the development of IT Industry, 35% for residential purpose and remaining 25% for commercial activity. Gmada IT City Mohali Plots are adjacent to International Airport, 350 Acre Knowledge City, Indian School of Business (ISB) & Indian Institute of Science Education & Research (IISER). Prices of Gmada IT City Landpooling Plots are very competitive i.e 1/4th as compared to nearby Mohali sectors 66-67, which are mere 3-4 KM away.
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Project Glance of Gmada IT City Mohali
Project Name: GMADA IT-City Mohali
Project Area: 1680-Acre
Authority: GMADA (PUDA), Govt of Punjab
Location: GMADA Sectors 66-B, 82-A, 83-A, 101-A
LandMark: Near International Airport adjoining Gmada Aerocity
Allotment Type: Land Pooling Plots (LP)
Plot Size: 100/150/200/256/300/400/500-Syd
Size of Booth: 10/20-SYD
Size of Showroom (SCO) Plots: 100-SYD (18’ X 50’)
Total No. of Plots: 2983
Development Contractor: Larsen and Toubro (L&T)
Possession Expected: September 2018
Gmada IT city plots Prices
Allotment Price (Scheme-2014, Phase-1): Rs. 23500-Per Sq Yard.
Allotment Price (Scheme-2016, Phase-2): Rs. 20000-Per Sq Yard.
Preferred Location Charges: 10% of BSP for Corner or Park Facing
5% rebate in allotment price in case of allotment under disabled person category
Cancer Cess 2% of allotment price
10% of BSP for either corner or Park facing
15% of BSP for both corner and park facing
Loan is available from all major banks
Plots are available only on Resale with premium
Premium depends upon category, size of plot and Payment Plan
Transfer Charges: 2% of Allotment Price
Transfer Details of Gmada Plots Mohali
Allotment Price: Rs. 23500/- PSY for Residential Plots
Allotment Price: Rs. 1-Lakh PSY for Commercial Plots.
Transfer Charges: 2% of the Allotment Price
Processing Fees of Rs. 3330/- along
GST @18% on Transfer charges and Processing Fees
IT City Mohali property details
Gmada IT City Residential Plots
100 gaj Plots – 4 Marla (20’ X 45’)
150 gaj Plots – 6 Marla (22.6’ X 60’)
256.66 gaj – 10 Marla (33’ X 70’)
200 gaj Plots – 8 Marla (30’ X 60’)
300 gaj Plots – 12 Marla (36’ X 75’)
400 gaj Plots – 16 Marla (40’ X 90’)
500 gaj Plots – 1 Kanal (50’ X 90’)
Gmada IT City Commercial plots
SCO Plots – 100 gaj (18*50 feet)
Small size Booths – 10 gaj (9*10 feet)
Medium size Booths – 20 gaj (9*20 feet)
Gmada IT City Plots at Mohali
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.
Land Pooling Plots were allocate to farmers against their acquire land.
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 in case of Land-pooling Plots.
Gmada IT city plots Prices and Transaction
Gmada IT City Ownership Documents
Letter of Intent (LOI) provided by GMADA
Gmada IT City Possession Status
Possession of plots is expected by June 2018
Bank Loan Availabilty of Gmada IT City Landpooling Plots
Bank Loan is available with Collateral (Secondary) Property, located anywhere in India. However, rate of interest charged on disbursement shall be of Homeloan only.
Transfer Procedure of Gmada IT City Mohali
At the time of Full & Final Payment, Standard prescribed format as provided by GMADA get sign by Seller and Purchaser submitted in GMADA Office along with Original LOI, Snaps, ID Proof and Address Proofs of both parties. GMADA issued new Original LOI to purchaser within 30 days from date of submission.
Construction Clause after Gmada IT City Plots Possession
GMADA provides three year time to construct the Property after possession is hand 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.
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