Sector 88-89 Land Pooling Plots
Gmada Sector 88-89 Land pooling Plots near Hero Homes Mohali
Gmada has acquired land in these sectors from the original owners (Farmers) to develop these strategically located sectors. In lieu of their (Owners) land gmada has offered them compensation in terms of money or land for land in these sectors (Sector 88/89, Mohali). For one acre gmada has offered them 1000 sq yd residential plots and 100 syd commercial showrooms. This is called landpooling scheme. Most of the original owners have opted for this landpooling scheme as they find it more beneficial than to take compensation in terms of money. So now these land pooling plots are available in resale here at much cheaper prices and that too in the heart of the city. GMADA allotted confirmed LOI (Letter of Intent) to the farmers whose land is acquired. Sector 88-89 land pooling plots LOI is available in resale and is transferred by GMADA in the name of Purchaser after submitting transfer fees of 2.5% of the circle rate of the plot to GMADA. Sector 88-89 Land Pooling Plots is near to residential project of major developers like Wave Estate, Emaar MGF, Pearl, TDI, Unitech, Preet City, Ireo, JLPL, Bestech, Yellowstone, Hero Homes etc
Under land pooling scheme, the farmers of It city Mohali are not charged any stamp fee for getting the plots registered in their names. They are also given an additional time of two years or more for construction on the gmada it city plots allotted to them for housing and commercial purposes. Besides this, the farmers are paid rental from the day of land acquisition till the date of physical possession of it city plots Mohali under this land pooling scheme. This rental had fixed by the district collector concerned. GMADA had given an annual land rental of 30,000 per acre under the land pooling scheme in 2012. At present, the annual rental of farmland around Mohali is between 40,000 and 50,000 for an acre. The land, which doesn’t have irrigation facility, also fetches at least 30,000 per acre.
Gmada Sector 88/89 Rate | Download Files
- Gmada Sector 88 89 Location Map.pdf
- Gmada Sector 88 89 Site Map.pdf
- Gmada Sector 88 89 Site Map Color.pdf
- Tricity Mohali Map Sas Nagar.pdf
Sector 88-89 Land Pooling Plots | Quick Links
SCO In Sector 88-89 Mohali | Landpooling Plots
A total of 2237 residential plots of various sizes including 457 plots of 100 sq yds, 596 plots of 200 sq yds., 548 plots of 300 sq yds. 190 plots of 400 sq yds. & 446 plots of 500 sq yds have been carved out in these sectors to be allotted to the land owners of land pooling scheme. Against 1 acre of land acquired, a land owner will be allotted a residential plot of 1000 sq yds and commercial plot of 100 sq yds. The land owners were given option of cash compensation as well as of land pooling against their acquired land. Land owners will have the option of having size of plots according to their choice. For example against 1 acre of land acquired the land owner can have plots of size of 500,400,100 sq.Yard 500,300 or 200 sq.Yard.
In case of commercial land to be allotted no option would be given to the land owner in choosing the size. Commercial space will be allotted in a preferential manner going from big to small size. Allottement of booth residential & commercial sites will be done through draw of lots. Land owners can apply for land pooling jointly or in dependently. Booth will be allotted instead of a site in case of land acquired from 10 sq.Yard to 40 sq.Yard. There booths will be constructed by gmada, but cost of construction to be incurred will be paid in advance by land owners. The letter of intent of sector 88-89 land pooling plots is transferable by way of sale, gift, or otherwise with the prior permission of estate officer, gmada, sas nagar subject to payment of 2.5% of the price of the plot at scheme rate. Processing fee and service tax will be charged extra.
Gmada Sector 88/89 Landpooling Plots | Project USP
Gmada Landpooling Sco Plots | Project Highlights
District Administration & Court Complex (DAC Complex) located across the road from Gmada Sector 88/89 Plots. Mohali Court has already been shifted & operational in DAC Complex. Gmada Sector 88/89 is prefered Area for Govt Employees as various Government Departments (DC Office, SSP Office etc) shall be shifting in DAC Complex soon. Gmada Sector 88-89 is strategically located in the center of Mohali. Gmada Sector 88/89 Site Map shows Mohali City Park in Sector 97 (proposed to be equivalent to half sector in size) which is also in neighborhood of Gmada Sector 88-89 Mohali. Gmada Sector 88 & 89 is strategically located in the center of Mohali. Gmada Sector 88/89 plots are available on attractive price as compare to nearby inhabited Sectors of Mohali. Biggest campus of Infosys sprawling over 50 acres is coming near to Gmada Sector 88-89. Gmada Sector 88-89 Mohali is also near to upcoming World-class technology university in 50-acres site. Gmada Sector 88/89 is the first Sectors of Mohali that has planned on Chandigarh’s Sector Plan i.e. divided into 4-parts A, B, C & D.
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