Gmada Plots Sector 88 89 Prices

Latest Prices of Gmada Sector 88/89 Landpooling Plots

Plots at Gmada Sector 88 & 89 are available on resale with reasonable premium. Gmada Sector 89 Mohali prices are very reasonable as compare to surrounding sectors in Mohali. Sector 88 89 Mohali has highest green area reserved for parks and green belts

Gmada Sector 88/89 Mohali Price of Resale Plots
Gmada Sector 88/89 Plot Size (in SYD) Sector 88 & 89 Plot Dimensions (in feet) Gmada Sector 88 89 Plot Area (in Marla) Tentative Rates of Sec 88/89 (in PSY)
Plot Size 100syd 20′ X 45′ 4 42000 to 50000
Plot Size 200syd 30′ X 60′ 8 38000 to 43000
Plot Size 300syd 36′ X 75′ 12 35000 to 40000
Plot Size 400syd 40′ X 90′ 16 30000 to 35000
Plot Size 500syd 50′ X 90′ 20 (1-Kanal) 30000 to 35000
SCO Size 100syd 18′ X 50′ SCO Plot (Showroom) 150 Lakh
Booth Size 10syd 10′ X 9′ Booth (Commercial) 17 Lakh
Booth Size 20syd 20′ X 9′ Booth (Commercial) 35 Lakh

Residential and commercial plots in sector 88-89 are allotted by GMADA itself. Plot Size available in Sector 88/89 Mohali are 100 sq yard, 200 square yard, 12 Marla, 400 Gaz and 1-Kanal. Plot Size of SCO (Showroom) is 100 syd. Sizes of booths available are 10syd and 20 syd

landpooling sector 89 mohali

gmada sector-89 plots for sale

Transfer Fees Details of Gmada Sector 88/89 Resale Plots

Transfer Charges is 2.5% of the circle rate of Sector 88/89 Plots in Mohali. Circle rate for Gmada Sector 88/89 is 25000 per square yard (PSY) for residential plots, 1-Lakh psy for SCO plots and 75000 PSY for Booths. In addition to processing fees, Gmada also charge Processing fees of Rs 4431 for residential plots and Rs 8860 for commercial plots in Gmada Sector 88-89 Mohali. Service Tax of 18% is also applicable on both Transfer charges and processing fees.

Transfer Fees and Processing Fees Details of Sector 88/89 Mohali Plots
Gmada Sector 88/89 Plot Size (in SYD) Sector 88 & 89 Transfer Fees Gmada Mohali Processing Fees Service Tax Sector 88 & 89 Total Amount
Plot Size 100syd 62,500 4,431 12,048 78,979
Plot Size 200syd 1,25,000 4,431 23,298 1,52,729
Plot Size 300syd 1,87,500 4,431 34,548 2,26,479
Plot Size 400syd 2,50,000 4,431 45,798 3,00,229
Plot Size 500syd 3,12,500 4,431 57,048 3,73,979
SCO Size 100syd 2,50,000 8,860 46,595 3,05,455
Booth Size 10syd 18,750 8,860 4,970 32,580
Booth Size 20syd 37,500 8,860 8,345 54,705

Gmada Sector 88/89 Mohali is coming up with 400 acres of mix land use development. Around 2133 residential plots are planned in Gmada Sector 88-89 Mohali. GMADA Sector 88 89 Mohali has only land pooling plots available in 4 – 20 Marla (100 syd to 500syd) residential plots and 10/20/100 square yard commercial plots. Gmada has available Sector 88-89 plots for sale at reasonable rate. Gmada Landpooling plots which are in resale at Sector 88/89 is available at much reasonable price than their neighboring sectors.

gmada showroom sector 89

plots in gmada sector 89 mohali

Gmada Sector 88/89 Rate | Download Files

Sector 89 Mohali Prices | Quick Links

gmada plots in sector 88

plots for sale in sector 88-89

Gmada Sector 88 & 89 Price | Property Transaction

Ownership Documents for Gmada Plots in Sector 88/89 Mohali
Letter of Intent (LOI) provided by GMADA.
Loan Availabilty for Gmada Land Pooling 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.
Possession Status of Gmada Sector 88 & 89 Plots
Development of Sector dividing road is awarded to Ek-omkar and on ground work started already. Tender of internal roads and basic amenities has already awarded. Possession of plots is expected by Year 2019.
Transfer Procedure for Landpooling plots in Mohali
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.
Construction Clause after Possession for Gmada plots in Mohali
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 sco in sector 89

gmada 1 kanal plot sector 88-89

Investment Prospects of Gmada Sector 88/89 resale landpooling plots

  • Attractive Price Range of residential plots as compare to nearby inhabited Sectors of Mohali.
  • Fully developed Sector 71 located just 1.2 KM, has a price range of Rs. 60000/- to Rs. 65000/- PSY.
  • Semi developed GMADA’s Sector 77 is located opposite just across the road, has price range of Rs. 45000/- to Rs. 55000/- PSY.
  • Sector 90-91 also developed sectors located parallel, has a price range of Rs. 40000/- to Rs. 45000/- PSY.
  • District Administration & Court Complex (DAC Complex) located across the road, where Mohali Court has already been shifted & operational.
  • Preferred Area of Govt Employees as various Government Departments (DC Office, SSP Office etc) shall be shifting in DAC Complex soon.
gmada sector 88 and 89 booth

mohali. residential plot available

Gmada Sector 88-89 Landpooling Price | Project Highlights

Sector 88-89 Mohali are allotted and developed by GMADA itself. Gmada has acquired 518.45 of Acres Land under Land-Pooling Scheme at Sector 88/89 Mohali. Plots are allocated by GMADA under Land Pooling Scheme to farmers against their Land acquired. Allocation of Sector 88 & 89 plots is done through LOI (Letter of Intent), which is further transferable. Sector 88-89 Mohali has no village, choe, high Tension wire or any other natural disadvantage. Hero Group has bought GMADA’s 18 Acre Site & has launched Apartments “Hero Homes” at Sector 88 Mohali. Gmada Sector 88/89 Mohali is the first sectors planned on Chandigarh’s sector Plan i.e. divided into four parts A, B, C & D. Sector 89 Mohali prices are very reasonable as compared to adjoining sectors.

plots in sector 88 and 89 mohali

gmada sector 88-89 mohali

Development work for Sector Dividing Roads and Sewarges already started in Sector 88 89 Mohali. Huge Green Spaces is developed in sector 88 & 89 Mohali. There is total 38 Parks which include huge green belt measuring 150” X 337.5” in sector 88 Mohali. Gmada sector 88-89 Mohali is already connected through roads with nearby School, Hospital, Market and Gurdwara in vicinity. GMADA had already given possession of 1200 Apartments in Gmada Purab Apartment. Sites for Gurdwara, Church, Primary & High School, Dispensary, Sports Complex, Community Centre, Fire and Police Station have already been marked in sector 88/89 Mohali.

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