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 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||36000 to 45000|
|Plot Size 200syd||30′ X 60′||8||35000 to 40000|
|Plot Size 300syd||36′ X 75′||12||30000 to 40000|
|Plot Size 400syd||40′ X 90′||16||27000 to 34000|
|Plot Size 500syd||50′ X 90′||20 (1-Kanal)||26000 to 32000|
|SCO Size 100syd||18′ X 50′||SCO Plot (Showroom)||158 Lakh|
|Booth Size 10syd||10′ X 9′||Booth (Commercial)||17 Lakh|
|Booth Size 20syd||20′ X 9′||Booth (Commercial)||36 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
Available Gmada Sector 88-89 SCO plot for immediate sale (25-Jan-2019)
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.
|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 Sector 88/89 Rate | Download Files
Sector 89 Mohali Prices | Quick Links
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.
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 88-89 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.
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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