GMADA IT City Plots Scheme 2018 Live Draw Result of 753 residential plots in Mohali
Here is the result of GMADA IT City Plots Scheme 2018 Live Draw Result of 753 residential plots in Mohali
Result of 129 no.s 300 square yard Plot has not been uploaded by GMADA yet.
Draw Concluded on 14-06-2018. List of Successful applicants will be displayed as per scheduled date i.e 15-06-2018.
Greater Mohali Area Development Authority has launched a new residential plot scheme at the prime locations of IT City, SAS Nagar Mohali for the allotment of 753 residential plots. The new residential plot scheme 2018 of GMADA comprises of total 753 plots, available in six different sizes including 100, 150, 200, 300, 400 and 500 sq yards. Applications are being offered through both online and offline mode of registrations from 14th April 2018 and last date is 16th May 2018.
Scheme Name: Greater Mohali Area Development Authority(GMADA ) IT City Residential Plots Scheme 2018
No. of Plots : 753
Authority Schemes Viewpoint/Analysis/Review(Whether one should apply for this scheme or not!)Greater Mohali Area Development Authority Scheme 2016 for GMADA IT City Residential Plots:
Greater Mohali Area Development Authority (GMADA) is offering 753 residential plots in IT City, one of the prime locations in SAS Nagar, Mohali. IT City is a vibrant project of GMADA being developed in an area of 1685 acre in the vicinity of International Airport parallel to Airport road & PR-9 connected with Kharar – Banur road. Plots are being offered at an affordable rate of Rs. 25,000/- per square yard.
In the earlier scheme launched by GMADA on February 28 and closed on April 15 in 2014, more than 50 per cent of the total 325 allottees in different categories of plots had surrendered their plots within one year of the allotment.Against the GMADA price of Rs 23,500 per sq yard, the plots were available for around Rs 16,000 per sq yard in the open market. In the scheme of 2016, plots were offered at Rs 20,000 per sq yard which found few takers.
IT City enjoys a preferential location as it is located near the international airport. The site is easily accessible from Chandigarh, Delhi and major towns of Himachal Pardesh and J&K. The project is in vicinity of Aero City, another prestigious project of GMADA, where renowned companies such as World Trade Centre are going to start their business venture. Also various medical and educational institutes such as Fortis Hospital, IISER, ISB are closely located to the site.
Rate of Rs. 25,000/- per square yard being offered is high from our point of view and therefore one cannot expect appreciation in near term and people may look from end use perspective only.
Mohali International Airport is 1.5 km
Gmada Aerocity: 0.5-Km
Railway Station, Mohali is 1-km
Railway Station, Chandigarh is 10Km
Administrative cum Judicial Complex, Mohali is 8-km
Sector 62(City Centre), Mohali is 6-km
ISBT, Mohali is 12-Km
ISBT, Sector 43, Chandigarh is 9-Km
Fateh Burj at Chappar Chiri: 8-KM
Quark City and other IT Institutes: 6-Km
Mohali Cricket Stadium: 6-Km
NIPER and Fortis Hospital: 5-KM
You are invited to share your valuable views,opinion,review,analysis and feedback on Greater Mohali Area Development Authority Scheme 2018 for GMADA IT City Residential Plots by writing a comment below for healthy discussion. Views opposite to what is mentioned above are most welcome :
Details of Greater Mohali Area Development Authority Scheme 2018 for GMADA IT City Residential Plots
Note: Registration under RERA for this scheme is not required as the partial
completion of the area in which the plots are being offered has already been
granted vide letter No. GMADA/C.E./2017/1136-50 dated 28-04-2017.