Gmada Areocity Mohali – Residential Plots

Gmada Areocity Mohali – Residential Plots

About  Aerocity Project

Aerocity has been strategically located very close to the airport yet it does not fall in the flight path making it the most sought after residential destination to live in the region. The international character of Mohali has got further strengthened with the Govt decision to upgrade the existing airport. Aerocity is proposed on 1000 Acres (approx) for Mix-Land-Use development comprising 3950 plots of variant sizes. Sites are reserved for Commercial, Institutional and Multi-storied Flats etc. The vision of GMADA to have an airport city near the airport will shape business dynamics and urban development in this century as much as highways did in the 20th, rail roads in 19th and sea ports did in 18th Century. Changi Airport in Singapore, Inheon in South Korea, Hong-Kong International Airport is some of the trendsetters in the world.

Luxury living at its best, this ultra-modern city is all set to become the commercial hub of Punjab, thanks to its strategic location. Close to all the important business destinations in Punjab & next to the Chandigarh International Airport, its commercial facilities will attract top business houses from all across the country. Moreover its 40 ft and 60 ft wide access roads for residential pockets, wide enough for lavish living , evenly distributed parks and other facilities in the residential clusters will deliver a fresh definition of new age living. Poised to deliver the best of both the commercial and residential worlds, the Greater Mohali area has been planned by “Jurong International”, the leading town planners and architects from Singapore.

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GMADA Aero City Mohali is coming up with 1000 acres of mix land use development abutting 200 wide road connecting Chandigarh International Airport.Gmada Aero City Mohali first urban residential estate near the upcoming international airport gets its name The Aerocity is located along both sides of the 200-foot-wide road starting from Sector 66-66-A to Chhat village on the Chandigarh-Patiala National Highway-64. Land measuring 800 acres (approx.) on both sides of the approach roads of the upcoming International Airport, beginning from Sector 66/82 to Village Chatt was acquired for the development of state of the art aerotropolis comprising institutional/commercial and residential use. Around 5000 residential plots are planned in Aerocity. 80% of development works including construction of roads, water supply, electrical and public health works etc. have been completed by M/s Larson & Toubro Limited. Target is to complete the project in December 2013. The total project cost of the development on the right side of the airport road is Rs. 141.30 crores, out of which approximately Rs. 90.34 crores have already been spent on various development works. On the left side, an amount of Rs. 65.13 crores has been spent on development, while the total amount earmarked for the development works is Rs. 123.71 crores

Gmada Aerocity Mohali

GMADA Aero City Mohali first urban residential estate is coming up with 1000 acres of mix land use development abutting 200 wide road connecting Chandigarh International Airport. GMADA has named its first residential urban estate in the vicinity of the upcoming international airport as Aero City Mohali. The new international airport will come up on an area measuring 300 acres, and will be equipped with all the world class facilities. This project will be developed in the form of an Independent Integrated Township. Aerocity will come up on both sides of the 200 ft. wide link road connecting International Airport from Sector 66-66(A) junction to Chandigarh-Patiala National Highway-64 near village Chhat.

Gmada Aerocity is adjacent to 350-Acre Knowledge City Sector 81, Mohali where ISB (Indian School of Business) & IISER (Indian Institute of Science Education & Research) are operational. Other major institutes that will be a part of the Knowledge City are:
NABI (National Agri-food Biotechnology Institute) in 35 acres
Bio-Technology Park in 80 acres
Management Institute in 70 acres

Gmada Aerocity Proximity

Near Upcoming Mohali International Airport
Near Janta Industrial Sector 82, Mohali
2-KM from Existing Mohali Sectors
Near to Delhi and Patiala Highway
4-KM from Mohali Cricket Stadium
5-KM from Fortis Hospital
Near Mohali Railway Station
Near Upcoming GMADA IT-City (1900 Acres)
Near Mohali Bus Terminal, Sector 66-A (Proposed)

As of today the site is accessible through 200 ft. existing road which, very soon will be connected to Upcoming International Airport on one side & also to a bye-pass on the other side connecting to major cities like Delhi,  Ambala, Patiala, Ludhiana, Kullu-Manali & J&K. It lies in the heart of the city bordering Sector 67-68 (Residential sectors).

Gmada Aerocity Project Details

Project Name: GMADA Aerocity
Developer: GMADA (PUDA)
Project Area: 1000-Acres
Total No. of Plots: 3950
Location: Near International Airport, Mohali
Plot Size: 125/150/200/250/300/400/500-SYD
Project Size: 6.9 Kilometer long and 0.66 Kilometer wide.
Development Contractor: Larsen and Toubro
Possession: September 2014

Gmada Aerocity Price Details

Basic Selling Price (BSP): Rs. 12000/- PSY (Rs 3 lakh per Marla).
Preferred Location Charges: 5% of BSP for Corner or Park Facing
10% of BSP for both corner and park facing
Plots are available only on Resale with premium.
Premium depends upon category & size of plot and Payment Plan
Transfer Charges: 2.5% of the BSP and processing fees of Rs 2500/-

Gmada Aerocity Payment Plans

Booking Amount: 10% of the BSP
Next 15% of BSP within 30 days from the date of issue of LOI
5% price + extra price (in case of PLC) is payable at the time of delivery of possession.
Remaining 70% would be payable as per the payment plans (Plan A, B & C).

Plan A: If the allotter deposits the balance 70% price in lump sum within 60days of the date of issue of LOI, 10% rebate shall be allowed.
Plan B: Allotment is entitled to pay 70% of the amount without interest in seven bi-monthly equated installments from the date of issue of LOI.
Plan C: Allotters are entitled to Pay 70%of the amount along with interest @ 10% p.a. payable half yearly, in 7 half yearly installments from the date of issue of LOI.

Note:
If allotters under plans B & C make the payment in lump sum at any time, rebate@5% shall be allowed on the balance outstanding principal amount.

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