Aerocity Mohali

Aerocity Mohali (GAMADA) , Near Upcoming International Airport Mohali near Chandigarh (PUDA plots)

GMADA Aero City Mohali is coming up with mix land use development near Chandigarh International Airport



Aero City Mohali
Mohali’s first urban residential estate near the upcoming international airport gets its name
Scheme  launched in June: Local property owners will be eligible to apply(Scheme closed on 06th July 2010 )
The Greater Mohali Area Development Authority (GMADA) has named its first residential urban estate in the vicinity of the upcoming international airport as Aero City Mohali. A total of 3,950 plots, ranging between 125 square yards (5 marla) and 500 square yards (1 kanal), will be allotted through a draw of lots at a reserve price of Rs 12,000 per square yard (Rs 3 lakh per marla).

1. The price for corner plot shall be 5% extra.

2. The price for plot facing park (100% frontage) shall be 5% extra.

3. In case both the above (1 & 2)apply, the price shall be 10% extra.

4. 5% rebate on the price shall be given to applicants under physicaly handicapped quota.

5. Reservation of plots for reserved categories shall be maintained as per punjab Government Policy.

TERMS & CONDITIONS

1. 10% of the plot price is to be deposited along with the application.

2. 15 % of the plot price is payable within 30 days from the date of issueof Latter of intent (LOI).

3. 5% price + extraprice (on account of corner or facing park or both + assitional price, if any) is payable at the time of delivery of possession.

4. Remaining 70% would be payable as per the payment plans given aside (Plan A, B & C).

For details of Aero City Mohali, please refer to the brouchure.

Size	Total Plots	Rate per sq.yard	Earnest Money	Tentative Price
(in sq.yd.)	Available
500	650	12,000/-	6,00,000/-	60,00,000/-
400	50	12,000/-	4, 80,000/-	48,00,000/-
300	730	12,000/-	3,60,000/-	36,00,000/-
250	520	12,000/-	3,00,000/-	30,00,000/-
200	800	12,000/-	2,40,000/-	24,00,000/-
150	550	12,000/-	1,80,000/-	18,00,000/-
125	700	12,000/-	1,50,000/-	15,00,000/-

Payment Plans for GMADA AERO CITY MOHALI

Plan A:     If the allottee deposits the balance 70% price in liump sum within 60days of the date of allocation letter/Letter og intent, 10% rebate shall be allowed.

Plan B:         Allotment are entitled to pay 70% of the amount without interest in seven bi-monthly equated installment from the date of issue allocation letter/Letter on Intent.

Plan C:          Allotteesare entittled to Pay 70%of the amount along with interest @ 10% p.a. payable half yearly, in 7 half yearly instalments from the date of  allocation letter/Letter on Intent.

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

Plots are now available on resale 09815288999