New allotments coming soon at GMADA IT city which will likely raise the price of resale properties… Property is transferable and we will provide full guidance for the process.
Booths, SCOs, and residential plots are available in IT City, Mohali at a reasonable price with incredible mid-term investment potential. Leave a message with us to sell an IT City plot, asking for more information, or Just to have a chat.
About Gmada IT City:
GMADA’s IT City is a dashing new project offering plots for IT industries, Residential areas, and commercial establishments. Gmada IT City is located in 66B, 82A 83A & 101A sectors, right on the 200 feet wide International Airport Road. 400 acres of the project will be used for industries, another 1100 acres for residential purposes and remaining 188 acres for commercial establishments including commercial plots, SCOs and booths.
Larsen & Toubro is doing the development of the project. They have a 5-year maintenance contract as well. Basic utilities like sewage, water drainage, water supply, electrical lines have already been installed. Parks and recreational space has been given much importance in the overall plan. They are evenly distributed throughout the project.
80% of the land was given to farmers (it’s called Landpooling allotments) and rest of them were allotted by draw. Landpooling and allotted plots are available for resale after full payments are made. All plots are reselling at a reasonable price. Considering the location, it has a good potential for growth.
Gmada IT City Address:
Gmada IT City, Sectors 66B 82A 83A 101A, Mohali
Gmada IT City Salient Features:
- NRIs can legally invest in residential plots
- Loans available on Landpooling plots from all national banks. For Alloted plots loans can be gotten on collateral property
- Secure Project by a government agency, GMADA.
- Internal roads are 40 feet and 60 feet wide
- 47% of the land allocated for Roads and Green
- Adjoining already developing the Aerocity project. Shared infrastructure with Aerocity and connected to Aerocity road
- 5 sites of 5 acres each already allocated for 5 Star Hotels
- Great scope for commercial activity due to being on International Airport Road and proximity to International Airport
- Great potential for medium-term investment
Gmada IT City Proximity:
- Mohali International Airport: 1.5 KM
- JLPL Industrial Plots, sector 82, 83: Adjoining
- Gmada Aerocity (rapidly developing): Adjoining
- Railway Station, Mohali: 1 KM
- Railway Station, Chandigarh: 10 KM
- Administrative cum Judicial Complex, Mohali: 8 KM
- Sector 62(City Centre), Mohali: 6 KM
- ISBT, Mohali: 12 KM
- ISBT, Sector 43, Chandigarh: 9 KM
- FatehBurj at ChapparChiri: 8 KM
- Quark City and other IT Institutes: 6 KM
- Mohali Cricket Stadium: 6 KM
- NIPER and Fortis Hospital: 5 KM
- Infosys Campus is set to be located nearby
- Upcoming World Trade Center will also be sector 82.
Details about GMADA IT City Project:
Allotment Rate:
• 2014: ₹23,500 per sq. yard.
• 2016: ₹20,000 per sq. yard.
*This does not include additional charges for special locations like corner plots and park facing plots. It also does not include rebates or subsidies given to a certain category of people.
**Transfer Charges: 2% of the allotted price + ₹3330 + 18% GST on transfer charges
Gmada IT City Plots sizes:
- 100 sq. yards (gaj) Plots = 4 Marla—Dimensions: 20 * 45 feet squared
- 150 sq. yards (gaj) Plots = 6 Marla—Dimensions: 22.6 * 60 feet squared
- 200 sq. yards (gaj) Plots = 8 Marla—Dimensions: 30 * 60 feet squared
- 266 sq. yards (gaj) Plots = 10 Marla—Dimensions: 33 * 70 feet squared
- 300 sq. yards (gaj) Plots = 12 Marla—Dimensions: 36 * 75 feet squared
- 400 sq. yards (gaj) Plots = 16 Marla—Dimensions: 40 * 90 feet squared
- 500 sq. yards (gaj) Plots = 1 Kanal—Dimensions: 50 * 90 feet squared
- 100 sq. yards (gaj) SCO Plots = 4 Marla—Dimensions: 18 * 50 feet squared
- 10 sq. yards (gaj) Commercial Booths—Dimensions: 9 * 10 feet squared
Possession:
Possession of plots is expected by November 2018. It is a government project so possession is smooth. We’ll guide you through the whole process.
*Important: There is a clause that at least 25% of the construction on property needs to finish within 3 years of possession.
GMADA IT City Location and Master Plan
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