Latest Prices of Gmada Ecocity Phase-2 Landpooling Plots at Mullanpur
Plot Sizes and Prices
| Size | Dimensions (feet) | Tentative Rate (PSY) | Price Range |
| 100 | 20′ X 45′ | 58000 | 5800000 |
| 150 | 22.6′ X 60′ | 52000 | 7800000 |
| 200 | 30′ X 60′ | 48000 | 9600000 |
| 300 | 36′ X 75′ | 45000 | 13500000 |
| 400 | 40′ X 90′ | 42000 | 16800000 |
| 450 | 45′ X 90′ | 40000 | 18000000 |
| 500 | 50′ X 90′ | 40000 | 20000000 |
| Bay Shop (60) | 12’ X 40’ | 11000000 | |
| SCO Plot (121) | 18’ X 50’ | 21500000 |
RELATED POST: Gmada Eco 2 New Chandigarh Mullanpur
Transfer Details
- Allotment Price: 21000/- PSY for Residential Plots upto 300-Syd and 23000/- PSY for Residential Plots for 400 and 500-Syd, Rs. 1-Lakh PSY for Commercial Plots.
- Transfer Charges: 2.5% of the circle rate plus Processing Fees of Rs. 6970/- for residential and Rs. 13937/- for commercial along with GST @18% on both.
Overview
- Independent integrated township developed by GMADA.
- Strategically located very close to the Upcoming Medicity and Education City.
- Located near to DLF, Omaxe and Gmada Ecocity Phase-1, where people have already started construction of Kothies.
- Residential plots allocated under Land pooling & through GMADA draw scheme.
- Scheme of Plots was opened at a price of Rs. 21000/- and 23000/- PSY with a payment plan of 5 Years.
- Land Pooling Plots were allocated to farmers against their land which was acquired for Ecocity Phase 2.
- Residential plot sizes available are 100-150-200-300-400-500-1000 Square Yards.
- Bank Loan is not available directly but through Collateral Property, which means another property shall be mortgage against Home loan.
Quick Look: Property & Transaction Attributes
A). Ownership Documents
- Letter of Intent (LOI) provided by GMADA.
B). Loan Availabilty
- Bank Loan is available with Collateral (Secondary) Property, located anywhere in India. However, rate of interest charged on disbursement shall be of Homeloan only.
C). Possession Status
- Possession of plots is expected by Dec 2018.
D). Transfer Procedure
- 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.
E). Construction Clause after Possession
- 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.
Highlights
- Prices are very competitive i.e 1/2th as compared to nearby Residential Sectors Like Omaxe, DLF and Gmada Ecocity Phase-1 which are mere 2 to 4 KM away.
- Located near to DLF, Omaxe and Gmada Ecocity Phase-1, where people have already started construction of Kothies.
- Strategically located very close to the Upcoming Medicity and Education City.
- Tata Cancer Hospital – Foundation Stone laid by Prime Minister, coming in vicinity
- Prime Location Approx. 10-Kms. from PGI and PU Campus